Parties

Tennessee lifted Thursday an OFO Action Alert for all balancing parties in Zones 5 and 6.

Tennessee lifted Wednesday an Imbalance Warning in Zones 0, L, 1, 2, 3 and 4 but continued to request that all parties match physical flow with scheduled quantities.

Tennessee lifted Wednesday a longstanding Imbalance Warning in upstream Zones 0-4 but said it continues to request that all parties match physical flow with scheduled quantities.

Tennessee Gas Pipeline on Tuesday morning informed its customers that it is lifting its imbalance warning in Zone 4 on the 300 Line. However, the pipeline continues to request that all parties match physical flow with scheduled quantities.

The number of parties unhappy with the low level of industry representation on President Obama’s new hydraulic fracturing (fracking) advisory panel continues to grow as answers are sought and questions surrounding the Department of Energy’s (DOE) motives arise.

Australian energy giant BHP Billiton Petroleum has become the latest international energy heavyweight to buy into U.S. shale plays with a transaction to acquire Chesapeake Energy Corp.’s Fayetteville Shale portfolio for $4.75 billion cash.

Tennessee said due to the anticipated return of colder weather to its market area, an OFO Action Alert will be implemented Friday for all Balancing Parties in downstream Zones 4, 5 and 6. They will be required to maintain an actual daily flow rate not exceeding 2% of scheduled quantities or 500 Dth, whichever is greater, for underdeliveries into the system and overtakes from the system.

Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.

ONEOK Partners LP said it will spend $180 million to $240 million by the first half of 2012 for natural gas liquids (NGL) projects in the Cana-Woodford Shale and Granite Wash plays.