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CFTC: Full Funding Key for Market Surveillance

The chairman of the Commodity Futures Trading Commission (CFTC) Tuesday called on a Senate panel to support President Obama’s request for additional funds for the agency in fiscal year (FY) 2014 so that it can protect the derivatives and futures markets from fraud, manipulation and other abusive practices.

June 27, 2013
Colorado Readies E&P Groundwater Monitoring Project

Colorado Readies E&P Groundwater Monitoring Project

Colorado regulators and exploration and production companies (E&P) are working together to advance a new groundwater monitoring program that would monitor data at existing drilling sites and drinking water wells in one of the most heavily drilled areas of the state, Weld County.

June 27, 2013

Goldman Sachs Report Fires Up Anti-Oil Pipeline Forces

A research report from Goldman Sachs was touted Monday as further support for why the U.S. State Department should reject the proposed northern portion of the TransCanada Corp. multi-billion-dollar 1,700-mile Keystone XL oil pipeline stretching from Alberta Canada to the Gulf of Mexico (GOM).

June 12, 2013

Truck, Bus Fleets Keep Speeding to CNG

A national trucking fleet has landed a Pennsylvania state grant for nearly $500,000 to support its development of a compressed natural gas (CNG) fueling station in Beaver County, while Waco, TX-based Central Freight Lines Inc. recently purchased 100 CNG Freightliners trucks.

May 28, 2013

Cameron LNG Tolling, JV Agreements Signed

Sempra Energy, Mitsubishi Corp. and Mitsui & Co. Ltd. have signed 20-year tolling capacity and joint venture (JV) agreements to support the development, financing and construction of a liquefied natural gas (LNG) export facility at the site of the Cameron LNG receipt terminal in Hackberry, LA.

May 20, 2013

Cameron LNG Tolling, JV Agreements Signed

Sempra Energy, Mitsubishi Corp. and Mitsui & Co. Ltd. have signed 20-year tolling capacity and joint venture (JV) agreements to support the development, financing and construction of a liquefied natural gas (LNG) export facility at the site of the Cameron LNG receipt terminal in Hackberry, LA.

May 17, 2013

Industry Brief

Cardinal Midstream II LLC has secured a $200 million equity commitment from EnCap Flatrock Midstream to support midstream infrastructure development in conventional and unconventional resource plays, particularly in Texas, Louisiana, Oklahoma and New Mexico. Cardinal is focused on natural gas and crude oil gathering, compression and centralized production facilities, condensate stabilization, vapor recovery, and natural gas treating and processing. With the new commitment, Cardinal is led by CEO Doug Dormer and President Marc Lyons. Mark Ward has joined the company as COO. Ward has more than 30 years of engineering, operations and project management experience in the upstream and midstream.

May 16, 2013

Plains Expanding Deepwater Operations in Louisiana

Houston’s Plains Exploration & Production Co. is building a facility in Broussard, LA, to support its deepwater Gulf of Mexico (GOM) operations, according to the Lafayette Economic Development Authority (LEDA).

May 14, 2013

SGICC Crowns Three Winners in Shale Gas Innovation Contest

After choosing 12 finalists from more than 70 applicants, Ben Franklin Technology Partners’ Shale Gas Innovation and Commercialization Center (SGICC) on Tuesday selected the three winners of its 2013 Shale Gas Innovation contest aimed at recognizing and promoting small- and mid-sized businesses behind emerging technologies in the Appalachian region’s growing natural gas industry.

May 9, 2013

Industry Briefs

Legislation to extend tax credits that support the conversion of conventional vehicles to run on cleaner fuels, such as natural gas, is awaiting the signature of Oklahoma’s governor after passage by the state House. The incentive, which covers about half the cost of converting a typical vehicle and three-quarters of the cost of establishing an alternative fueling station, will be extended until 2020. The incentives are expected to cost the state — a major natural gas producer — $1.5-2 million per year.

May 8, 2013