In the article “Senate Passes Pipeline Safety Reauthorization Bill” (see Daily GPI, Oct. 19), NGI incorrectly stated that a provision that would have grandfathered older pipelines from having to install certain safety devices had been removed from S. 275. In fact, senators included in the bill an amendment calling “for testing to confirm the material strength of previously untested natural gas pipelines located in certain areas.” The amendment would require tests on pipelines operating at more than 30% of specified minimum yield strength in densely populated or environmentally sensitive areas. Language requiring the use of automatic or remote-controlled shut-off valves “on transmission pipelines constructed or entirely replaced” after a final rule is issued remains in the legislation. NGI regrets the error.
Stated
Articles from Stated
Carrizo-Private Equity JV Targeting Utica Shale
A newly formed joint venture (JV) of Carrizo Oil & Gas Inc. and Avista Capital Partners has closed its first acquisition: 15,000 net acres in the Utica Shale in eastern Ohio and northwestern Pennsylvania at an average cost of less than $1,500/acre, Carrizo said. The deal is the second announcement from the company in the same week as it strengthens its finances to plow ahead in the shales.
Cabot, Range: Court Case Impact on Leases Should Be Minimal
Two companies operating in the Marcellus Shale announced this week that they do not believe a recent ruling by the Pennsylvania Supreme Court will have an impact on their substantial leaseholds in that state’s portion of the play.
Correction
In the story “EIA: Renewables Up, Gas Flat as Power Sources” (see Daily GPI, May 23), NGI incorrectly stated that the average price for natural gas used in power generation was $5.09/MMBtu a year ago. In fact, the average price paid for natural gas for power generation in February 2011 was $5.09/MMBtu, down 5.2% from the average price of $5.37/MMBtu paid in January 2011, and down 16% from the average price of $6.06/MMBtu paid in February 2010. NGI regrets the error.
Correction
In the article “Southwest Gas Shutoff Aftermath Lingers” (see Daily GPI, March 30), NGI incorrectly stated that during a severe freeze in February “some 40,000 retail gas customers experienced shut-offs in New Mexico, with thousands more in certain areas of southern Arizona.” The 40,000 number is incorrect. The sentence should read “Thousands more were affected in other areas of New Mexico and certain areas of southern Arizona.” NGI regrets the error.
Correction
In the article “New Mexico Lawmakers Set Probe of February Gas Outages” (see Daily GPI, March 15), NGI incorrectly stated that a February natural gas service outage left “40,000” New Mexico Gas Co. customers without service. The correct number was 28,000 outages caused by the severe freeze (Feb. 1-3). NGI regrets the error.
Gas Drilling Rules to be Unveiled for Delaware Watershed
Marcellus Shale operators — and drilling opponents — waiting for the Delaware River Basin Commission (DRBC) to issue proposed natural gas development rules should get their wish Thursday morning, officials said.
Cabot’s Growth Engine Fueled by Three Shale Plays
Houston-based Cabot Oil & Gas Corp., whose onshore operations are focused on three shale plays — the Marcellus, Eagle Ford and Haynesville/Bossier — said Tuesday it smashed quarterly production records in 3Q2010, with output hitting 36 Bcfe, which was a 41% jump year/year. Sequential production also rose 18%, exceeding guidance targets.
Producers Sue Interior to Gain Utah, Wyoming Leases
The Western Energy Alliance, which represents more than 400 natural gas and oil operators as well as six producers, last week filed a lawsuit to force the Interior Department’s Bureau of Land Management (BLM) to award 118 leases in Utah and Wyoming worth an estimated $4.5 million.
Producers Sue Interior to Gain Leases in Utah, Wyoming
The Western Energy Alliance, which represents more than 400 natural gas and oil operators as well as six producers, has filed a lawsuit to force the Interior Department’s Bureau of Land Management (BLM) to award 118 leases in Utah and Wyoming that are worth an estimated $4.5 million.
