Split

Domestic natural gas production appeared to be “resilient” through October in the Energy Information Administration (EIA) monthly estimates, but energy analysts are split about whether those numbers are accurate, and whether an uptick in gas drilling will lead to a bigger supply surge in the coming months.

Domestic natural gas production appeared to be “resilient” through October in the Energy Information Administration (EIA) monthly estimates, but energy analysts are split about whether those numbers are accurate, and whether an uptick in gas drilling will lead to a bigger supply surge in the coming months.

EnCana Corp.’s share price shot up by more than 7.5% by midafternoon Friday after the company relaunched plans to split into two energy companies, one a North American-focused unconventional natural gas producer, the other an integrated oil company.

EnCana Corp.’s share price shot up almost 8% Friday after the company relaunched plans to split into two energy companies, one a North American-focused unconventional natural gas producer, the other an integrated oil company.

The cash market was approximately evenly split between rising and falling points Monday, but multi-dollar plunges at Northeast citygates definitively tilted the overall balance toward the bearish side. Blizzard-like conditions were forecast to continue in the Midwest, but the Northeast, South and much of the West would be relatively moderate for a day or two before the Northeast and Southeast begin to feel the pinch of severe winter weather.

In an attempt to mollify the courts, Dominion Cove Point LP and Washington Gas Light (WGL), FERC last Tuesday split the baby in a much-anticipated order, giving Dominion Cove Point the go-ahead to resume expansion of its liquefied natural gas (LNG) import terminal on Maryland’s eastern shore, while at the same time barring the flow of the additional expansion-related LNG volumes to WGL to shield its distribution system from further system leaks.

In an attempt to mollify the courts, Dominion Cove Point LP and Washington Gas Light (WGL), FERC Tuesday split the baby in a much-anticipated order, giving Dominion Cove Point the go-ahead to resume expansion of its liquefied natural gas (LNG) import terminal on Maryland’s eastern shore, while at the same time barring the delivery of any additional LNG volumes to WGL to shield it from further system leaks.

El Paso Corp.’s annual financial analyst meeting last week did nothing to quell talk that the company may restructure and split its bread-and-butter natural gas pipeline business from the exploration and production (E&P) unit to increase shareholder value. In fact, the CEO indicated it is a distinct possibility.

El Paso Corp.’s annual financial analyst meeting Wednesday did nothing to quell talk that the company may restructure its business to split its bread-and-butter natural gas pipeline business from the exploration and production (E&P) unit to increase shareholder value. In fact, the CEO indicated it is a distinct possibility.