Neil Parsan, the Ambassador of the Republic of Trinidad and Tobago, will host the inaugural meeting of the Global Gas Council in Washington, DC, Oct. 24-25. The purpose of the council is to create a dialog among the leading economies and companies that produce and consume natural gas, Parsan said. The agenda includes a reception at the Embassy of Trinidad and Tobago on the evening of Oct. 24 and a meeting at the Organization of American States 10 a.m. – 4 p.m. Oct. 25, followed by a joint reception with the Americas-Africa Business Forum that evening. More than 30 of the largest gas producing and consuming nations have been invited to participate. While attendance is by invitation only, “there are opportunities for industry to participate,” according to Parsan. For more information contact Adanna Taylor at the Embassy by e-mail at ATaylor@ttembwash.com.
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Industry Brief
In Pennsylvania, the Luzerne County Zoning Hearing Board will announce a decision on whether to allow a proposal by a midstream subsidiary of UGI Corp. to move forward at its next meeting on Sept. 4. UGI Energy Services Inc. wants to construct 27.4 miles of pipeline across Wyoming and Luzerne counties (see Shale Daily, Aug. 7). The balance of the project, 23.4 miles, would be a 24-inch diameter pipeline starting at the current terminus of UGI’s Auburn Pipeline in Wyoming and running southeast into Luzerne, with a new interconnection with the Transcontinental Gas Pipe Line (Transco) at West Wyoming Borough. The proposed compressor station would have three units with about 200,000 Dth/d of capacity. UGI also proposes to build four miles of 12-inch diameter pipeline, which would run south from the Transco interconnect and enter the city of Wilkes-Barre, where it would connect to the natural gas distribution system operated by UGI Utilities Inc., another subsidiary.
Two New York Towns Take Wait-and-See Approach to Fracking
Two municipalities in upstate New York have decided to remain neutral on the issue of high-volume hydraulic fracturing (HVHF) and will wait until the state Department of Environmental Conservation (DEC) issues its report on the practice.
DCP Midstream Doubling Up for DJ Basin Production
DCP Midstream LLC is in the process of doubling its natural gas processing capacity in the Denver-Julesburg (DJ) Basin by the end of 2014 as drilling and completion technologies unlock more gas, the company said.
UGI Pipeline, Compressor Station Subject to Public Hearing
In a bid to succeed in a part of Pennsylvania’s Marcellus Shale where two other companies have failed, officials with a midstream subsidiary of UGI Corp. will attend Tuesday night’s public hearing before the Luzerne County Planning Commission to field questions about the company’s proposal to build a natural gas pipeline and compressor station.
Whiting Increasing Its Presence in Emerging Shale Plays
Officials with Whiting Petroleum Corp. said the company is poised to meet its production guidance for the year, with increased drilling in emerging shale plays and a slight increase in capital expenditures (capex).
Cheap NatGas Draws Methanol Plant to Louisiana
Abundant regional supplies of natural gas helped Louisiana to score another economic development win with the announcement that Methanex Corp. will construct a $550 million methanol plant in the state.
EPA Fines Talisman $62K for Chemical Disclosure Violations
The U.S. Environmental Protection Agency (EPA) said Wednesday a subsidiary of Talisman Energy Inc. will pay more than $62,000 in fines to settle charges that the company violated hazardous chemical reporting requirements for the past three years at 52 natural gas drilling sites in Pennsylvania.
Magnum Hunter Grows Reserves, Oil/Liquids Exposure
Magnum Hunter Resources Corp. posted a 51% increase in estimated total proved reserves as of June 30 compared to the year-ago period, the shale-focused producer said.
Chesapeake Agrees to $3,500/Acre Signing Bonus in Salem, OH
Chesapeake Energy Corp. and the City of Salem, OH, have agreed to sign a three-year nondevelopmental lease, with an option for an additional three years, for 381 combined acres of land owned by the city. Chesapeake agreed to pay a signing bonus of $3,500/acre, plus 20% royalties on gross revenue on any production.
