The LaSalle Pipeline — DCP Midstream LP’s project to transport natural gas from the Niobrara Shale in the Denver-Julesburg Basin to markets in Colorado and neighboring areas — has been issued a favorable environmental assessment by the Federal Energy Regulatory Commission. DCP proposes to construct and operate 11.3 miles of 12-inch diameter gas pipeline from its newly constructed LaSalle Gas Plant in Weld County to a proposed interconnect with the Colorado Interstate pipeline. The line would carry up to 230 MMcf/d. The company expects to begin construction on the project by November for completion by March 2013.
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ConocoPhillips Penalized for Capacity Violations
FERC last Wednesday approved a stipulation and consent agreement that fined ConocoPhillips $545,000 and required it to disgorge about $3.2 million in unjust profits that it reaped as a result of alleged violations of the agency’s capacity release regulations.
January 9, 2012
ConocoPhillips Penalized $3.7M for Capacity Violations
FERC Wednesday approved a stipulation and consent agreement that fined ConocoPhillips $545,000 and required it to disgorge about $3.2 million in unjust profits for alleged violations of the agency’s capacity release regulations.
January 6, 2012
ConocoPhillips to File for Spinoff in November
ConocoPhillips last week said it intends to file required paperwork in early November to spin off its downstream unit from its exploration and production (E&P) business, which when completed would create the biggest pure-play independent in North America.
October 31, 2011
ConocoPhillips to File Paperwork for Spinoff in November
ConocoPhillips on Wednesday said it intended to file required paperwork in early November to spin off its downstream unit from its exploration and production (E&P) business, which when completed would create the biggest pure-play independent in North America.
October 27, 2011
End-Users See Little Change in Market Risk; August Eases
August natural gas retreated moderately Tuesday, but risk managers don’t see any change in the overall market landscape and suggest that a severe storm may be required to change client’s risk assessments. At the close August had eased 1.3 cents to $4.533 and September had fallen 1.3 cents as well to $4.511. August crude oil rose $1.57 to $97.50/bbl.
July 20, 2011
BLM Will Not Designate ‘Wild Lands’
Interior Secretary Ken Salazar last Wednesday said that the Bureau of Land Management (BLM), as required by the budget deal for the current fiscal year, will not administratively designate any lands as “wild lands,” which opens the door for oil and natural gas production and other activities on these lands.
July 4, 2011
IEA: Unconventional Gas ‘Revolution’ in North America
The International Energy Agency (IEA) says the worldwide amount of estimated recoverable gas has doubled over the last few years thanks to unconventional gas resources. The agency noted that a global race for unconventional resources is on.
June 20, 2011
BLM Will Not Designate ‘Wild Lands’
Interior Secretary Ken Salazar said Wednesday the Bureau of Land Management (BLM), as required by the budget deal for the current fiscal year, will not administratively designate any lands as “wild lands,” which opens the door for oil and natural gas production and other activities on these lands.
June 2, 2011
Texas House Approves Frack Fluid Disclosure
Texas House lawmakers Wednesday approved a bill that would require disclosure of the contents of hydraulic fracturing (fracking) fluids used in natural gas wells in the state.
May 13, 2011
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