Service

Nuevo Midstream LLC is beefing up its gas processing and treating capacity in the Delaware Basin near Orla, TX, targeting service to producers that are pursuing the liquids-rich Bone Spring, Wolfcamp and Avalon Shale plays, the company said Wednesday.

Analysts at Standard & Poor’s Ratings Service (S&P) are asking themselves the same question that many in the energy industry are: “Will natural gas production ever come down?

Atlanta-based AGL Resources and Naperville, IL-based Nicor Inc. received approval of their merger from the Illinois Commerce Commission (ICC) last Wednesday, the final regulatory nod needed to create a natural gas distribution behemoth operating in seven states.

Moody’s Investors Service on Friday joined a chorus of energy analysts and lowered its assumptions for North American natural gas prices for the next two years. However, its two-year outlook for benchmark crude oil prices are higher.

Analysts at Standard & Poor’s Ratings Service (S&P) are asking themselves the same question that many in the energy industry are: “Will natural gas production ever come down?

Encana Corp. on Wednesday checked off another item on its “to do” list after agreeing to sell two natural gas processing plants that service the Cutbank Ridge area, which straddles Alberta and British Columbia (BC), to Veresen Inc. for C$920 million.

Atlanta-based AGL Resources and Naperville, IL-based Nicor Inc. received approval of their merger from the Illinois Commerce Commission (ICC), the final regulatory nod needed to create a natural gas distribution behemoth operating in seven states.

If Europe develops its shale gas resources, it will likely take its sweet time about it, according to a new report from Ernst and Young Global Ltd.

The U.S. Fish and Wildlife Service (USFWS) recently delayed by six months its determination of whether the Dunes Sagebrush Lizard (DSL) qualifies for protection under the Endangered Species Act. Oil and gas interests are watching the issue as they believe protection for the DSL would hinder oil and gas production in the Permian Basin.