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Texas Regulators, Industry Question Diesel Fuel Fracking Rules - Natural Gas Intelligence

Language included in the Energy Policy Act of 2005 (EPACT) relating to the use of diesel fuel in hydraulic fracturing (fracking) "is extremely unclear and is open to interpretation," making it unclear if the use of diesel fuel in fracking operations would be a violation of the Safe Drinking Water Act (SDWA), according to a Texas Railroad Commission (RRC) spokesman.
United States North Dakota Edwardj Markey Diana Degette Henrya Waxman Ramona Nye

Governor Shelves Pennsylvania Severance Tax Bill - Natural Gas Intelligence

Saying that imposing a severance tax on growing natural gas production in the Marcellus Shale could hurt his state's natural gas industry, Pennsylvania Gov. Ed Rendell on Monday announced that he was dropping the proposed 5% tax plan until at least next year.
Pennsylvania State University United States West Virginia Gary Tuma Intelligence Press Inc Marcellus Shale Committee

Anadarko Secures Capacity Agreements for Proposed LNG Terminal in Nova Scotia

Anadarko Petroleum Corp. has signed agreements for nominated capacity on a planned expansion of the Maritimes & Northeast Pipeline system to deliver volumes into Canadian and U.S. markets from the producer's planned Bear Head liquefied natural gas (LNG) import terminal, which is scheduled to start up in 2008.
Point Tupper Nova Scotia Bear Head United States Cape Breton Island Karl Kurz

Oregon PUC Approves Cascade Natural Gas Sale to MDU; WA Pending

The Oregon Public Utility Commission (PUC) last Tuesday approved the pending $475 million sale of Cascade Natural Gas to North Dakota-based MDU Resources Group Inc., following stipulations and a settlement filed with the PUC last month by MDU. Seattle-based Cascade serves retail natural gas customers in Oregon and Washington state, with its 54,633 Oregon customers concentrated in the central region including the towns of Pendleton, Hermiston and Ontario.
United States Lee Beyer Intelligence Press Inc Oregon Public Utility Commission Transportation Commission Resources Group Inc

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Futures Profit-Taking Subtracts 42.2 Cents Ahead of Weekend - Natural Gas Intelligence

Despite a major snowstorm that slammed the Plains and the Midwest Friday and was bearing down on the East, a number of natural gas futures traders took profits following a week of trading higher. January natural gas futures on Friday put in a low of $8.350 before closing at $8.422, down 42.2 cents on the day but 32.3 cents higher than the previous week's close on Wednesday (Nov. 22).
New York United States Jim Ritterbusch Steve Blair Rafferty Technical Research Intelligence Press Inc

CFTC's Gensler: Only Big Oil Producer/Traders Subject to Swap Rules

The final rules under the Dodd-Frank Act to be issued in the near future would make clear that only parties that "make markets for others on a routine basis," would be subject to rules governing swap dealers, Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler told a congressional committee last Wednesday.
White House District Of Columbia United States Gary Gensler Derivatives Association International Swaps

Societe Generale: More Bears in Sight for U.S. Gas Markets - Natural Gas Intelligence

The U.S. natural gas supply situation remained bearish at the end of March, despite "historic lows" in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale's Laurent Key and Stephanie Aymes.
United States Stephanie Aymes Societe Generale Laurent Intelligence Press Inc Haynesville Shale Societe Generale

California Still Hungry for More Gas Storage - Natural Gas Intelligence

After siting several independent underground natural gas storage facilities during the past decade, California's thirst for storage still has not been quenched, particularly in the northern half of the state. Thus, it is not surprising that a veteran associated with the earlier projects has a new one, but the proposed urban location is a bit eye-popping -- in the middle of the state capital's burgeoning population.
United States Jim Fossum Hub Properties California Public Utilities Commission Intelligence Press Inc Sacramento Natural Gas Storage

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