Remaining

Futures Trades Made Prior to Storage Report Draw Attention

The Commodity Futures Trading Commission (CFTC) is remaining tight lipped about a reported examination of Nymex natural gas futures trades made in advance of the Energy Information Administration’s (EIA) Feb. 7 storage report for the week ending Feb. 1.

February 25, 2013

Futures Trades Made Prior to Storage Report Draw Attention

The Commodity Futures Trading Commission (CFTC) is remaining tight lipped about a reported examination of Nymex natural gas futures trades made in advance of the Energy Information Administration’s (EIA) Feb. 7 storage report for the week ending Feb. 1.

February 21, 2013

Dominion, Caiman Partner in Utica Midstream

Dominion and Caiman Energy II LLC on Thursday said they are forming Blue Racer Midstream LLC, a $1.5 billion joint venture (JV) that would provide midstream services to natural gas producers operating in the Utica Shale in Ohio and portions of Pennsylvania.

December 24, 2012

EIA Again Increases 2013 Henry Hub Price Forecast

With natural gas working inventories remaining near record highs through the end of November, the Energy Information Administration (EIA) expects the Henry Hub spot price to average $2.78/MMBtu this year, down from $4.00/MMBtu in 2011, before rebounding to an average of $3.68/MMBtu in 2013.

December 17, 2012

EIA Again Increases 2013 Henry Hub Price Forecast

With natural gas working inventories remaining near record highs through the end of November, the Energy Information Administration (EIA) expects the Henry Hub spot price to average $2.78/MMBtu this year, down from $4.00/MMBtu in 2011, before rebounding to an average of $3.68/MMBtu in 2013.

December 12, 2012

East Coast Distributor Takes Bakken Shale Transloading Stake

Expanding its presence in the Bakken Shale region, Global Partners LP has agreed to acquire a 60% membership interest in Basin Transload LLC, which operates two transloading facilities in North Dakota with a combined rail loading capacity of 160,000 b/d.

October 8, 2012

Tennessee Seeks to Place Entire Northeast Project in Service

Tennessee Gas Pipeline Co. Monday sought authorization to place the remaining portion of its Northeast Supply Diversification (NSD) Project in service on Nov. 1. The request came only days after the Federal Energy Regulatory Commission approved the start-up of a portion of the NSD facilities to provide service to three shippers beginning Oct. 1 (see Shale Daily, Sept. 24).

October 2, 2012

FERC OKs Abandonment of Risky Portion of Southern Line

FERC has approved Southern Natural Gas Co. LLC’s (SNG) request to abandon nearly 20 miles of pipeline and associated facilities in Alabama to comply with a correction action order issued by the Pipeline and Hazardous Materials Safety Administration (PHMSA) to address the hazards associated with wrinkle bends, which led to a failure on SNG’s system in late 2009.

October 1, 2012

W&T Acquires 78 GOM Blocks from Newfield

W&T Offshore Inc. agreed Tuesday to spend $228 million to acquire all of Newfield Exploration Co.’s remaining Gulf of Mexico (GOM) properties, which include 65 deepwater blocks. The 78-block inventory covers more than 430,000 gross acres.

September 19, 2012

Industry Briefs

The Federal Energy Regulatory Commission has given Transcontinental Gas Pipe Line (Transco) the go-ahead to place into service the remaining facilities that are part of the first phase of its 225,000 Dth/d expansion of its system to serve growing natural gas markets in the Southeast. The Phase I project, which would add 95,000 Dth/d, is scheduled to begin service this month. Construction of Phase II, which would add 130,000 Dth/d, is expected to go into service in June 2013. Transco has estimated the capital cost of the project at $217 million. The Mid-South Expansion Project consists of five loops totaling 23 miles of new pipeline. The facilities in the first phase that were approved for service include three loops in Randolph County, AL; and Gaston County and Davidson County, NC, as well as modifications to existing compressor stations in Georgia, South Carolina and North Carolina [CP11-18]. Transco said it has entered into binding precedent agreements for 100% of the incremental firm transportation service to be provided by the project (see NGI, May 31, 2010).

September 3, 2012