Porter

SoCalGas Accelerates Storage Well Infrared Inspections; Pays Out $36M to Residents

Sempra Energy’s Southern California Gas Co. (SoCalGas) confirmed Friday that it has accelerated its promised inspection of 115 storage wells using infrared technology at its closed Aliso Canyon underground natural gas storage field.

March 7, 2016
Texas Finds Gusher in NGV Fueling; Industry Applauds

Texas Finds Gusher in NGV Fueling; Industry Applauds

For the fiscal year ended July 31, Texas tax revenues from the sale of natural gas for transportation were more than double the expected total, reaching $2.17 million, according to the state comptroller. People connected with initiatives for getting more natural gas vehicles (NGV) on the road in Texas and elsewhere welcomed the news.

August 21, 2014

Cubic Picking Up Gastar East Texas Assets for $46M

Gastar Exploration Ltd. has agreed to sell its East Texas assets to Cubic Energy Inc. for $46 million and will redeploy capital to higher-return projects in the Marcellus Shale and Hunton Limestone. Meanwhile, Cubic views its acquisition as an entry point to the oil-rich Eagle Ford and Woodbine formations.

April 23, 2013

Texas Blasts EPA’s Wyoming Frack Findings

The Railroad Commission of Texas (RRC) has dropped its two cents into the debate over the validity of a draft Environmental Protection Agency (EPA) report on the potential link of groundwater contamination to hydraulic fracturing (fracking) in Pavillion, WY.

February 10, 2012

People

Porter Bennett, president of Evergreen, CO-based industry consultant Bentek Energy LLC, will retire at the end of the year. Bennett, who founded Bentek in 1985, will be an adviser to the firm. Bentek was sold to Platts, a division of the McGraw-Hill Cos. Inc., earlier this year. James Simpson, who is currently vice president and general manager, will become president, the company said. Simpson previously modeled large structured transactions in both gas and power for Enron North America and led natural gas marketing and trading at MarkWest Hydrocarbon and Eprime Inc.

November 14, 2011

People

Porter Bennett, president of Evergreen, CO-based industry consultant Bentek Energy LLC, will retire at the end of the year. Bennett, who founded Bentek in 1985, will be an adviser to the firm. Bentek was sold to Platts, a division of the McGraw-Hill Cos. Inc., earlier this year. James Simpson, who is currently vice president and general manager, will become president, the company said. Simpson previously modeled large structured transactions in both gas and power for Enron North America and led natural gas marketing and trading at MarkWest Hydrocarbon and Eprime Inc.

November 14, 2011

Industry Briefs

The recently formed Eagle Ford Task Force, which was created by Texas Railroad Commissioner David Porter (see Shale Daily, July 29), outlined its agenda for the rest of the year at a meeting last week. The 24 task force members plan to focus on water usage and hydraulic fracturing; the impact of oil and gas production on community infrastructure; the need for public education about oil and gas production; and the promotion of economic development through the industry. At the meeting members discussed workforce issues affecting the region. Industry representatives estimated that approximately 120 jobs are connected to each drilling rig and currently there are about 200 rigs operating in the Eagle Ford. However, employers are often battling failed drug tests and background tests or the lack of commercial drivers licenses when trying to fill jobs in the burgeoning oil and natural gas play, they said.

August 29, 2011

GasMart 2010: Bentek Chief Sees Long Wait for Higher Prices

Abundant gas supplies make for a “bleak picture” for gas producers in the near term, Bentek Energy LLC CEO Porter Bennett said last week. While prices will stay in a $3.50-5.50 range for a while, this will ultimately spur demand, particularly among power generators, he posited, and that will be the cure for low prices. But until then — two or three years from now — things will continue to be interesting.

May 17, 2010

Bentek Chief: Long Wait for Higher Prices

Abundant gas supplies make for a “bleak picture” for gas producers in the near term, Bentek Energy LLC CEO Porter Bennett said Tuesday. While prices will stay in a $3.50-5.50 range for a while, this will ultimately spur demand, particularly among power generators, he posited, and that will be the cure for low prices. But until then — two or three years from now — things will continue to be interesting.

May 12, 2010