Calgary-based Canadian Superior said last week that unusually warm weather in February and March, which resulted in a premature spring breakup, led to a “slight, temporary decline” of 7% in oil and natural gas production during the first quarter.
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A Declared Deficiency Period that took effect Wednesday on Northwest will last through Thursday. The constraint resulted from the scheduled installation of pigging facilities at M.P. 139 near the Moab (UT) Compressor Station, which reduced available capacity through Moab to zero. “Design capacity at the Moab Compressor on a south flow gas day is 355,000 Dth/d, resulting in a daily deficiency volume of 355,000 Dth/d,” Northwest said. During the Deficiency Period it is cutting nominations in accordance with its priority of service until the station reaches a net throughput of zero.
Calgary-based Canadian Superior said Monday that unusually warm weather in February and March, which resulted in a premature spring breakup, led to a “slight, temporary decline” of 7% in oil and natural gas production during the first quarter.
The voluntary reporting guidelines put in place by FERC to ensure the integrity of U.S. natural gas published price indices has resulted in a restructured system which appears to have restored market confidence, a panel of energy experts said last week in Houston.
As traders had predicted, a continuing drop in heating load resulted in falling prices across the board Friday. The losses ranged from a little more than a nickel to about 45 cents, with Northeast citygates taking the biggest hits.
Dynegy Inc. has completed the sale of its Sherman, TX-based gas processing facility to Dornick Hills Midstream Ltd., which is based in Dallas. The transaction resulted in a pre-tax gain for Dynegy of $17 million. The Sherman plant has a processing capacity of 24 MMcf/d, and “represents one of our last significant divestitures of non-core assets,” said CEO Bruce Williamson. “Consistent with our self-restructuring approach and goal of delivering value to investors, this sale was based on a decision to focus on regions and segments of our natural gas liquids business where we have a larger physical presence and greater opportunities for growth,” he said. Dynegy expects to gain $240 million from non-core asset sales this year, said Williamson. The sales have improved the company’s financial profile and reduced Dynegy’s debt, helping it maintain “a strong level of liquidity to support our ongoing natural gas liquids and power generation businesses.”
Northern Natural Gas reported experiencing a force majeure event Thursday at its storage facility in Lyons, KS. “This event has resulted in the need for injections at the facility to be shut in for an undetermined amount of time. As a result, some allocation of interruptible storage nominations may be necessary,” NNG said.
The use of so-called “conservative assumptions” in a study done for FERC on LNG tanker safety has resulted in “unrealistic potential consequences that may unduly alarm the public,” the Center for Liquefied Natural Gas (CLNG) said last week.
The use of so-called “conservative assumptions” in the study done for FERC on LNG tanker safety has resulted in “unrealistic potential consequences that may unduly alarm the public,” the Center for Liquefied Natural Gas (CLNG) said last week.
El Paso Corp. has completed the “creation of a fit-for-purpose organization” that resulted in job losses for about 40% of its corporate officers, 21% of its directors and 9% of the rest of the organization, not including field operations or field services businesses.