MarkWest Hydrocarbon executed agreements with Equitable Production that restructures their processing relationship in Appalachia. The new agreements provide Equitable with additional flexibility in its gathering operations upstream of the MarkWest Energy Partners LP processing facilities, and provide Equitable with assurances of continued processing capacity and operations. The new agreements also protect MarkWest Hydrocarbon during periods of low processing margins. Terms of the deal were not disclosed.
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TransColorado Tests Market for 300,000 Dth/d Northbound Expansion
Increasing Piceance Basin production in Colorado and new takeaway capacity out of the Rockies to Midwestern markets have prompted TransColorado Gas Transmission to test market interest in a 300,000 Dth/d expansion of its system.
TransColorado Test Market for 300,000 Dth/d Northbound Expansion
Increasing Piceance Basin production in Colorado and new takeaway capacity out of the Rockies to Midwestern markets have prompted TransColorado Gas Transmission to test market interest in a 300,000 Dth/d expansion of its system.
Energy Consultants Join Forces to Expand Resources
IHS Energy, which specializes in analyzing energy exploration and production (E&P) data around the world, has acquired Cambridge Energy Research Associates (CERA), whose analysis covers energy markets, geopolitics, structure and strategy. The partnership, said the IHS Group subsidiary, will build on the companies’ joint resources to expand their database and operations support. No financial details were disclosed.
Esprit Shareholder Meeting to Consider Reorganization
Calgary-based Esprit Exploration Ltd. is one step closer to reorganizing into an income trust and an exploration and production (E&P) company, and will hold a special shareholder meeting in late September to consider the arrangement. Esprit Energy Trust would hold 90% of Esprit’s existing proved producing reserves, while ProspEx Resources Ltd. would own the balance of the assets and some of the undeveloped lands (see Daily GPI, July 23).
Futures Rally, Then Retreat as Traders Track Tropical Storms
Boosted by the bullish combination of hurricane fears and Gulf-area production curtailments, the natural gas futures market surged higher early Tuesday on waves of commercial and local-trader buying. After gapping higher at the opening bell, the September contract shot to a new one-week high at $5.96 as all eyes were watching the development of Tropical Storm (TS) Bonnie in the Gulf of Mexico.
Alberta Government Sees Multiple Benefits from Northern Pipelines
Alberta government and industry leaders can be counted on to support northern natural gas production and pipeline development, a report commissioned by the provincial government indicates.
Alberta Government Sees Multiple Benefits from Northern Pipelines
Alberta government and industry leaders can be counted on to support northern natural gas production and pipeline development, a report commissioned by the provincial government indicates.
Shippers ‘More Comfortable’ with U.S. LNG Market, Sempra CEO Says
All of the major global liquefied natural gas (LNG) shippers — mostly large oil and gas production companies — are now “more comfortable” with the longer term wholesale natural gas business in the United States and willing to take the risk of downstream prices once added LNG imports begin flowing in 2007-08, according to San Diego-based Sempra Energy CEO Steve Baum, speaking Tuesday at the Deutsche Bank Electric Power Conference in New York City.
Shippers ‘More Comfortable’ with U.S. LNG Market, Sempra CEO Says
All of the major global liquefied natural gas (LNG) shippers — mostly large oil and gas production companies — are now “more comfortable” with the longer term wholesale natural gas business in the United States and willing to take the risk of downstream prices once added LNG imports begin flowing in 2007-08, according to San Diego-based Sempra Energy CEO Steve Baum, speaking Tuesday at the Deutsche Bank Electric Power Conference in New York City.