Backers of the proposed High Prairie Pipeline for taking away burgeoning Bakken Shale play oil supplies fired two shots Tuesday in an attempt to untangle their 450-mile, 16-inch diameter pipeline project. They contracted with an anchor shipper for the line and filed a second complaint with a federal agency against Enbridge Energy Partners LP for blocking an interconnection of the proposed pipeline.
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Equitrans Cleared to Use OFO to Detect Lost Gas
FERC has rejected protests to an operational flow order (OFO) that Equitrans LP issued last November to determine whether lost-and-unaccounted-for (LAUF) gas was being caused by leaks on its Appalachian Basin gathering system.
Cash, Futures Mostly Mixed Ahead Of Fresh Inventory Data
Cash market averages Wednesday for Thursday delivery were mixed but mostly quiet, but operational issues raised prices at points in California. Futures markets drew to a mixed close as bulls continued to cling to technical support levels and bears awaited storage data expected to continue a trend of sub-par withdrawals.
BP Begins to Invest for Long Haul, Says CEO
London-based BP plc reached a operational “turning point” in October and has begun to invest for the long term, CEO Bob Dudley told investors last week.
Crosstex Expands NGL Pipeline Extension
The Crosstex Energy companies have upsized their Cajun-Sibon natural gas liquids (NGL) Louisiana-Texas pipeline extension project and plan to have it in service during the first half of 2013, Crosstex Energy LP and Crosstex Energy Inc. said Wednesday.
Transportation Notes
Saying it had limited operational flexibility to manage imbalances in upstream Zones 0, L, 1, 2, 3 and 4 over the long holiday weekend, Tennessee issued an Imbalance Warning for shippers in those zones effective Friday until further notice. Affected delivery point operators are required to keep actual daily takes out of the system equal to or greater than scheduled quantities regardless of their cumulative imbalance position. Receipt point operators must keep actual daily receipts into the system equal to or less than scheduled quantities regardless of their cumulative imbalance position.
Transportation Notes
Southern California Gas did not extend a high-linepack OFO beyond Saturday.
Driller: Old Rigs Can’t Hack the Shales
Contract driller Helmerich & Payne Inc. has been repositioning its rig fleet or the last 10 years, well in advance of the shale revolution that has swept the oil and gas patch. Back then it wasn’t known how well suited the firm’s FlexRigs would be to horizontal drilling in the shales. As it turns out, they work quite well, H&P CEO Hans Helmerich told financial analysts during a fiscal fourth quarter earnings conference call.
Transportation Notes
Citing forecasts of cold weather in market-area Zones 5 and 6 limiting its operational flexibility to manage imbalances, Tennessee said it implemented an Imbalance Warning in those zones at the start of Friday’s gas day. All affected delivery point operators were required to keep actual daily takes out of the system equal to or less than scheduled quantities regardless of their cumulative imbalance positions, while receipt point operators had to keep actual daily receipts into the system equal to or greater than scheduled quantities regardless of their cumulative imbalance positions.
Transportation Notes
Due to forecasted lower demand this weekend and limited operational flexibility to manage imbalances, three Spectra Energy pipes — Texas Eastern, Algonquin and East Tennessee — are requiring operators of all receipt and delivery points to maintain flat or negative imbalances for the gas days of Saturday and Sunday.