Natural Gas – Page 267 – Oil & Gas 360

NatGas Turbines Replacing Coal-Fired Generation in Ohio

November 17, 2014

Private Equity Partnership Announced to Construct NatGas Power Plant Energy Investors Funds (EIF), an energy-focused private equity firm, and I Squared Capital, an independent global infrastructure investment manager, announced that they have formed an equity partnership to construct the Oregon Clean Energy Center (OCEC), a greenfield 869 megawatt combined-cycle fired generation facility to be located in Oregon, Ohio. EIF, through

Two Natural Gas End User Solutions Move Ahead in Pennsylvania, Texas

November 5, 2014

Innovation: small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale region with at least a dozen 20 megawatt (MW) electrical generation stations to support regional production. The stations are intended

$1.6 Billion Gas Deal Warms Europe, Ukraine

November 3, 2014

Moscow insists on payment up front Late last week, the EU, Russia and Ukraine struck a long awaited deal to supply Russian gas to Ukraine and Europe this winter. “EU officials said both Russia and Ukraine had bargained hard for commitments from the Western bloc,” according to Reuters, “with Moscow looking for EU cash to help Ukraine pay off debts to Gazprom (ticker: GAZP)

Two More U.S. LNG Export Projects Move Forward

October 30, 2014

Cove Point Begins Construction, Freeport Secures Financing Japanese/Asian Customers Lock Up Capacity of Both Projects With three years of governmental review and permitting out of the way, Dominion (ticker: D) announced today it has begun construction activities on its Cove Point LNG Export project on the western shore of the Chesapeake Bay in Maryland. The estimated price tag to add

Higher Heat Content of NatGas Points to Ethane Rejection: EIA

October 24, 2014

The EIA has begun tracking heat content of end-use natural gas, providing state-to-state comparisons of natural gas consumption. Gas in states with heavy ethane rejection generates more British Thermal Units (Btus) per cubic foot than states whose gas content is closer to pure methane. High-Btu natural gas contains higher concentrations of natural gas liquids (mostly ethane and some propane) that have higher

Natural Gas Price Forecast: Is the Crude Oil Swoon a Sign of Things to Come?

October 23, 2014

The drop in crude oil prices is well documented, but will natural gas follow suit with winter approaching? The West Texas Intermediate spot prices closed at a two year low of $80.52 yesterday, down a total of $19.90 in the last three months (22.9% overall). Price cuts from Saudi Arabia have prompted the market to focus solely on supply news

Transportation Fuel: Is Natural Gas the Key for the Long Haul?

October 14, 2014

A few years ago, electric cars made a splash in the transportation landscape by presenting an alternative to traditional diesel or gasoline powered vehicles. Sales have increased to 114,530 units sold in 2013 from 17,724 units sold in 2011 (a 546% increase). Customers now have the option of choosing from 18 different models compared to just two at the beginning

LINN Energy Executes Next Step of Game Plan with $2.3 Billion Asset Sale

October 3, 2014

LINN Energy (ticker: LINE) announced the sale of $2.3 billion in assets on October 3, 2014. The sale comes, as promised, to finance its previous acquisition of $2.3 billion in assets from Devon Energy. The Devon purchase was announced in June and closed in August. LINN is making strides in rebalancing its portfolio. In its Q2’14 conference call, management said

Cold Winter Predictions Push NatGas Prices Up as Oil Slides

September 30, 2014

Today the EIA put out its September Natural Gas Monthly, with data through July 2014. In the report, the U.S.’s July dry gas production of 70.4 Bcf/day set the record for “the highest ever for any month,” the EIA said. But total consumption of natural gas fell short of production by almost 10 Bcf/day in July, which was the lowest

Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

September 8, 2014

The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States. “Total natural gas production in the Utica Region, which includes the Utica and Point Pleasant formations, increased from 115 million cubic feet per day (MMcf/d) in 2012 to an estimated

Natural Gas Revisited: What will Storage Builds do for Spot Prices?

September 4, 2014

The Energy Information Administration reported a build of 79 Bcf for the week ended August 29, 2014, in its latest Weekly Storage Report. The new inventory total of 2,709 Bcf is 471 Bcf less than 2013 and 495 Bcf below the five-year average (approximately a 15% difference). The build marks the 18th straight week of gains greater than 74 Bcf,

EIA Report: June Dry Gas Production 70.2 Bcf/day, Consumption 58.2 Bcf/day

August 29, 2014

The EIA released its August Natural Gas Monthly report, including production data through June as follows: Preliminary dry gas production for June 2014 of 2,106 billion cubic feet (Bcf) or 70.2 Bcf/day. This is the fourth consecutive month where the Bcf/day dry production value set the record for the highest ever for any month. June’s 70.2 Bcf/day is a slight

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