storage

Robust gas production and storage numbers, coupled with low prices, create a “volatile and tricky” gas market, analyst says. read more

Chief Oil & Gas LLC, which was among the first companies to voluntarily disclose the chemicals used in their fracking operations, recently eliminated the storage of discarded drilling fluid in open reserve pits at drilling sites.

Enstor Inc. is accepting binding bids for firm storage capacity at its four U.S. facilities from Wednesday through Dec. 15. Terms of one to five years are available for service beginning April 1, 2011.

Koch Pipeline Co. LP Monday said it expects to have corporate approval by year-end to expand its South Texas Crude oil system to serve producers in the Eagle Ford Shale in South Texas.

Lower natural gas prices will have an effect on National Fuel Gas’ (NFG) bottom line in 2011, but the company will continue to ramp up its drilling operations in the Marcellus Shale during the year, CEO David F. Smith said during a conference call with financial analysts Friday.

There is very little not to like about shale gas from the perspective of Southern California Edison Co. (SCE), one of the largest electric utilities in the nation and the consumer of 2% of the nation’s annual natural gas demand and 17% of California’s demand. For SCE shale is a “game-changer” and a buffer against wholesale gas price spikes.

Citing limited operational flexibility, mild weather and testing at its Harrison storage field, Tennessee said a systemwide OFO Action Alert will become effective Thursday until further notice for all Balancing Parties. They are required to maintain an actual daily flow rate not exceeding 2% of scheduled quantities or 500 Dth, whichever is greater, for overdeliveries into the system and undertakes from it.

Pacific Gas and Electric did not extend a two-day systemwide high-inventory OFO beyond Thursday.

The first cavern at the Golden Triangle Storage facility near Beaumont, TX, has entered initial commercial operations, AGL Resources said Thursday. Full commercial service of about 6 Bcf of working capacity is expected to begin after dewatering in December.