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CGT Seeks Regulatory Approval for Pair of Marcellus Projects

Columbia Gas Transmission Corp. (CGT), a NiSource Inc. subsidiary, has applied for FERC approval of a pair of projects designed to collectively increase the company’s transportation capacity out of the Marcellus Shale by an additional 444,000 Dth/d.

May 16, 2013

Shale Revolution to Keep NatGas Prices ‘Historically Low’

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

May 14, 2013

Shale Advantage to Stay in North America, Moody’s Says

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

May 14, 2013
Marcellus Volumes, Capacity Prove Challenging, Says MarkWest CEO

Marcellus Volumes, Capacity Prove Challenging, Says MarkWest CEO

Building midstream infrastructure in the Marcellus Shale to keep up with growing natural gas volumes was a challenge in the first quarter, MarkWest Energy Partners LP CEO Frank Semple said Thursday.

May 13, 2013

Crestwood-Inergy Combo to Be Major Shale Patch Midstreamer

The Crestwood and Inergy companies are merging to create a $7 billion midstream business that will serve numerous big-name North American unconventional plays with existing assets and additional infrastructure to be developed or acquired, they said Monday.

May 7, 2013
Southwestern Nearly Doubles Marcellus Potential in Chesapeake Deal

Southwestern Nearly Doubles Marcellus Potential in Chesapeake Deal

Southwestern Energy Co., which has proved time and again that making money is possible in some of the onshore natural gas plays, on Monday cut a bargain deal that will nearly double its gassy acreage position in the Marcellus Shale of Pennsylvania.

April 30, 2013

U.S. Natural Gas Exports Continue to Climb

U.S. exports to Canada set their sixth record high in as many years, increasing by 3.6% at the same time Canadian exports to the United States continued on a downward trajectory, dropping by 4.7%.

April 29, 2013

U.S. Natural Gas Exports Continue to Climb

U.S. exports to Canada set their sixth record high in as many years, increasing by 3.6% at the same time Canadian exports to the United States continued on a downward trajectory, dropping by 4.7%.

April 26, 2013
Shale Market Approaching ‘Guillotine Moment’

Shale Market Approaching ‘Guillotine Moment’

The torrent of natural gas production coming out of North America’s shale plays reminds Jim Duncan, chief analyst and commodity market strategist at ConocoPhillips Gas & Power, of the opening lines of “A Tale of Two Cities,” Charles Dickens’ epic novel of the French Revolution.

April 19, 2013

Industry Briefs

Chevron Corp. increased its natural gas output in the first two months of 2013 at the same time it was collecting higher gas prices than it did a year ago. In the United States, net gas production in January and February averaged 1.256 Bcf/d, versus 1.170 Bcf/d for the full three-month first quarter of 2012. Global net gas output climbed 5.4% to average 5.291 Bcf/d in January and February, compared to 5.019 Bcf/d in 1Q2012. The producer, which is scheduled to release its 1Q2013 earnings report on April 26, said realized prices for U.S. gas averaged $3.06/Mcf in the first two months of this year, compared with $2.48 in 1Q2012. U.S. net oil-equivalent production increased to 663,000 boe/d in the first two months of 2013 compared with 651,000 boe/d in 1Q2012, but it was down from 4Q2012’s total of 674,000 boe/d because of maintenance activity in the Gulf of Mexico.

April 15, 2013