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Oregon LNG Projects Chasing Customers, Suppliers

In the midst of many unsettled regulatory permitting issues from the local to federal levels, the two proposed liquefied natural gas (LNG) export projects in Oregon are stepping up the pace of their marketing efforts for both customers and gas suppliers to their envisioned tolling facilities.

October 18, 2013

More Than 1.4 Bcf/d of New Capacity Opening in Northeast

Tennessee Gas Pipeline and Texas Eastern Transmission are ready to “let ‘er rip” Nov. 1, opening up more than 1.4 Bcf/d of new pipeline capacity to New York, New Jersey and New England.

October 18, 2013

Midwest Buttresses Broader Losses; Futures Inch Higher

Natural gas for weekend and Monday delivery skidded 7 cents on average in Friday’s trading. Nearly all points recorded losses, with some locations falling deep into double-digit declines.

October 18, 2013
Canada Seeks Gas/Oil Export Markets Beyond the United States

Canada Seeks Gas/Oil Export Markets Beyond the United States

Preparations to spread gas and oil exports beyond traditional mainstay markets in the United States rank high on the Canadian government’s legislative agenda for the rest of this year and 2014.

October 18, 2013

People

BP plc has appointed Richard Herbert as COO, exploration, to succeed Mike Daly, who is retiring at the end of October after 28 years, eight as chief of the unit. Herbert would be based in London. Since 2009 Herbert has been executive vice president (EVP) of exploration for Calgary’s Talisman Energy. He began his professional career in 1984 with BP as an exploration geologist and spent 19 years at the company and then spent six years working at BP’s joint venture in Russia, TNK-BP, first as vice president of exploration and then as EVP of technology. Under Daly’s leadership, BP has accessed and expanded new deepwater exploration positions and led resource deals around the world for tight and shale gas opportunities, as well as oilsands projects.

October 18, 2013

When Gas Whips Coal, Nukes, This Enviro Cheers

The saying “the enemy of my enemy is my friend” aptly describes the relationship between natural gas and environmentalists. While gas is applauded by clean energy advocates for putting the screws to coal and nuclear power, hydraulic fracturing (fracking) and methane emissions keep it from “best friend forever” status among environmentalists.

October 18, 2013

Weekly Gains Seen Across The Board

Price-wise it was a solid week for natural gas as all regions of the country posted double-digit gains with the exception of the infrastructure-challenged Northeast. Only a handful of points slid into the loss column. Nationally, prices averaged a 13 cent gain to $3.74, while regionally the Rocky Mountains outdid everyone with a 21 cent gain to $3.74. The Northeast lagged the pack with a modest 4 cent advance. Of individual points, Northwest Sumas posted the greatest move rising 25 cents to $3.83 and Tennessee Zone 4 Marcellus had the largest loss of 49 cents to $1.47.

October 18, 2013

Minimal Impact from Rupture on TransCanda’s Nova Pipe

Service was restored late Thursday after repair of a rupture on a remote leg of TransCanada Corp.’s Nova natural gas pipeline grid in Alberta, enabling oilsands plants, which are its primary customers, to resume operating after brief interruptions.

October 18, 2013
Chaparral Doubles Marmaton Position with Cabot Deal

Chaparral Doubles Marmaton Position with Cabot Deal

Oklahoma City-based Chaparral Energy Inc. is doubling its position in the Marmaton Play in the Texas Panhandle and divesting noncore assets in the Ark-La-Tex region and Permian Basin as it transitions to a pure-play Midcontinent company in anticipation of an initial public offering (IPO) late next year.

October 18, 2013

Atlas Resource Well Results ‘Exhilarating,’ Outside Influences Painful

Atlas Resource Partners LP (ARP) reached record peak production during the third quarter, with newly acquired Raton and Black Warrior Basin assets representing almost half of the output, the Philadelphia partnership said Wednesday. However, “outside phenomena” could have a negative impact on hitting guidance, the CEO warned.

October 18, 2013