Gas producers know they have to spend money to make money, and Louisiana shale patch players are hoping their state’s lawmakers remember that maxim if a repeal of Louisiana’s horizontal well severance tax investment incentive comes up for their consideration.
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Report: Louisiana Makes Money on Severance Tax Break
Gas producers know they have to spend money to make money, and Louisiana shale patch players are hoping their state’s lawmakers remember that maxim if a repeal of Louisiana’s horizontal well severance tax investment incentive comes up for their consideration.
Shale Liquids Prompt $1.9B NGL Asset Deal
Midstream players Energy Transfer Partners LP (ETP) and Regency Energy Partners LP have formed a joint venture to follow their producer customers to where the money is: liquids-rich shale plays. The partners are acquiring natural gas liquids (NGL) storage, fractionation and transportation assets to expand their producer service offerings.
Much of 2010 Midstream M&A Targeted Shales, Review Finds
Merger and acquisition (M&A) activity in the midstream sector last year got back to the all-time high level of 2006. Nearly all (94%) of the activity last year was driven by spending on gas pipelines and gas gathering and processing facilities in the United States, and shale gas plays featured prominently in that activity, according to the “IHS Herold 2011 Global Midstream M&A Review.”
Shale Gas Boom in India? First Well Completed
With the booming U.S. industry players keeping a close eye out for the opening of global markets, India reported completing its first shale gas well Tuesday as some observers of the Indian energy space speculate that the nation may have its largest natural gas deposits locked in shale. U.S. oilfield services provider Schlumberger drilled India’s first well.
Large Muni Utility Sweats Out CFTC Reforms
Count the $4 billion Los Angeles Department of Water and Power (LADWP) among the nervous energy industry players worried about what all of the rules and regulations are going to be affecting gas hedging programs under the Dodd-Frank Wall Street Reform Act (see Daily GPI, Dec. 10).
Enterprise: Petrochems Getting Comfy With NGLs
The petrochemical industry is growing more comfortable with the idea that favorable natural gas liquids (NGL) prices are going to stick around and players are positioning themselves to take advantage of that, Enterprise Products Partners LP Chief Commercial Officer Jim Teague told financial analysts last week.
Enterprise Exec: Petrochems Getting Comfy With NGL Outlook
The petrochemical industry is growing more comfortable with the idea that favorable natural gas liquids (NGL) prices are going to stick around and players are positioning themselves to take advantage of that, Enterprise Products Partners LP Chief Commercial Officer Jim Teague told financial analysts Monday.
Oregon LNG Backers, Others Debate BC Export Plan
Pacific Northwest gas industry players — including the top executives leading the two remaining proposed liquefied natural gas (LNG) receiving terminal projects in Oregon — are watching the proposed Kitimat LNG export project in British Columbia (BC). In recent interviews with NGI, they expressed a mixture of skepticism and support.
U.S. Northwest LNG Backers Question BC Export Plan
Pacific Northwest gas industry players — including the top executives leading the two remaining proposed liquefied natural gas (LNG) receiving terminal projects in Oregon — are watching the proposed Kitimat LNG export project in British Columbia (BC). In recent interviews with NGI, they expressed skepticism.