(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...
(Wall Street Journal – June 26, 2012) By Tom...
(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...
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...
(WSJ 4/11/2012) -Electricity Rates Slide and Coal Feels the Heat as Natural-Gas Prices Plunge. Plummeting natural-gas prices are pushing U.S. industries into virgin terrain, even beginning to dislodge cheap Western coal from its once-untouchable perch as the nation's favorite fuel for power production. On Tuesday, natural-gas futures settled at $2.03 per million British thermal units—just a hint above $2, the lowest price since January 2002.
By RUSSELL GOLD, REBECCA SMITH and DANIEL GILBERT
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