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SM Energy Sees Encouraging Results From Woodbine Test

SM Energy Co. is seeing encouraging results from a test well drilled in the Woodbine formation and has added about 10,000 net acres to its position on the northeastern edge of the Eagle Ford Shale in East Texas.

April 18, 2013

Exports Key for NGLs, Says Wells Fargo

While oversupply and pricing issues continue to be problematic, it is premature to write off natural gas liquids (NGL) with the prospect that increased U.S. natural gas exports would help bolster NGL trade, an equity research team at Wells Fargo Securities LLC said after meeting with two Houston-based NGL companies.

April 8, 2013

Newspapers on Jobs See Shale Impact Differently

In an article Tuesday, the Post looked to the future with a report, “European industry flocks to U.S. to take advantage of cheaper gas,” while the Times complained Monday that the “Jobs Boom Built on Cheap Energy Has Yet to Appear.”

April 4, 2013

Wells Fargo: Exports Hold Key for NGL Sector

While oversupply and pricing issues continue to be problematic, it is premature to write off natural gas liquids (NGL) with the prospect that increased U.S. natural gas exports would help bolster NGL trade, an equity research team at Wells Fargo Securities LLC said after meeting with two Houston-based NGL companies.

April 2, 2013

Marcellus Drives Antero Growth

While it let go of acreage in the Arkoma and Piceance basins last year, production from Antero Resources’ booming Marcellus Shale activities more than made up for their absence in the company’s portfolio of producing assets.

March 25, 2013

Williams Exec: ‘Crackers or Bust’ as Ethane Production Booms

While the debate rages over whether exporting liquefied U.S. natural gas is a good idea, stocks of natural gas liquids (NGL) are so abundant, export of some is viewed as a necessity. And in the United States, more chemical sector demand can’t come fast enough.

March 25, 2013

National Grid Digs In On Brooklyn/Queens Interconnect Pipe Project

Shoring up its infrastructure reliability in the New York City boroughs of Brooklyn and Queens while also courting new customers, National Grid said Friday it will begin construction of the Brooklyn/Queens Interconnect project this week, which will be the first pipeline to be installed in the area in 50 years.

March 25, 2013

Industry Brief

Most of the continental United States and northern Alaska will average warmer than normal this spring, while below-normal temperatures are expected for the Pacific Northwest and extreme northern Great Plains, according to the National Oceanic and Atmospheric Administration (NOAA). Spring promises little drought relief for Texas, the Southwest, the Great Plains or Florida, NOAA said. The temperature predictions dovetailed generally with a forecast issued recently by Andover, MA-based Weather Services International, which foresaw a spring warmer than usual in most of the eastern and central United States, but colder-than-normal temperatures are expected to dominate further west (see Daily GPI, Feb. 28).

March 22, 2013
Refocused on Appalachia, Antero Grew Production Last Year

Refocused on Appalachia, Antero Grew Production Last Year

While it let go of acreage in the Arkoma and Piceance basins last year, production from Antero Resources’ booming Marcellus Shale activities more than made up for their absence in the company’s portfolio of producing assets.

March 20, 2013

Xcel to Increase Colorado NatGas Generation, Charges

Minneapolis-based Xcel Energy Inc. on Friday filed with Colorado regulators plans to raise retail natural gas utility rates while keeping retail electricity charges basically flat. Xcel’s combination Public Service Company of Colorado asked to make the rate changes effective April 1.

March 20, 2013