Stayed

While other proposals regarding hydraulic fracturing (fracking) stayed immobile, the California Senate Natural Resources Committee on Tuesday moved on a strictly partisan vote of 5-3 a proposed bill (SB 1054) that would require exploration and production (E&P) companies to notify surrounding property owners of their plans to employ fracking ahead of starting work. The industry is opposed to pre-notification on proprietary grounds.

Marcellus Shale development in Pennsylvania continued to remain level in February.

Next-day gas prices continued to erode Thursday except for in the Northeast, where a handful of points picked up between 10 to 20 cents. Weakness was widespread but was most pronounced at Wyoming points and locations eastward into the Midcontinent. Increases in the Northeast were only partially able to offset the general decline. Futures bears were pleased with the 10:30 a.m. EST storage report, which showed a withdrawal somewhat less than expectations.

Texas House lawmakers Wednesday approved a bill that would require disclosure of the contents of hydraulic fracturing (fracking) fluids used in natural gas wells in the state.

A lot has changed over the last year, but one thing that’s stayed the same is a disparity between the Natural Gas Act (NGA) and the Federal Power Act (FPA) that prevents gas end-users from recouping transmission overcharges the way their counterparts do on the power side, according to Dave Ciarlone, manager of global energy services for aluminum producer Alcoa Inc.

A lot has changed over the last year, but one thing that’s stayed the same is a disparity between the Natural Gas Act (NGA) and the Federal Power Act (FPA) that prevents gas end-users from recouping transmission overcharges the way their counterparts do on the power side, according to Dave Ciarlone, manager of global energy services for aluminum producer Alcoa Inc.

Mixed price movement returned to the market Friday following losses at virtually all points a day earlier, but mostly moderate softness stayed highly dominant.

Mixed price movement returned to the market Friday following losses at virtually all points a day earlier, but mostly moderate softness stayed highly dominant.

While the two partners stayed mum, active solicitation of potential buyers by investment bank Lazard Ltd. has stirred speculation that an announcement is coming soon on the European Commission-mandated sale of the Royal Bank of Scotland’s (RBS) 51% stake in a joint venture commodities trading operation with San Diego-based Sempra Energy. The U.S. energy holding company has made clear that it wants to remain in the highly lucrative trading space.