Prompted

End-Users Seen Content With Current Futures Prices; March Eases

March natural gas futures fell in uninspired trading Tuesday on the New York Mercantile Exchange. Significant changes to the 11- to 15-day weather forecast prompted selling as weather models abruptly shifted to a warmer outlook at key eastern points. Cold Canadian air was predicted to exit much of the central U.S. during that period.

February 2, 2011

Pennsylvania Lawmaker to Introduce Marcellus Bills

Prompted by the booming natural gas drilling industry in his district, Pennsylvania state Senator Gene Yaw (R-23rd) said he will introduce a series of bills that address issues related to the growing Marcellus Shale industry. Yaw’s district includes Bradford, Susquehanna and Lycoming counties, which are some of Pennsylvania’s top Marcellus producing areas.

January 31, 2011

Pennsylvania Lawmaker to Introduce Marcellus Bills

Prompted by the booming natural gas drilling industry in his district, Pennsylvania state Senator Gene Yaw (R-23rd) said he will introduce a series of bills that address issues related to the growing Marcellus Shale industry. Yaw’s district includes Bradford, Susquehanna and Lycoming counties, which are some of Pennsylvania’s top Marcellus producing areas.

January 31, 2011

Caiman Completes West Virginia Processing Plant, Plans Another

Caiman Energy has completed a 120 MMcf/d cryogenic processing plant in the Marcellus Shale in Marshall County, WV, and, prompted by drilling projections from existing and potential customers, plans to open a 200 MMcf/d facility at the same location later this year, the Dallas-based company said Wednesday.

January 28, 2011

New York Drilling Ban Prompts Norse Energy Force Majeure

New York’s ban on permitting for drilling operations involving hydraulic fracturing (fracking) has prompted Norway’s Norse Energy Corp. ASA to send notices of force majeure to landowners covering its leased acres, thereby extending its leases and awaiting shale developments under the incoming state administration.

January 18, 2011

Dow Commits to Positive U.S. Ethane Outlook

Cheap ethane provided by liquids-rich natural gas production in the United States has prompted Dow Chemical Co. to boost its ethane cracking capabilities on the Gulf Coast over the next two-three years. The company’s cracking capacity will grow by 20-30% during the period, Dow said Thursday.

December 3, 2010

Shale Could be Empty LNG Tanker Magnet

The abundance of North American natural gas and attractiveness of overseas markets have prompted a second announcement of plans to export liquefied natural gas (LNG) from the Lower 48. Freeport LNG and Macquarie Energy said last week they will develop export capability on the site of Freeport’s existing import terminal in Texas. Macquarie Energy is the North American energy marketing and trading arm of Australia’s Macquarie Group.

November 29, 2010

Lower 48 LNG Export Idea Gaining Hold

The abundance of North American natural gas and attractiveness of overseas markets have prompted a second announcement of plans to export liquefied natural gas (LNG) from the Lower 48. Freeport LNG and Macquarie Energy said Monday they will develop export capability on the site of Freeport’s existing import terminal in Texas. Macquarie Energy is the North American energy marketing and trading arm of Australia’s Macquarie Group.

November 23, 2010

Avista’s Idaho Gas, Power Customers Get Rate Hike

WA-based Avista Utilities’s natural gas and electric customers in Idaho on Monday will get a surprise of a small rate increase prompted by the reduction by the Idaho Public Utilities Commission (PUC) of two rate credits consumers have been receiving.

November 1, 2010

Shale Could Prompt Alaska Gasline Rethink

The shale-driven natural gas supply glut in the Lower 48 states has prompted ConocoPhillips to reassess its part in the Denali Alaska gas pipeline project with BP plc, CEO Jim Mulva said in Houston as reported by the Financial Times.

October 4, 2010
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