DCP Midstream Pays $63M for Crossroads Processing Plant

DCP Midstream Partners has moved to increase its market position in East Texas, agreeing to pay Penn Virginia Resource Partners LP (PVR) approximately $63 million for the Crossroads processing plant and associated gathering system in Harrison County, TX, the two companies said.

June 21, 2012

Equitrans Informs FERC About Pipeline Construction Accident

Equitrans LP has informed FERC that it accidentally spilled hundreds of gallons of drilling mud and chemicals into a creek in southwest Pennsylvania in April while building a Marcellus Shale pipeline.

June 1, 2012

March Futures Expire With Double-Digit Loss; Cash Mixed

Mixed cash market action set the tone for the day Monday with points declining in the gulf Coast and Midcontinent regions while Northeast, Rockies and West Coast points managed moderate gains. The expiring March futures finished on a soft note as the technical environment continued to deteriorate. At the close March had settled at $2.446, down 10.4 cents and April shed 9.2 cents to $2.603. April crude oil dropped $1.21 to $108.56/bbl.

February 28, 2012

Traders See Bottoming Market, Yet March Weakens

Cash prices worked higher Thursday amid nuclear outages and supportive weather in a few regions of the country. Northeast points registered stout gains, and for the most part traders were able to complete their exchanges prior to the 10:30 a.m. EST Energy Information Administration (EIA) report that showed a withdrawal of 166 Bcf, somewhat lighter than expected.

February 24, 2012

Industry Seeks Balance on Pennsylvania Impact Fee, Regulations

As Pennsylvania legislators continue to work out a compromise on natural gas drilling impact fee legislation, the Marcellus Shale Coalition (MSC) on Friday urged leaders in Harrisburg “to avoid the temptation of crafting policy in a vacuum and instead design a fee and regulatory structure that not only provides heightened safeguards to the public, but also a competitive investment climate.”

January 23, 2012

Northeast Quotes Peak at $13 in Overall Mixed Pricing

Transco Zone 6’s New York pool topped out at $13 and averaged nearly $12 Friday amid mixed price movement in most regions as traders kept in mind that the Sunday-through-Tuesday flows covered by their deals would be accompanied by the advent of frigid weather in much of the East. Several other Northeast points had peak quotes of $10 or more.

January 3, 2012

Some Northeast Points Dive; Small Gains Reported Elsewhere

Natural gas prices were a mixed bag on Tuesday with mild weather and tumbling prices in the Northeast offset by nominal gains in other most other regions as traders grappled with the combination of stronger futures prices and a winter storm lashing the Great Plains.

December 21, 2011

Most Locations Rebound From Weekend Losses

In trading that apparently was based more on colder weather later this week than more moderate forecasts for Tuesday in several regions, prices were up at nearly all points Monday. The previous Friday’s screen loss of 6.4 cents proved to be little deterrent to rising prices, while they got a little extra support from the post-weekend return of significant industrial load.

December 6, 2011

Widespread Shift to Colder Forecasts Lifts Prices

Following rather moderate Thanksgiving weekend weather in most regions, traders returned to their offices Monday to face much more winter-befitting forecasts going into December. That, along with a modest futures advance on the preceding Wednesday and the return of industrial load from holiday hiatus, propelled a solid majority of the cash market to substantial gains.

November 29, 2011

Bentek: Marcellus Takeaway Capacity to Double by 2013

Marcellus Shale natural gas pipeline takeaway capacity will jump to 8.5 Bcf/d by 2013, more than double its current level, according to Bentek Energy LLC.

October 27, 2011