CPUC Identifies 17 Potential Hazards; PG&E Overhauls Records

As another result of the heightened scrutiny prompted by the San Bruno natural gas pipeline explosion, a new California regulatory unit has identified 17 potential hazards as part of a new statewide database on gas system hazards.

March 16, 2012

Cash Posts Double-Digit Losses; Futures Ease

Futures and cash prices worked lower Wednesday, but physical gas posted sharper losses as forecasts of milder weather prompted cash quotes mostly a dime to 15 cents lower with some spots in the Northeast declining between 20 to 30 cents. At the close of futures trading March had shed 2.4 cents to $2.448 and April had softened 3 cents to $2.598. March crude oil added 30 cents to $98.71/bbl.

February 9, 2012

Talisman Fined for Marcellus Well Control Incident

The Pennsylvania Department of Environmental Protection (DEP) has fined Talisman Energy USA Inc. $51,478 for a well control incident that prompted the company to shut down all North American hydraulic fracturing (hydrofracking) operations in early 2011.

January 9, 2012

Corona Power Plans Fuel Switch in Wake of EPA Rules

New Environmental Protection Agency (EPA) rules have prompted Corona Power LLC to switch most of the coal-burning generation at its 400 MW Sunbury generation facility in Shamokin Dam, PA, to gas-fired generation.

December 30, 2011

Most Points See Sizeable Dips; Northeast Mixed

Trends toward milder temperatures prompted price declines at a large majority of points Friday. The bearish weekend impact of reduced industrial load was heightened by the Christmas holiday being taken off Monday.

December 27, 2011

Mexican Shale Discovery Prompts $10.4B Pipeline Plan

Prompted in large part by the recent discovery of significant shale gas deposits in the country’s north and east, Mexico will invest $10.4 billion to build more than 2,800 miles of natural gas pipelines and local distribution networks by 2018, a nearly 40% increase compared with the country’s current pipeline network, President Felipe Calderon said.

November 14, 2011

Bulls Circling the Wagons; December Falls

December natural gas fell Monday as pervasive forecasts of near-term warming prompted traders to follow the course of funds and managed accounts and market bulls were kept on the defensive. At the close December had fallen 8.7 cents to $3.696 and January had dropped 8.9 cents to $3.803. December crude oil gained $1.26 to $95.52/bbl.

November 8, 2011

Safety Concerns Prompt New Brunswick Seismic Testing Halt

Southwestern Resources Canada, a Southwestern Energy Co. (SWN) subsidiary, has decided to halt seismic testing in New Brunswick earlier than expected to protect its workers after a wave of thefts, vandalism and protests in the province by opponents of hydraulic fracturing (fracking).

August 25, 2011

New Brunswick Firm in Fracking Support as Protests Mount

New Brunswick officials are standing firm in their opposition to a moratorium on hydraulic fracturing (fracking) in the province, even as protesters against the practice in the emerging Frederick Brook Shale stage bold acts of civil disobedience.

August 15, 2011

Barnett Shale Continues to Drive Quicksilver Growth

Quicksilver Resources Inc. set another production record in the second quarter and rebounded from a 1Q2011 net loss with net income of $109 million (61 cents/share) in 2Q2011. Production in the Barnett Shale, which has been a primary driver of the company’s recent growth, is expected to ramp up through at least the end of the year.

August 9, 2011