The Commodity Futures Trading Commission’s $25 million swaps threshold level for trades involving “special entities,” such as publicly owned utilities, will drive non-bank firms out of the natural gas and electricity markets, leaving trading to big banks like J.P. Morgan, Bank of America and Goldman Sachs, said a major producer group Monday.
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Articles from Owned
High Prairie Awaits FERC Decision on Dispute over Enbridge Tie-in
High Prairie Pipeline LLC, a wholly-owned subsidiary of Durango, CO-based Saddle Butte Pipeline LLC, expects FERC to act soon on its complaint that Enbridge Energy Ltd. has discriminated against it by denying it an interconnection to deliver oil from the Bakken Shale formation to the market hub at Clearbrook MN, a spokesman said Tuesday (see Shale Daily, June 4).
August 15, 2012
MarkWest Utica Secures New Agreements, Expands Ohio System
MarkWest Utica EMG LLC, a partnership between Appalachian midstream provider MarkWest Energy Partners LP and private equity fund The Energy and Minerals Group (EMG), has secured agreements to process and transport Gulfport Energy Corp.’s growing natural gas volumes from three eastern Ohio counties between now and 2014. The partners also are expanding one Utica Shale midstream facility and building a new plant to ensure producers have enough fractionation services available.
June 5, 2012
Chesapeake, Ohio Company File Counterclaim in Leasing Dispute
Several Chesapeake Energy Corp. subsidiaries, along with a privately owned oil and gas exploration company based in Ohio, have filed a counterclaim in federal district court as they look to fight a lawsuit by 17 landowners in western Pennsylvania over a leasing dispute.
May 14, 2012
Russia’s Rosneft Gains First Entry to North America
Strategic cooperation agreements inked with ExxonMobil Corp. on Monday will give Russian state-owned OAO Rosneft its first investments in North American oil and gas fields.
April 17, 2012
ConocoPhillips, India’s ONGC Sign Shale, Offshore Agreement
India’s state-owned Oil and Natural Gas Corp. Ltd. (ONGC) announced Friday that it has signed a memorandum of understanding (MOU) with ConocoPhillips to explore and develop shale and deepwater resources in India and North America.
April 3, 2012
Anadarko Backing Eagle Ford Pipeline Extension
Net Midstream’s Eagle Ford Midstream LP plans to construct a 105-mile, 24- and 30-inch diameter extension of its existing pipeline, supported by a long-term gas transportation agreement with Anadarko Petroleum Corp.
March 26, 2012
San Antonio Utility Replacing Coal Units with Gas Plant
San Antonio’s CPS Energy, the country’s largest municipally owned natural gas and power utility, will announce this week that it is buying the Rio Nogales 800 MW gas-fired power plant in Seguin, TX, a spokesperson told NGI.
March 13, 2012
Crestwood Buys Marcellus Midstream Assets from Antero
A new joint venture formed by Crestwood Midstream Partners LP and Crestwood Holdings Partners LLC has acquired a Marcellus Shale gathering system in northern West Virginia owned by Antero Resources Appalachian Corp., the companies announced Monday.
February 28, 2012
New York Utilities Form Public Policy Coalition
Six investor-owned natural gas and electric utilities in New York — Central Hudson Gas & Electric Corp., Consolidated Edison Inc., National Fuel Gas Distribution Corp., National Grid, New York State Electric & Gas Corp. and Rochester Gas and Electric Corp. — have formed Energy Coalition New York “to provide public policy leadership on energy issues” in the state, a coalition spokesman said Wednesday.
January 12, 2012
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