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Warm Winter Continues to Suck Life Out of Northeast NatGas Forwards

January natural gas prices in the U.S. Northeast shed as much as 61 cents for the period between Dec. 4 and 10 as forecasts continue to be more reflective of spring temperatures than winter.

December 11, 2015

EIA Rolls Out Revamped NatGas Storage Report Testing Schedule

Well, that was fast! The Energy Information Administration (EIA) on Tuesday night released the October testing schedule of its revamped Weekly Natural Gas Storage Report, which expands its original three-region East, West and Producing classification to a five-region East, Midwest, Mountain, Pacific and South Central classification in order to better pinpoint where gas injections are taking place.

September 30, 2015

Brief — Port Arthur LNG

Federal Energy Regulatory Commission staff plans to prepare an environmental impact statement (EIS) for the Port Arthur Liquefaction Project and Port Arthur Pipeline Project involving construction and operation of facilities by Port Arthur LNG LLC (PALNG) and Port Arthur Pipeline LLC (PAPL), respectively, in Jefferson and Orange counties, TX and Cameron Parish, LA. The terminal is a project of Sempra affiliates (see Daily GPI,March 23). Comments should focus on the potential environmental effects, reasonable alternatives and measures to avoid or reduce environmental impacts. Comments are due by July 24 in dockets PF15-18-000 and PF15-19-000.

June 24, 2015

Natural Gas Basis Markets in Limbo as December Weather Still Uncertain

Natural gas forwards markets appeared to be taking a breather this week, with most market hubs shifting less than nickel from Monday to Wednesday, amid some see-sawing in Nymex futures and uncertainty in long-range weather forecasts.

November 20, 2014

Pending Lawsuit Forces Pennsylvania to Suspend New Oil and Gas Leases on State-Owned Land

Pennsylvania has negotiated a settlement with an environmental group that will temporarily bar the Department of Conservation and Natural Resources (DCNR) from issuing any new subsurface leases in state forests and parks until a Commonwealth Court can rule on a broader lawsuit this fall.

July 21, 2014

West Coast LNG Project Undeterred by Asian LNG Price Drop Prediction

A London-based oil/gas analyst on Thursday predicted a longer-term price drop for Asian-Pacific liquefied natural gas (LNG) prices, resulting from a combination of factors including anticipated U.S. LNG exports. For proposed West Coast export projects in the United States and Canada this could be problematic.

May 19, 2014

People

Jeff Shellebarger, 56, will take over as president of Chevron Corp. subsidiary Chevron North America Exploration and Production Co. on Aug. 1. Gary Luquette has helmed the unit since 2006, but he is retiring after 35 years. To help with the transition, Luquette plans to remain at Chevron until Sept. 1. Shellebarger joined Chevron in 1980 and now manages the IndoAsia business unit. As president of North America operations, Shellebarger would oversee exploration and production activity across all of the producer’s assets in the United States and Canada.

June 6, 2013

Imperial Not Rushing Into BC LNG Export Commitment

Amid forecasts that see no end to low gas prices across North America, overseas exports of liquefied natural gas (LNG) are being rated as a must for development of the Canadian version of shale supplies in northern British Columbia (BC).

May 7, 2012

Dominion: Sierra Club Can’t Stop Cove Point Exports

The Sierra Club said last Thursday a legacy agreement between it and a previous owner of the Cove Point LNG terminal site in Maryland will stop current owner Dominion from adding liquefaction and export facilities. However, during an earnings conference call Dominion CEO Thomas Farrell said the project is on track despite what the environmental group claims.

April 30, 2012

Montney Shale Operator Encouraged by Peace River Tests

A recent one-day retest of an Upper Montney Shale well in northeast British Columbia flowed at a rate of 8.9 MMcf/d, which further confirms a “large in-gas resource” at the Peach River Arch area, junior explorer Canada Energy Partners Inc. (CEP) said Monday.

December 14, 2010