Houston-based Plains Exploration & Production Co. is paying $5.55 billion for deepwater Gulf of Mexico (GOM) oil and gas properties it is acquiring from BP Exploration & Production Inc. and BP America Production Co. A separate deal with Shell Offshore Inc. in the GOM is worth another $560 million.
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High Prairie Awaits FERC Decision on Dispute over Enbridge Tie-in
High Prairie Pipeline LLC, a wholly-owned subsidiary of Durango, CO-based Saddle Butte Pipeline LLC, expects FERC to act soon on its complaint that Enbridge Energy Ltd. has discriminated against it by denying it an interconnection to deliver oil from the Bakken Shale formation to the market hub at Clearbrook MN, a spokesman said Tuesday (see Shale Daily, June 4).
Black Hills, NRG Differ on Impact of Coal-to-Gas Switch
Black Hills Corp. and NRG Energy Inc. officials last week offered decidedly different views on coal-to-natural gas switching during separate conference calls to discuss 2Q2012 earnings performance.
Driller Threatens to Sue Over New York Drilling Bans
Lenape Resources Inc., an oil and natural gas producer based in New York, is threatening to sue the state’s Department of Environmental Conservation (DEC) if the agency doesn’t advise three towns in Livingston County that they don’t have the authority to enact local drilling bans.
Polls: Public Opinion on Fracking in New York Mostly Unchanged
Two separate polls conducted in New York State have found that public opinion of hydraulic fracturing (fracking) hasn’t changed much over the past year.
Natural Gas Giving Coal An Uncertain Future, Analysts Find
After hundreds of years of being the dominant source for electrical power generation, separate reports by the commodity analysts and the media say the coal industry faces an uncertain future as natural gas prices remain low and utilities build new power plants fueled by natural gas.
Reports: King Coal Being Dethroned by Natural Gas
After hundreds of years of being the dominant source for electrical power generation, separate reports by the commodity analysts and the media say the coal industry faces an uncertain future as natural gas prices remain low and utilities build new power plants fueled by natural gas.
Industry Briefs
The Interior Department’s Bureau of Ocean Energy Management (BOEM) is seeking stakeholder comments on eight planned lease sales scheduled in the Central and Western Gulf of Mexico (GOM) over the next five years, excluding Lease Sale 229 in the Western GOM and Lease Sale 227 in the Central GOM because information for those sales has been completed. In late June Interior Secretary Ken Salazar issued the final version of the Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017, which includes 10 potential lease sales (see NGI, July 2) and BOEM now is asking stakeholders for information about potential leasing and development of these areas, including geological, environmental and biological conditions; archaeological resources, socioeconomic factors and potential concerns about conflicts with other uses. BOEM also is initiating the next stage of environmental and socioeconomic analysis for Western GOM Lease Sale 233 and Central GOM Lease Sale 231, proposed for 2013 and 2014, respectively, by publishing a notice of intent to prepare a supplemental environmental impact statement to build on the final environmental impact statement (FEIS) for the Western and Central GOM lease sales. The FEIS provides baseline analysis in support of 10 lease sales scheduled in the Central and Western GOM, and it evaluates baseline conditions and potential environmental effects of leasing, exploration and development in those two offshore regions.
Spectra Incidents Under Investigation in British Columbia
The Canadian Transportation Safety Board (TSB) is investigating the causes of two separate incidents affecting Spectra Energy Corp. facilities north of Fort St. John, British Columbia (BC).
Three LNG Export Approvals Granted
The U.S. Department of Energy (DOE) recently granted three separate authorizations for the export of domestic liquefied natural gas (LNG) to SB Power Solutions Inc. (SPS), Gulf LNG Liquefaction Co. LLC and Southern LNG Co. LLC. Exports are to be allowed to countries with which the United States has a free trade agreement (FTA).