Southeastern

Victory Energy Corp. said Thursday a carbonite formation well in southeastern New Mexico it holds an interest in has been successfully re-entered, five years after being plugged, and is now completed, fracked and producing oil and natural gas.

An investigation is ongoing into a rupture and explosion that occurred last week on a segment of Tennessee Gas Pipeline (TGP) in southeastern Ohio, but weld failure is suspected. The same Line 200-4 pipeline experienced a similar failure earlier this year, as did the Line 200-1 pipeline.

An investigation is ongoing into the Wednesday morning rupture and explosion on a segment of Tennessee Gas Pipeline (TGP) in southeastern Ohio, but girth weld failure is suspected. The same Line 200-4 pipeline experienced such a failure earlier this year, as did the similar Line 200-1 pipeline.

December futures continued their relentless retreat Wednesday as traders calculated that spot futures may have almost 18 cents more room to the downside and weather forecasts moderated again. At the close December had dropped 6.0 cents to $3.344 and January had shed 5.9 cents to $3.483. December crude oil vaulted $3.22 to $102.59/bbl.

In the heart of coal-fired and nuclear generation, the southeastern United States, natural gas is moving up fast in the power generation fuel mix, according to Southern Cos. CEO Thomas Fanning, who heads one of the region’s largest utilities.

In the heart of coal-fired and nuclear generation, the southeastern United States, natural gas is moving up fast in the power generation fuel mix, according to the third quarter earnings conference call for one of the region’s major utilities, Southern Cos.

The Appalachian region of southeastern Ohio provides supply chain companies with cost-effective and easy access to all of the states involved in the Marcellus and Utica shales, “while maximizing return on investment now and over the life of the shale gas reserves,” according to a white paper by the Ohio Business Development Coalition (OBDC). The state “is the ideal location” for Tier I and II suppliers to the shale gas industry, “offering a central location, logistics infrastructures, a skilled workforce and a favorable state tax structure,” according to the OBDC. Among the tax benefits touted by OBDC: Ohio does not tax products and services sold to customers outside the state.

Activity in the Delaware Basin of West Texas-southeastern New Mexico — specifically the Avalon and Wolfcamp shales and Bone Spring formation — has heated up enough for Nuevo Midstream LLC to take its gas processing plant near Orla, TX, out of mothballs. Separately last week Targa Resources Partners LP announced an anchor commitment to DCP Midstream LLC’s Sandhills Pipeline.

Activity in the Delaware Basin of West Texas-southeastern New Mexico — specifically the Avalon and Wolfcamp shales and Bone Spring formation — has heated up enough for Nuevo Midstream LLC to take its gas processing plant near Orla, TX, out of mothballs.