Perfect

As Pennsylvania worked toward overhauling environmental rules for shale development in February, the Pennsylvania Environmental Council (PEC) said “while this legislation is not perfect, the people of Pennsylvania are better served by passage of this bill now than to wait another year or longer for something stronger.”

Ceramic products company Saint-Gobain is developing a ceramic proppant manufacturing plant in Saline County, AR. The company said its proppants division will build a 100,000-square-foot facility on 68 acres at a cost of $100 million.

Despite nearly a perfect storm of industry mishaps that could impair domestic natural gas supply down the road, the July futures contract on Tuesday was repelled by resistance at $5 once again before closing the day’s regular session at $4.808, down 10.8 cents from Monday’s finish.

It is a perfect storm of conflicting economic supply/demand winds in the North American natural gas markets that is fouling the immediate futures of many independent electric generators, and the credit ratings of some of the merchant power firms are suffering, according to an industry report released last Thursday by Standard & Poor’s Ratings Services (S&P), “U.S. Power Merchants Continue to Suffer from Low Natural Gas Prices.”

SandRidge Energy Inc. is pushing ahead on plans to become a niche natural gas player after throwing down a bid close to midnight Tuesday to buy bankrupt Crusader Energy Group Inc. in a cash and stock transaction worth an estimated $230 million.

Field contractors are braced for a long and deep slump in Canadian natural gas drilling, blaming a perfect storm of glutted markets, unfavorable currency exchange rates and Alberta’s overhaul of government royalties.

Field contractors are braced for a long and deep slump in Canadian natural gas drilling, blaming a perfect storm of glutted markets, unfavorable currency exchange rates and Alberta’s overhaul of government royalties.

Proposed “firm access rights” (FAR) for wholesale gas customers on the Sempra Energy utilities’ natural gas transmission and storage system is far from perfect, according to critics, particularly those planning to import regasified LNG into the California market.

Proposed “firm access rights” (FAR) for wholesale gas customers on the Sempra Energy utilities’ natural gas transmission and storage system is far from perfect, according to critics, particularly those planning to import regasified LNG into the California market.