Ride

What once was Rockies producers’ hotshot ride to higher netbacks is to be remade as the “expressway to the markets” from the Marcellus and Utica shales. The Rockies Express Pipeline LLC (REX) is embarking on a “great reversal” with the aim of sparing Appalachia producers the pricing pain felt so deeply out west half a decade ago.

What once was Rockies producers’ hotshot ride to higher netbacks is to be remade as the “expressway to the markets” from the Marcellus and Utica shales. The Rockies Express Pipeline LLC (REX) is embarking on a “great reversal” with the aim of sparing Appalachia producers the pricing pain felt so deeply out west half a decade ago.

Sempra Energy plans to ride the growing U.S. bandwagon for exporting plentiful domestic supplies of liquefied natural gas (LNG) through a $7 billion joint venture (JV) and midstream master limited partnership (MLP) centered on its under-used Cameron LNG receiving facility in Louisiana, said CEO Debra Reed, who spoke to analysts Thursday in San Diego.

In addition to investing in its California utilities, Sempra Energy plans to ride the growing U.S. bandwagon for exporting plentiful domestic supplies of liquefied natural gas (LNG) through a $7 billion joint venture and midstream master limited partnership (MLP) centered on its under-used Cameron LNG receiving facility in Louisiana, according to CEO Debra Reed, who spoke Thursday at a Sempra financial analysts’ conference in San Diego.

The cash market continued this week’s roller-coaster ride, returning to a fairly steep uphill track for most locations in recording gains virtually across the board Wednesday. Thursday lows getting to freezing or occasionally lower were the main driver of the bullishness, getting a small extra contribution from Tuesday’s screen advance of 3.8 cents.

Shares of BP plc took a roller coaster ride last week while the estimate of the amount of oil its leaking Macondo well has spewed into the Gulf of Mexico (GOM) was on the ascent.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.

While events in energy markets in 2009 did not resemble the roller-coaster ride of 2008, technological innovations that opened the floodgates for gas production out of shale plays changed the paradigm for the gas market, according to a state of the markets report issued Thursday by FERC’s Division of Energy Market Oversight.