If left unaddressed, pipeline shortfalls will put Canada’s oil industry at risk and will have “substantial negative impact” on the country’s economy, according to a report issued by the Canada West Foundation (CWF).
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Low Natural Gas Prices Prompt Wyoming Government Budget Cuts
Continued low prices for natural gas, which is the single largest source of revenue for Wyoming, have forced Gov. Matt Mead to ask state agencies to prepare budget cuts of up to 8%.
Natural Gas Key to Largest Investment Ever in Iowa
Orascom Construction Industries (OCI), Egypt’s largest company, on Wednesday agreed to make the largest single investment ever in the state of Iowa — $1.4 billion — to build a nitrogen fertilizer plant that would tap U.S. natural gas supplies.
Corridor Exploring Macasty Formation on Quebec’s Anticosti Island
Corridor Resources Inc. and partner Petrolia Inc. are conducting a three-part exploration program on Anticosti Island in the Gulf of Saint Lawrence to advance the “exploration and development potential of the vast shale oil prospect” on the 3,050 square-mile island, Corridor said.
North Dakota Delays Flaring-Fertilizer Project Decision
The North Dakota Industrial Commission on Monday delayed for further study a decision on a $1.1 million state grant for a pilot project to turn flared natural gas in the Bakken Shale into fertilizer for the state’s farming industry. The three-member commission of elected officials, including the governor, wants more study of the project’s feasibility.
State Helps Wyoming Town Where EPA Tested Water
Pavillion, WY — where the federal government’s testing of water led to early concerns about the use of hydraulic fracturing (fracking) in nearby natural gas wells — has begun a state-sponsored mitigation program installing cisterns for residents who have been, or potentially could be, impacted by contaminated water. To date, there is no conclusive evidence one way or the other.
Attorneys: Titles, Spacing, Pooling Are All Potential Issues in Ohio
Ohio’s laws addressing old leases and conservation issues could pose some unique challenges to proponents of energy development in the state’s portions of the Marcellus and Utica shales, two attorneys with the law firm Steptoe & Johnson LLP said during a presentation Wednesday.
Economists Recommend ‘Rulebook’ to Analyze Market Manipulation
There is a need for a single “rulebook” to analyze alleged market manipulations in the wholesale electricity and natural gas markets of the United States and European Union (EU), according to a pair of economists with The Brattle Group, who propose an economic framework that they say would assist compliance efforts by distinguishing behavior that is patently manipulative and identifying safe harbors for legitimate trading.
Economists Recommend ‘Rulebook’ to Analyze Market Manipulation
There is a need for a single “rulebook” to analyze alleged market manipulations in the wholesale electricity and natural gas markets of the United States and European Union (EU), according to a pair of economists with The Brattle Group, who propose an economic framework that they say would assist compliance efforts by distinguishing behavior that is patently manipulative and identifying safe harbors for legitimate trading.
Industry Brief
Dallas-based J-W Energy Co. said it is consolidating midstream activities currently conducted by subsidiaries J-W Gathering Co., J-W Pipeline Co. and Q-West Energy Co. into a single subsidiary, J-W Midstream Co. The goal of the new subsidiary is to expand J-W Energy’s presence as a full-service provider of midstream services to the upstream natural gas sector. J-W Midstream operates more than 400 miles of natural gas pipeline systems in Louisiana, Texas and Wyoming, and has the capacity to gather and treat more than 600 MMcf/d at 17 facilities, the company said.