Stage

Sumitomo Looking for More U.S. Shale Gas Opportunities

Japan’s Sumitomo Corp. is reportedly looking to add more American shale gas investments to its energy portfolio and is shopping for new opportunities in shale oil, but it might wait to make a move on shale gas until natural gas prices are higher.

July 28, 2011

Transportation Notes

Pacific Gas and Electric issued a systemwide Stage 1 high/low-inventory OFO for Friday, setting penalties of 25 cents/Dth for either negative or positive imbalances exceeding a 10% tolerance.

July 8, 2011

Cabot Passes 400 MMcf/d Milestone in Marcellus

Thanks to recent upgrades to a compression station in northeastern Pennsylvania, Cabot Oil & Gas Corp. increased its Marcellus Shale production 35% in a single day, a sign of how infrastructure bottlenecks in Appalachia are crimping production rates.

May 26, 2011

Transportation Notes

Pacific Gas and Electric issued a systemwide Stage 2 high-inventory OFO for Saturday on its California Gas Transmission system, setting penalties of $1/Dth for exceeding a 5% tolerance on positive daily imbalances.

May 23, 2011

Transportation Notes

Pacific Gas and Electric kept a systemwide Stage 2 high-inventory OFO in place through at least Friday but loosened the tolerance for positive negative imbalances from 5% to 13%.

May 13, 2011

Transportation Notes

Pacific Gas and Electric declared a systemwide Stage 2 high-inventory OFO on its California Gas Transmission system for Thursday, setting $1/Dth penalties for noncompliance with a 5% tolerance on positive daily imbalances.

May 12, 2011

Kinder Buying Petrohawk’s Half of Haynesville JV

Kinder Morgan Energy Partners LP (KMP) is buying Petrohawk Energy Corp.’s half of the companies’ Haynesville Shale midstream joint venture, KinderHawk Field Services, and also acquiring a 25% interest in Petrohawk’s gas gathering and treating business in the Eagle Ford Shale, the companies said.

May 6, 2011

Transportation Notes

A day after ending a low-inventory OFO, Pacific Gas and Electric issued a systemwide Stage 2 high-inventory on its California Gas Transmission system for Friday, setting penalties of $1/Dth for exceeding a 5% tolerance on positive daily imbalances.

May 6, 2011

Transportation Notes

Pacific Gas and Electric issued a systemwide Stage 2 low-inventory OFO on its California Gas Transmission system, setting penalties of $1/Dth for exceeding a 5% tolerance on negative daily imbalances.

May 4, 2011

Transportation Notes

Pacific Gas and Electric did not extend a systemwide Stage 2 low-inventory OFO beyond Thursday.

April 8, 2011