Category: Natural gas

NiSource joins utility trend in forming MLP

NiSource has announced plans to spend about $8 billion to $10 billion over the next five to 10 years to expand and upgrade pipelines serving the Marcellus and Utica shale formations.  More »

West Virginia opens bids on drilling under Ohio River

Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two.  More »

Rigs targeting gas in U.S. gain on rise in Texas drilling

The rebound in gas rigs threatens to come at the expense of oil drilling, as U.S. crude has dropped by more than $10 a barrel over the past three months.  More »

Gasoline futures surge, crude prices decline

Gasoline futures gained 5.42 cents, or 2 percent, to end at $2.718 a gallon on the New York Mercantile Exchange.  More »

Hess planning IPO for midstream MLP

Several Hess midstream assets in North Dakota and Minnesota will be part of the offering.  More »

Dynegy’s CEO says the company is in it for the long run

Once Dynegy’s two deals close early next year, Dynegy’s workforce should grow from around 1,600 employees to 2,600.  More »

Crude advances after inventories drop to 8-month low

Oil for November delivery gained $1.24 to end at $92.80 a barrel.  More »

GE to give Penn State $10 million for gas drilling center

The Marcellus Shale in Pennsylvania is the most productive natural gas field in the country and has led to an energy boom in the state.  More »

Pennsylvania natural gas leaks among worst in nation

Costs to the state to replace the leaky pipes could run in to the billions, according to public utility officials.  More »

Panel: Don’t expect high natural gas prices any time soon

Panelists at a Houston energy forum said natural gas prices are likely to stay at relatively low prices because of the surge in production from shale.  More »

NOV completes leadership, business unit shuffle

National Oilwell Varco saw a lot of change in 2014, following the naming of its new CEO and the reorganization of its business units.  More »

U.S. crude falls for third day on dollar strength

Oil for October delivery dropped 66 cents to end at $92.41 on the New York Mercantile Exchange.  More »