Development of the emerging Eagle Ford Shale play in South Texas got a boost from Enterprise Products Partners LP, which agreed to provide natural gas transportation and processing services to an undisclosed producer. The agreement, with “one of the largest and most active producers in this emerging play,” covers more than 150,000 acres, said Enterprise CEO Michael Creel. The shale formation, which is known as the “Eagle Ford” and the “Eagleford” play, is beneath or near some of Enterprise’s Texas energy assets. Because of the proximity of Enterprise infrastructure in the South Texas play, only “modest” capital expenditures will be needed for the partnership to begin providing the transportation and processing services required under the agreement, said Creel. No additional financial details were provided.
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New Law Shields Illinois Gas Consumers from Misleading Suppliers
Illinois Gov. Pat Quinn has signed into law new measures aimed at protecting consumers from misleading sales pitches and excessively high exit fees of marketers that provide alternative natural gas service in the state.
New Law Shields Illinois Gas Consumers from Misleading Suppliers
Illinois Gov. Pat Quinn has signed into law new measures aimed at protecting consumers from misleading sales pitches and excessively high exit fees of marketers that provide alternative natural gas service in the state.
S&P: Cash Management Proposal ‘Falls Short’ of Protecting Regulated Affiliates
FERC’s proposed rule to limit intra-corporate cash transactions, although a step in the right direction, offers regulated energy subsidiaries little in the way of protection from parent companies that are financially strapped, according to Standard and Poor’s (S&P) credit analyst Todd Shipman. And the Commission’s past record of “sluggish response” doesn’t give him much confidence that the agency will actively enforce it, he said.
Alberta Board Protecting Consumers, Rejects Asset Sale
Foiled bidders, led by an American producer, for a package of prize natural gas assets have learned the hard way that — in Canada’s top supplier province, at least – energy free trade does not erase inherited responsibilities to consumers. Burlington Resources Canada Energy Ltd., NCE Petrofund Corp. and NCE Energy Corp. got the lesson from the Alberta Energy and Utilities Board.
OCC Questions Gas Deregulation
In an attempt to find the cause of rising natural gas priceswhile protecting consumers from rate increases, the Ohio Consumers’Council (OCC) late last week filed a petition with the PublicUtilities Commission of Ohio (PUCO) requesting an investigationinto the current state of the natural gas industry in Ohio.
