Partially

Onshore natural gas plays that are able to generate profits even when gas prices are below $4/Mcf, including the Marcellus Shale, should see rig activity up by 18% in 2011 over this year, according to analysts with Raymond James & Associates Inc.

Enterprise Products Partners LP has completed repairs to the portion of its partially owned North Texas gas pipeline that was damaged on the afternoon of June 7 in rural Johnson County, TX, the partnership said Monday.

Enterprise Products Partners LP said Tuesday a ruptured section of pipe about 15 miles south of Godley, TX, on its partially owned North Texas system has been isolated to stop the flow of natural gas and taken out of service.

FERC Wednesday partially approved Northern Natural Gas pipeline’s request to extend its storage field buffer zone in Kansas to prevent the further migration of gas away from its field.

The recent decline in the price of domestic natural gas came partially in sympathy with plummeting crude oil prices, “but also because of the increasing fall gas storage surplus, which has occurred despite extended [hurricane] Gustav/Ike gas shut-ins, extremely low liquefied natural gas (LNG) imports and colder-than-normal fall weather,” an energy analyst said in a review.

Tuesday’s April futures rebound of 31.4 cents was only partially successful in resurrecting the cash market Wednesday due to the imminent start of spring keeping a lid on heating load. A moderate majority of points recorded gains, but most of those were around a dime or less, and quite a lot of flat to a little more than 35 cents lower numbers were in the cash market mix.

Unable to sell its partially completed liquefied natural gas (LNG) import terminal in Point Tupper, NS, Anadarko Petroleum Corp. has taken a $111 million write-off and will mothball the Bear Head LNG Corp. project.

Tennessee said it has partially restored service at Compressor Station 25 in Cleveland, TX, where it declared a force majeure event in late November due to equipment failure (see Daily GPI, Dec. 1, 2005). However, due to the unavailability of certain parts, three units still remain out of service, it added in a Friday notice. Each unit is targeted to be back in service as follows: one by late January, a second by mid-April and the third by early May. Tennessee had periodically been restricting about 15% of station capacity since the equipment failure, but said Friday that based on current throughput, it does not anticipate any further curtailments. However, the pipeline said, if throughput rises, it estimates that about 5% of Station 25 volumes would be restricted.

FERC on Tuesday issued a certificate to allow Hardy Storage Co. LLC to develop and operate a new 12.4 Bcf underground natural gas storage facility in two partially depleted gas production fields in West Virginia. The Commission also approved a companion request by Columbia Gas Transmission Corp. to construct and operate transmission facilities to deliver the gas to parts of West Virginia, Maryland and Virginia (Docket No. CP05-144-000).