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Despite softening natural gas prices, the Oklahoma Energy Index (OEI) has been on the rise after leveling off and taking a bit of a breather in recent months. May saw a new record for the index, which was launched in 1995, and expectations are that its upward trend will continue based on strong regional energy patch fundamentals.
Former White House antiterrorism adviser Richard Clarke issued a 159-page report last week that finds that not only are liquefied natural gas (LNG) tankers and urban import terminals vulnerable to "catastrophic" terrorist attacks, they also are "extremely attractive" terrorist targets and there is little that can be done to protect against such attacks.
Southern Star Central Gas Pipeline Inc. announced last week that it will extend by two weeks the binding open season for a project to provide incremental deliveries of up to 100,000 Dth/d of Midcontinent supplies to Enogex Inc.'s East Rate Zone near the Perry Compressor Station in Noble County, OK.
FERC on Friday issued a favorable environmental assessment (EA) for Alliance Pipeline LP's Tioga Lateral Project that would deliver liquids-rich natural gas from the Permian Basin to the Chicago market hub.
SGR Holdings LLC subsidiary SG Resources Mississippi LLC (SGRM) said it has closed a $100 million credit facility for its Phase III expansion of the Southern Pines Energy Center high-deliverability natural gas storage facility in Greene County, MS, and that Phase II is moving along right on schedule.