Surprised

Anyone familiar with the Eagle Ford Shale shouldn’t be surprised that U.S. Capital Advisors analyst Cameron Horowitz would title his latest note on the play “South Texas Swagger.”

Anyone familiar with the Eagle Ford Shale shouldn’t be surprised that U.S. Capital Advisors analyst Cameron Horowitz would title his latest note on the play “South Texas Swagger.”

John Pinkerton, executive chairman of Range Resources Corp., said his company’s decision in 2010 to be the first to voluntarily disclose the contents of the chemicals it uses in hydraulic fracturing (fracking) was the right call, and one that now has received nearly unanimous industry support.

The Michigan Department of Natural Resources (DNR) has begun working with the state’s Attorney General’s Office to review allegations that Chesapeake Energy Corp. and Encana Corp. worked together to avoid competing in state lease auctions two years ago.

The project manager for the Jordan Cove liquefied natural gas (LNG) project along the south-central coast of Oregon told NGI late Monday that he was surprised by FERC’s move earlier in the day to vacate the project’s 2009 conditional approval to build an LNG import terminal and connecting 230-mile transmission pipeline (see Daily GPI, April 17). The project had expanded into a proposed import-export facility.

McMoRan Exploration Co. surprised analysts Tuesday after reporting that it swung to a profit in the final three months of 2011, propelled by increased natural gas-weighted output and lower operating expenses.

November natural gas gained in lackluster trading Wednesday as traders were surprised at the move given the big storage injection figure expected Thursday. At the close November was up 3.3 cents to $3.586 and December had added 2.5 cents to $3.813. November crude oil tumbled $2.23 to $86.11/bbl.

A unit of Boardwalk Pipeline Partners LP plans to build a $90 million gathering system in northeastern Pennsylvania to connect Southwestern Energy Co. wells in the region to the Tennessee Gas Pipeline Co.’s (TGP) Line 300.

An attempt by Williams late last month to snatch Southern Union Co. has forced Energy Transfer Equity LP (ETE) to strike back with a sweetened offer of $40/share.