Texas

Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced Monday, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.

The seventh earthquake since May has rattled communities in the heart of the Barnett Shale region of North Texas, officials said Friday.

With bulls unable to latch on to any real supportive fundamentals other than some pockets of hot temperatures in Texas, the South and the West, August natural gas futures continued plumbing the downside on Tuesday. The front-month contract put in a low of $3.798 in morning trade before closing the regular session at $3.835, down 10.9 cents from Monday’s finish.

U.S. natural gas available for production has jumped 58% in the past four years, driven by improved drilling techniques and the discovery of huge shale fields in Texas, Louisiana, Arkansas and Pennsylvania, according to a report issued Thursday by the nonprofit Potential Gas Committee (PGC).

U.S. natural gas available for production has jumped 58% in the past four years, driven by improved drilling techniques and the discovery of huge shale fields in Texas, Louisiana, Arkansas and Pennsylvania, according to a report issued Thursday by the nonprofit Potential Gas Committee (PGC).

Texas Eastern said an unplanned outage at its Five Points (OH) Compressor Station (see Daily GPI, May 15) has been resolved and the station was returned to normal operation Friday. All restrictions on its 24-inch diameter system in the area were removed.

A Texas lawmaker wants to charge a 25 cent/boe fee for the transfer of liquefied natural gas (LNG), crude oil and petroleum products to or from marine terminals in order to support a $20 million fund that would pay for measures to combat coastal erosion. However, it is in doubt whether the fee would be in compliance with the U.S. Constitution.

Sacramento Municipal Utility District (SMUD) has signed a $21 million, 15-year deal to buy landfill gas in Texas from Shell Energy North America to expand its renewable energy supplies. The contract calls for 6 billion Btu/d.

TGT said it reduced capacity Tuesday on the Sharon Carthage Segment in northwest Louisiana and at Texas Eastern (location 2757) to 500,000 MMBtu/d due to unscheduled maintenance at Sharon (LA) Compressor Station. TGT tentatively estimates that the maintenance will be completed by the start of Saturday’s gas day.