Under

Industry Partner Sought for Tennessee Natural Gas, Oil Impact Study

The University of Tennessee’s Institute of Agriculture (UTIA) is seeking an industry partner for a proposed research project to investigate impacts of natural gas and oil exploration, as well as development from shale formations, in East Tennessee and the wider region.

June 13, 2013

Cash Moves Higher on Warmth While July Futures Notches Three-Month Low

The overall cash market added just under a dime on average as forecasts for warmer temperatures, pipeline restrictions and higher power prices at eastern points paved the way for well-bid cash trading. Rocky Mountain quotes were firm as well. At the close of trading July futures fell 2.8 cents to $3.800 and August was off 2.7 cents to $3.821. July crude oil eased 26 cents to $95.77/bbl.

June 11, 2013

Goldboro LNG Gets European Customer

The Western European gas market would receive liquefied natural gas (LNG) from the Goldboro LNG project in Guysborough, Nova Scotia (NS) under a long-term sales agreement struck by terminal developer Pieridae Energy (Canada) Ltd. and E.ON Global Commodities SE (EGC), a unit of E.ON SE, one of the world’s largest investor-owned power and gas companies.

June 10, 2013

Interior Extends Comment Deadline for Draft Fracking Rule

Interior Secretary Sally Jewell told a Senate panel Thursday that the public comment period on the proposed hydraulic fracturing (fracking) rule would be extended by 60 days, giving producers, state regulators and environmentalists a total of 90 days to pore over the 171-page document.

June 10, 2013
Wolfberry-Focused Independent Files for $345M IPO

Wolfberry-Focused Independent Files for $345M IPO

Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.

June 7, 2013

Industry Brief

Under a five-year memorandum of understanding (MOU), Sandia National Laboratories and SRI International have partnered to explore, test and evaluate a range of hydrogen and natural gas fuel systems and components for transportation. The MOU is the first agreement in Sandia’s new Center for Infrastructure Research and Innovation (CIRI), an alternative fuel research facility whose goal is to accelerate hydrogen and natural gas infrastructure technologies. The collaboration also will capitalize on research at Sandia’s Combustion Research Facility (CRF). CIRI will be located at Sandia’s Livermore Valley Open Campus, adjacent to the CRF.

June 5, 2013

Nova Scotia LNG Terminal Strikes European Sales Contract

The Western European gas market would receive liquefied natural gas (LNG) from the Goldboro LNG project in Guysborough, Nova Scotia (NS) under a long-term sales agreement struck by terminal developer Pieridae Energy (Canada) Ltd. and E.ON Global Commodities SE (EGC), a unit of E.ON SE, one of the world’s largest investor-owned power and gas companies.

June 4, 2013

SEC’s Natural Gas Price Tests Take Toll on E&Ps

Sharply lower natural gas prices in 2012 from 2011, used under required 12-month average price tests, resulted in significant negative revisions for many domestic gas- and liquids-weighted producers, rendering some current projects uneconomic and pushing a boat load of proved undeveloped reserves (PUD) out of the five-year development window, according to an analysis by Fitch Ratings.

June 3, 2013
North Dakota Governor Welcomes New Gas Pipeline

North Dakota Governor Welcomes New Gas Pipeline

With flaring of wellhead associated natural gas still hovering around 30%, state officials in North Dakota welcome the proposed new natural gas pipeline from the Bakken to Minnesota by a unit of Bismarck-based MDU Resources Inc., and the governor has pledged support for the pipeline’s development.

June 3, 2013

Mandated Natural Gas Price Tests Take Toll on U.S. E&Ps

Sharply lower natural gas prices year/year in 2012, used under required 12-month average price tests, resulted in significant negative revisions for many domestic gas- and liquids-weighted producers, which rendered some current projects uneconomic and pushed a boat load of proved undeveloped reserves (PUD) out of the five-year development window, according to an analysis by Fitch Ratings.

June 3, 2013