Reason

There is “no defensible reason” for the Environmental Protection Agency (EPA) to subject natural gas pipelines and storage facilities to regulation of emissions of volatile organic compounds (VOC), said a major interstate gas pipeline group.

To become less vulnerable to natural gas basis risk is a key reason Energy Transfer Equity LP (ETE) has aggressively pursued Southern Union Co., ETE Chairman Kelcy Warren said Thursday.

To become less vulnerable to natural gas basis risk is a key reason Energy Transfer Equity LP (ETE) has aggressively pursued Southern Union Co., ETE Chairman Kelcy Warren said Thursday.

The Interior Department said Tuesday it will take another pass at the rules set by the last administration for extracting shale oil from two million acres of federal land in Utah, Colorado and Wyoming, with the possibility of cutting the acreage total and raising royalties.

Chevron Corp. could make a bigger push into U.S. unconventional plays once the acquisition of shale operator Atlas Energy Inc. is completed, CEO John Watson said Friday.

The Federal Energy Regulatory Commission (FERC) has approved a plan by National Fuel Gas Supply Corp. to relocate and increase the capacity of its Line N pipeline, which runs north from an interconnection with Texas Eastern Transmission in Greene County, PA, through Washington, Allegheny, Beaver, and Lawrence counties, and terminates near Slippery Rock in Butler County, PA. National Fuel will relocate parts of the 20-inch diameter line that have been subject to repeated disruptions by subsidence caused by long-wall coal mining in the area. The project calls for the replacement of about 30 miles of pipeline and the installation of a new 4,740 hp compressor station, which will boost capacity on the line running through prime Marcellus Shale territory. National Fuel said it has a precedent agreement with a producer for 150,000 Dth/d of firm transportation through the line. FERC also approved the company’s plan to leave the deactivated sections of Line N in place, since they could be needed in the future once mining operations are concluded to handle increased Marcellus production expected in the area.

The House climate change bill (HR 2454) would reduce gross domestic product (GDP) below what it would otherwise have been by as much as 0.75% in 2020 and by as much as 3.5% in 2050, according to a new Congressional Budget Office (CBO) study.

Heading into the Labor Day weekend with a full tank of gasoline might give holiday-makers a reason to smile, but natural gas bulls staring at the end of summer with storage caverns brimming more than usual have little to cheer.

Heading into the Labor Day weekend with a full tank of gasoline might give holiday-makers a reason to smile, but natural gas bulls staring at the end of summer with storage caverns brimming more than usual have little to cheer.