Noble Energy Inc. and CONSOL Energy Inc. have clinched their joint venture agreement to develop a swath of Marcellus Shale properties in southwest Pennsylvania and northwest West Virginia, the companies said Monday.
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Encana Puts Barnett Properties Up for Sale
Encana Corp. last week put a “for sale” sign on its Barnett Shale properties in North Texas, a 52,000 net acre swath of natural gas-rich land that currently produces 125 MMcfe/d.
Maine PUC Conditionally Approves Gas Pipeline, Utility
Maine regulators on Tuesday conditionally approved plans to build an 80-mile pipeline that would bring natural gas service to a swath of the state for the first time. The eight-inch diameter transmission pipeline would run through more than dozen towns from Richmond to Madison in the Kennebec Valley region.
New Cold Snap Rallies Nearly All Points
With low temperatures around freezing or less due Tuesday across a broad swath of territory stretching from the Northeast through parts of the Midwest, Midcontinent and Upper Plains into the Rockies and including much of Canada, prices recorded gains that were mostly in single digits at a large majority of points Monday.
Newfield’s Woodford Shale Output Reaches ‘New Highs’
Newfield Exploration Co.’s Midcontinent operations, which cut across a generous swath of the Woodford Shale from Oklahoma into the Texas Panhandle, reached “new highs” in 3Q2009, with production jumping almost a third from a year ago, the Houston-based independent said last week.
Newfield’s Woodford Shale Output Reaches ‘New Highs’
Newfield Exploration Co.’s Midcontinent operations, which cut across a swath of the Woodford Shale from Oklahoma into the Texas Panhandle, reached “new highs” in 3Q2009, with production jumping almost a third from a year ago, the Houston-based independent said late Wednesday.
Dene First Nation Threatens to Halt Mackenzie Gas Pipe Project
The Dene First Nation on Wednesday threatened to withhold its support for the Mackenzie Gas Project (MGP) unless the Canadian government moves to protect a huge swath of land in the Northwest Territories. The aboriginal group lays claim to land that covers about 40% of the proposed pipe route.
Cold Snap Keeps Prices Firm; Transco Zone 6 Hits $20 Again
Just when many people thought it was safe to say goodbye to winter, frigid temperatures once again occupied a large swath of high natural gas-demand regions, putting upward pressure on cash prices in a number of areas around the United States. For a second day in a row, Transco Zone 6 NY on Tuesday saw a high of $20 while averaging more than $17.50, an increase of more than $5/MMBtu from Monday’s average. Most other Northeast points also saw gains
Mild Weather Continues to Ease Gas Supply-Demand Strain
With winter weather conditions still in mostly hibernation for a large swath of the United States, and natural gas prices plummeting as a result, the question within the energy industry remains how long can the unseasonably warm conditions last? Unfortunately, the answer is: it depends on whom you ask.
Northwest Fires Knock out Two BPA Lines
The U.S. Pacific Northwest’s wildfires continued their swath ofdestruction as the week wound to a close, with blazes so hot thattwo major power lines that deliver electricity to the Northwestmelted. Electricity service was back on Friday afternoon, saidofficials, after an electronic system designed to detect problemslike excessive heat switched service to back-up lines.