Natural Gas

Utilities burning more natural gas

Source: 
Platts

A Bentek Energy analyst told a symposium that utilities in the U.S. -– at an average of more than 30 billion cubic feet per day --  were burning more natural gas than predicted for the week and the month, Platts reports, noting that the development could push prices higher.

Exxon subsidiary says it's not causing Texas quakes

FORT WORTH, Texas (AP) — A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it believes the earthquakes occurred naturally.

XTO Energy submitted evidence to the Texas Railroad Commission, which regulates the state's massive oil and gas industry, during a hearing that will test the agency's willingness to suspend permits for injection wells based on seismology. The wells store wastewater from hydraulic fracturing, which has opened vast reserves of natural gas in North Texas but critics blame for causing small earthquakes.

Oil

Mexico says it found offshore oil reserves in Gulf

MEXICO CITY (AP) — Mexico's state-owned oil company says it found four shallow-water offshore oil and gas fields in the Gulf of Mexico with total possible reserves of 350 million barrels of crude equivalent.

The Pemex company did not say how much of that total were proven or probable reserves.

Exxon denies wells linked to Texas quakes

Source: 
The Wall Street Journal

Testifying Wednesday before the Texas Railroad Commission, which regulates oil and gas operations, representatives of Exxon Mobil subsidiary XTO Energy said the earthquakes that have been taking place in the Dallas area are due entirely to natural causes, The Wall Street Journal reports.

Linde cuts ribbon on La Porte expansion

Source: 
FuelFix

At a ribbon-cutting ceremony for a $200 million expansion on its La Porte gas plant in Texas, a top Linde executive said the company plans more investment to take advantage of cheap shale gas, FuelFix reports.

Investigators: Bad joint, sewer line break behind NY gas blast

NEW YORK (AP) — A poorly crafted joint in a plastic Consolidated Edison gas line and an 8-year-old break in an old city sewer line were the likely causes of an explosion that killed eight people in New York City last year, federal investigators said Tuesday.

The weakness of the plastic pipe joint was exposed because the soil that supported it was washed away by groundwater flowing into a gaping hole in the brick sewer line, the National Transportation Safety Board said.

NTSB meets to discuss deadly Harlem gas explosion

NEW YORK (AP) — The National Transportation Safety Board is meeting to discuss the deadly gas explosion that destroyed two buildings and killed eight people in New York City's East Harlem last year.

Tuesday's meeting may shed light on what caused the March 12 explosion. The agency had earlier said it had found a leak in a cast iron gas main from 1887.

Oil

US oil and natural gas rig count drops by 7 to 868

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by seven this week to 868.

Houston-based Baker Hughes said Friday 642 rigs were seeking oil and 222 explored for natural gas. Four were listed as miscellaneous. A year ago, with oil prices nearly double the current levels, 1,860 rigs were active.

PennTex Midstream launches IPO, hunts for acquisitions

Source: 
Houston Business Journal

Even though the company only began trading its stock publicly today, PennTex Midstream Partners is already looking to make acquisitions, the Houston Business Journal reports.

Environmental Protection Agency

Fracking backers, foes find validation in EPA drinking water report

Hydraulic fracturing does not inherently contaminate groundwater supplies, according to a draft Environmental Protection Agency report released Thursday, but opponents of the process found enough evidence to cite the report as proof that fracking can't be considered safe. 

The 998-page draft assessment finds that, even though fracking and related activities have had “no systemic, widespread impact” on drinking water, there has been a limited number of instances in which fracking-related activities such as well integrity and wastewater disposal have been linked to drinking water impacts, including well contamination.

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