Prompted

Atlas Adding 200 MMcf/d of Permian Processing

Growing natural gas production in the Permian Basin has prompted Atlas Pipeline Partners LP to announce plans for a new 200 MMcf/d cryogenic processing plant, which will be anchored by production from Pioneer Natural Resources Inc.

July 17, 2013

Maryland Floats Draft Fracking Rules

Maryland’s Department of Environment (MDE) and Department of Natural Resources have released a draft report describing best practices for drilling and production that should be required if horizontal drilling and hydraulic fracturing of natural gas wells is permitted in the state’s portion of the Marcellus Shale, which is confined to its two westernmost counties.

June 28, 2013

Eastern Heat, Humidity Boost Cash; Futures Continue Lower

The physical natural gas market added an average of 4 cents Monday for Tuesday delivery, led by surging prices at Northeast points prompted by warm temperatures and big jumps in next day power. Eastern points also tallied double digit gains, far outdistancing trading centers in the Midwest and Gulf as well as those in California and the Rockies. At the close of futures trading July had fallen 3.2 cents to $3.739 and August was off 3.3 cents to $3.760. August crude oil recovered $1.49 to $95.18/bbl.

June 25, 2013

Colorado Wildfire Shuts 500 Encana Gas Wells

A wildfire along the Western Slope in Colorado south of Rangely in the Piceance Basin prompted Denver-based Encana Oil & Gas (USA) Inc. to close 500 conventional natural gas wells in Rio Blanco County and evacuate an eight-worker plant. The shutdown was expected to continue at least through Friday, a Colorado-based Encana spokesperson told NGI.

June 24, 2013
Shales Continue Pushing Lower 48 Production Higher

Shales Continue Pushing Lower 48 Production Higher

Natural gas production in the Lower 48 and Other States categories, which include some of the nation’s most prolific shale plays, was up in February compared with January and with February 2012, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.

May 2, 2013
Tuscaloosa Operators Get Severance Tax Break in Mississippi

Tuscaloosa Operators Get Severance Tax Break in Mississippi

Mississippi Gov. Phil Bryant on Tuesday signed into law several energy bills that were passed by state lawmakers this spring, including one piece of legislation that should encourage more development in the emerging Tuscaloosa Marine Shale (TMS), as well as other unconventional oil and natural gas formations.

April 25, 2013

Low U.S. NatGas Prices Attract Australian Ammonia Investment

Low natural gas prices and a “responsive regulatory environment” have prompted Australia’s Incitec Pivot Limited (IPL) to devote $850 million toward the construction of a world scale ammonia manufacturing plant on a brownfield site in Waggaman, LA, the company said Wednesday.

April 18, 2013

Woodside Drops Browse LNG Plan on Costs

High costs have prompted Woodside Petroleum Ltd. to scrap plans for the proposed onshore Browse LNG Development at James Price Point (JPP) in Western Australia, but the company is leaving the door open to a floating liquefied natural gas (LNG) development, among other options, to commercialize Browse Basin gas reserves.

April 15, 2013

Cold Snap Pushes Some Northeast Cash Points to All-Time Highs; Futures Drift Lower

Physical natural gas prices continued their volatile ways Wednesday with eastern points continuing higher prompted by pipeline outages and below normal temperatures, while locations west of the Eastern Seaboard were declining. Overall, the national average gain was 95 cents, but taking out volatile eastern points revealed an overall average loss of 8 cents. At the close of trading February futures were 0.4 cent lower at $3.554 and March was down 0.5 cent at $3.553. March crude oil slipped $1.45 to $95.23/bbl.

January 24, 2013

Algonquin, Maritimes Limit Flows Amid Cold

Cold temperatures in the Northeast have prompted constraints on Spectra Energy’s Algonquin Gas Transmission and Maritimes & Northeast (M&N) Pipeline, according to customer notices on the pipelines’ bulletin boards.

November 28, 2012
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