Same

Companies participating in NGI’s quarterly North American natural gas marketer survey reported nearly the same results in 4Q2011 as in the year-ago period, and a 1% decline in full-year 2011, compared with 2010. read more

Proving that different shale plays have different economics, Southwestern Energy Co. plans to cut spending in the Fayetteville Shale and increase spending in the Marcellus Shale this year, the company said Tuesday.

To deal with growing midstream activity in western Oklahoma and the emerging Mississippi Lime, SemGroup Corp., Gavilon Midstream Energy LLC and an affiliate of Chesapeake Energy Corp. plan to construct a 210-mile crude oil pipeline to carry supplies to a 1 million bbl storage facility in Cushing, OK.

Royal Dutch Shell plc is joining its brethren in staking out liquids-rich shale development in North America while at the same time it works to leverage value from its extensive natural gas portfolio, executives said last week.

Dominion Resources Inc. said last week interest is growing in the company’s proposal to turn the Cove Point liquefied natural gas (LNG) import terminal in Lusby, MD, into an export terminal (see NGI, Oct. 17, 2011).

After ending a previous Imbalance Warning in Zones 5 and 6 Tuesday, Tennessee implemented a new one Thursday in those zones. Conditions are the same as in the previous Imbalance Warning (see Daily GPI, Jan. 13). Based on currently available information, Tennessee now estimates that it will be able to place the Line 4 section between Main Line Valves (MLV) 208 and 209 back into service in a manner that will allow receiving volumes again from Rockies Express (REX) no earlier than mid-February. Line 4 was shut in and deliveries from REX at their Glouster, PA, interconnect were halted following a November rupture near MLV 205-4 in Morgan County, OH.

Hess Corp. announced Thursday that it would spend $6.8 billion in global capital expenditures (capex) in 2012, more than one-third of which would target unconventional sources in the United States, specifically the Bakken, Eagle Ford and Utica shales.

Tolls will stay the same on TransCanada Corp.’s troubled natural gas Mainline linking Alberta to Ontario, Quebec and border crossings into the United States until a prolonged rate case sorts out its future.

Tolls will stay the same on TransCanada Corp.’s troubled natural gas Mainline linking Alberta to Ontario, Quebec and border crossings into the United States until a prolonged rate case sorts out its future.