Year

While FERC action on a rehearing request is still pending (see Daily GPI, April 11), backers of the Jordan Cove liquefied natural gas (LNG) project along the south-central coast of Oregon said Thursday that they expect to have two engineering, procurement, construction (EPC) contracts for the project and additional tolling agreements in place later this year.

Rex Energy Corp. continued to make progress on a series of balance sheet initiatives to shore up its liquidity during the second quarter, while it steadily drilled acreage in Pennsylvania to hold it by production and made in-roads in the Utica Shale.

August natural gas is set to open unchanged Thursday morning at $2.66 as traders await storage data that is expected to confirm the pervasive contraction in the storage surplus. Overnight oil markets were mixed.

The Obama administration’s upcoming review of 2017-2025 model year light-duty vehicle fuel-efficiency and emission standards needs to be reaffirmed and continued, representatives from the Environmental Defense Fund (EDF) said Monday.

August natural gas is expected to open 4 cents higher Thursday morning at $2.83 before a government report that is expected to show additions to supply far less than historical averages. Overnight oil markets rose.

Capital discipline, operational efficiency and well optimization have kept the Appalachian Basin’s leading oil and natural gas producers afloat over the last 18 months amid a severe commodities downturn but the trend also has given way to technological breakthroughs.

Retail natural gas utility bills will be up 2-4% this summer in Colorado, according to a filing on Wednesday to state regulators by Xcel Energy Inc.’s Denver-based combination utility, Public Service Company of Colorado. The rise comes despite the fact that gas commodity prices decreased for 3Q2016 compared to the same period last year. The higher monthly bills are caused by increases in other costs that were captured in a general rate case that went into effect early this year. Gas commodity costs for the third quarter are 33 cents/therm for residential customers, compared to 34.2 cents/therm for the same period last year; for small businesses the rate is 32.7 cents/therm in 3Q2016, compared to 33.89 cents/therm for with 3Q2015. Average bills are estimated to be $22.02/month for residential customers and $82.25 monthly for small businesses, compared to $21.18 and $80.60 for residential and small business customers, respectively, last year in the same quarter.

Henry Hub natural gas prices will average $2.25/MMBtu this year, the Energy Information Administration (EIA) forecast Tuesday, up 7 cents from the agency’s previous prognostication. It was the first time EIA has increased its 2016 forecast in nearly a year.

Henry Hub natural gas prices will average $2.25/MMBtu this year, the Energy Information Administration (EIA) forecast Tuesday, up 7 cents from the agency’s previous prognostication. It was the first time EIA has increased its 2016 forecast in nearly a year.