In The News

The Battle for Henry Hub, Part 2
Monday, 11/10/2014

(November 7, 2014) The Battle for Henry Hub, Part 2 – Energy Metro Desk [Vol 6, Issue 21, Pg 14]

Five years ago we ran a series of interviews with Rusty Braziel – then the Bentek managing director – about a massive new study his team had just produced on the deep impact of the opening of the REX pipeline and with it, Rockies gas flooding the East. The analysis called for basis markets blowing out all over the place and Henry Hub prices being crushed. Flows reversing. He was right on all counts. This...

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New Oil Shipment Shows Cracks in Export Ban
Tuesday, 11/04/2014

(November 4, 2014 – Wall Street Journal) New Oil Shipment Shows Cracks in Export Ban (By: Christian Berthelsen) 

A major energy company will soon sell U.S. oil abroad without explicit permission from the government, another sign that the decades-old federal ban on crude exports is crumbling.

BHP Billiton ’s deal to sell about $50 million of ultralight oil from Texas to foreign buyers without formal government approval is likely to be only the first of many such moves as energy companies seek new markets and higher...

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Prices Expected to Take Beating in Coming Gas-on-Gas War
Tuesday, 11/04/2014

(November 3, 2014 – NGI) Prices Expected to Take Beating in Coming Gas-on-Gas War (By: Joe Fisher)

The natural gas market has seen gas-on-gas competition before, but the mix-up coming between low-cost molecules from Appalachia with gas from liquids plays such as the Bakken Shale as well as the Permian and Anadarko basins will be something on a grand scale, according to a new analysis.

"We've seen this movie before, in the 2008-10 time frame when Rockies gas battled it out with new shale supplies from the Haynesville and Fayetteville. But this time there is...

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Hawaii Gas Files LNG Plans With State Regulators
Tuesday, 11/04/2014

(October 30, 2014 – NGI) Hawaii Gas Files LNG Plans With State Regulators (By: Richard Nemec)

Earlier this year, the gas utility, which operates the Kapolei SNG plant to satisfy Hawaii's gas fuel needs, received an initial containerized LNG shipment from Newport Beach, CA-based Clean Energy Fuels Corp. (see Daily GPI, April 10). It was projected by the utility to be the start of regular shipments from the mainland, allowing Hawaii Gas to use the LNG as a backup for its SNG operations.

In the filing to the Hawaii Public Utilities Commission (PUC) in mid-...

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Canadian crude exports to U.S. top 3 million bpd for first time
Monday, 10/13/2014

(October 8, 2014 – Reuters) Canadian crude exports to U.S. top 3 million bpd for first time (By: Nia Williams)

Canadian crude exports to the United States topped 3 million barrels per day last week for the first time, suggesting delays to new export pipelines such as TransCanadaCorp's Keystone XL were failing to check oil sands development.

Environmental groups are fiercely opposed to new pipeline projects connecting Alberta's oil sands to the United States and the east and west coasts, reasoning that without market access crude production will slow.

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