In The News

Deep Panuke's NatGas Supplies Might Find Opening in New England
Tuesday, 08/06/2013

(NGI’s Daily Gas Price Index – August 5, 2013) Deep Panuke's NatGas Supplies Might Find Opening in New England

Encana Corp. was given the green light on Friday to start up the long-awaited Deep Panuke natural gas project offshore Nova Scotia.

The Canada-Nova Scotia Offshore Petroleum Board issued the operations authorization, which allows Encana to begin flowing gas from the reservoir to a production field center installed offshore. Ultimately, the center would transport gas to onshore markets.

The OK was authorized after the board completed an...

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FocusUS refiners lose advantage of large Brent, WTI spread
Tuesday, 07/30/2013

(ICIS - July 24, 2013) FocusUS refiners lose advantage of large Brent, WTI spread (by Al Greenwood)

http://www.icis.com/

HOUSTON (ICIS)--US refiners, mainly in the Midwest, have lost the advantage of the wide double-digit spread between Brent and West Texas Intermediate (WTI), which allowed them to benefit from large profit margins.

WTI prices were depressed because much of the oil was stranded in the interior of the US, away from refineries along the nation's coasts, said Phil Flynn, senior market analyst for the...

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Pipeline to be reversed to serve mystery Utica shale producer
Wednesday, 07/17/2013

(Marcellus Drilling News - July 16, 2013) Pipeline to be reversed to serve mystery Utica shale producer (by Bob Downing)

What a difference a year makes. Last August, RBN Energy President Rusty Braziel said the Rockies Express Pipeline (REX), which originates in Rio Blanco County, Colorado and sends gas to Monroe County, Ohio, was in danger of drying up because there’s so much shale gas coming from the Marcellus. His prescription? Turn it around and send gas the other way (see...

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Surge in U.S. oil-by-rail suffers first slowdown as spreads slim
Friday, 06/14/2013

(Chicago Tribune - June 14, 2013) Surge in U.S. oil-by-rail suffers first slowdown as spreads slim (by Jonathan Leff and Nia Williams, Reuters)

http://www.chicagotribune.com/business/sns-rt-us-usa-oil-railbre95d0bu-20130614,0,5678635.story

NEW YORK/CALGARY (Reuters) - Oil traders are gently tapping the brakes on the thriving business of shipping U.S. and Canadian crude oil by rail, industry data showed this week, the first...

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Production seen flat or rising this year and next
Friday, 06/14/2013

(Platts Gas Daily – June 11, 2013) Production seen flat or rising this year and next

www.platts.com

Rig counts are hovering near 14-year lows. Wellhead prices are having a hard time holding above $4/MMBtu. And traditional gas drillers are increasingly shifting toward basins rich in oil and liquids.

Yet many analysts see overall dry gas production levels holding steady this year and next, perhaps even rising modestly, driven by a confluenceof factors both upstream and midstream, according to a Platts analysis.

Among those...

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