In The News

Marcellus hurting REX, Rockies producers should look west: analyst
Friday, 08/17/2012

(Platts Gas Daily August 17, 2012)  Rocky Mountain gas producers need to start finding additional markets on the Gulf Coast or West Coast because gas flowing east on the Rockies Express Pipeline is being displaced by new volumes from the Marcellus Shale, a veteran gas analyst said Thursday in Denver. “The competition is coming from the Marcellus,” RBN Energy President Rusty Braziel told the Colorado Oil & Gas Association’s Energy Epicenter conference. “The Marcellus is growing like crazy and it’s going to continue to be crazy for the next few years.”

As a result, “REX won’t be...

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Argus: Marcellus holding up production for the rest of the Country
Tuesday, 07/03/2012

(Argus 7/3/2012) The Marcellus shale in Pennsylvania and West Virginia “has been holding up production for the rest of the country” in 2012, offsetting a downward trend in combined natural gas output from all other US basins since January, RBN Energy president Rusty Braziel said today.

Competition for pipeline space in the mid-Atlantic region during periods of peak cooling demand from customers withdrawing gas from storage and producers moving Marcellus shale volumes to the market...

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WSJ-For Energy Producers, Natural Gas May Not Be the Only Source of a Glut
Tuesday, 06/26/2012

(Wall Street Journal – June 26, 2012) By Tom...

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REUTERS: Seaway pipeline sends oil to Texas in historic reversal
Sunday, 05/20/2012

(Reuters 5/19/2012) - The Seaway pipeline began pumping crude from Cushing, Oklahoma, oil tanks to the heart of the U.S. refining industry in Houston on Saturday, marking a historic shift in the way oil flows across the United States.The first barrels went into the line about noon CDT (1700 GMT) Saturday and volumes were expected to increase within days to 150,000 barrels per day (bpd), spokesman Rick Rainey of operating partner Enterprise Products said by email. Enbridge Inc is a 50 percent partner in the project.

Analysts had mixed opinions whether the first crude down Seaway...

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Nearly All Points Slide; Futures Waft Lower
Sunday, 04/15/2012

NGI's Daily Gas Price Index (4/16/12) Nearly All Points Slide; Futures Waft Lower - The cash market slumped another five cents on average Friday with virtually all locations posting losses and Northeast locations suffering the greatest setbacks as hyper-warmth was forecast to return to the area on Monday. California points also weakened. Futures held relatively steady and at the close May had eased two-tenths of a cent to $1.989 and June had fallen eight-tenths of a cent to $2.084. May crude oil dropped 81 cents to $102.83/bbl.

Traders...

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