As goes the weather, so goes demand for U.S. natural gas supply this summer and beyond, with global turmoil a continuing wildcard, according to a veteran industry executive. Lower gas production has been attributed in part to planned maintenance, but the U.S. gas rig count also bears watching, Marex North America LLC’s Steve Blair, senior…
Wagner
Articles from Wagner
Brief — Pennsylvania Primary
Pennsylvania State Sen. Scott Wagner, who owns a waste-hauling business in south-central part of the state, has won the Republican primary to challenge Democratic incumbent Gov. Tom Wolf in the November general election. Wagner, whose acerbic style has been compared to President Trump’s, is a supporter of the natural gas industry, advocating to cut regulations and pushing back against repeated calls from Wolf to implement a severance tax on production. Wagner beat two other Republican candidates with about 44% of the vote. Wolf began his first term in office in 2015.
Gulfport Connects Three Utica Wells to Sales Pipelines
One week after revising its estimate for third quarter production, Gulfport Energy Corp. announced Tuesday that it has placed three wells targeting the Utica Shale in Ohio into production by connecting them to sales pipelines.
Industry Briefs
Oneok said it completed a $240 million purchase of East Texas gas and oil properties and related gathering systems from Wagner & Brown Ltd. of Midland, TX. The deal gives Oneok an additional 177 Bcfe of proved reserves with a reserves-to-production index of 12.4 years. The transaction was financed through short-term borrowings. Over the long term, Oneok will finance this transaction with available cash, the issuance of equity or a combination of both. “This transaction not only expands the Oneok footprint, but it reinforces the Oneok strategy of owning and controlling reserves,” said Oneok Chairman David Kyle.
GRI Restructuring Settlement Okayed
Chief Administrative Law Judge Curtis L. Wagner last weekcertified to FERC for its approval the Gas Research Institute (GRI)funding settlement that sets the stage for its seven-year journeyto become a voluntary-funded organization.