Natural Gas

State industry report says Texas leading in gas output, employment

Source: 
Platts

A new report published by the Texas Independent Producers and Royalty Owners Association reports that the state continued to lead the nation in oil and gas output and energy jobs last year, Platts reports.

Oil

Targa buying Atlas Pipeline, Atlas Energy

HOUSTON (AP) — Targa Resources is buying Atlas Pipeline Partners and Atlas Energy in a deal valued at close to $6 billion, creating a huge energy transportation and storage company.

Targa Resources Partners LP, based in Houston, will pay $4 billion and assume $1.8 billion in debt for Atlas Pipeline. Each Atlas Pipeline unitholder will receive 0.5846 units of Targa Resources Partners and a one-time cash payment of $1.26 per Atlas Pipeline unit for total consideration of $38.66 per Atlas Pipeline unit.

N.D. officials highlight plastics factory, gas boom

Source: 
The Associated Press

North Dakota Gov. Jack Dalrymple and Sen. John Hoeven, R-N.D., joined Badlands NGL officials to announce plans for a $4 billion plastics plant that would limit natural gas waste and represent the largest private investment in state history, The Associated Press reports.

Brookings forum on Ukraine turmoil and Europe gas market

Washington, October 14, 2014, 2:00 pm

Brookings Institution forum, "The Ukraine Conflict and its Impact on the European Gas Market." Speakers include Tatiana Mitrova, of the Energy Research Institute, Russian Academy of Sciences, and Robin Dunnigan, State Department acting deputy assistant secretary for energy diplomacy.

Statoil sells stake in Azerbaijan gas project

HELSINKI (AP) — Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion.

Statoil says the sale "optimizes our portfolio and strengthens our financial flexibility."

New $3.7B gas line proposed for Ala., Ga., Fla.

ATLANTA (AP) — A proposal to build a $3.7 billion pipeline system carrying natural gas into Florida is raising complaints from Georgia residents — including media mogul Ted Turner — who say they'd face environmental costs while others get the benefits.

Spectra Energy Partners LP and NextEra Energy Inc. are seeking federal permission to build the Sabal Trail and the Florida Southeast Connection, about 600 miles of pipeline bringing natural gas from a hub in Alabama, across southwest Georgia and to power plants in Florida. If approved by the Federal Energy Regulatory Commission, the system would start operating in mid-2017.

Gas firm set for IPO next week

A natural gas firm is set to go public next week, listed among initial public offerings planned for the week starting October 13. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.

Dominion Midstream Partners LP - Richmond, Va., 17.5 million shares, priced $19 to $21, managed by Barclays, Citigroup, and J.P. Morgan. Proposed NYSE symbol DM. Business: Operates Dominion Resources' liquefied natural gas import, storage, regasification and transportation assets.

Oil

US rig count up 8 to 1,930

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 1,930, according to oilfield services company Baker Hughes Inc.

The Houston firm said Friday in its weekly report that 1,609 rigs were exploring for oil and 320 for gas. One was listed as miscellaneous. A year ago there were 1,743 active rigs.

NGV America taps Godlewski from Auto Alliance

Source: 
The Hill

Veteran auto industry lobbyist Matt Godlewski is leaving the Auto Alliance to take over as president of Natural Gas Vehicles for America, replacing Rich Kolodziej, The Hill reports.

Changes to Mountain Valley Pipeline route should minimize scenic impact: EQT

Source: 
The Roanoke Times

Posting a new proposed route for the Mountain Valley Pipeline it plans to construct with NextEra Energy to move gas into central Virginia, EQT Corp. said the changes should minimize the impact on scenic areas of the Appalachian Trail and the Blue Ridge Parkway, The Roanoke Times reports.

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