Natural Gas

Oil

Encana buying Athlon Energy for $5.93 billion

NEW YORK (AP) — Oil and natural gas company Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin.

Canada's Encana Corp. will also assume $1.15 billion in debt, bringing the transaction's total value to approximately $7.1 billion.

Ohio River drilling bids opened in W.Va.

Source: 
The Associated Press

Several companies, including Noble Energy and Statoil, submitted bids to West Virginia to drill in a 14-mile stretch of the Ohio River, The Associated Press reports.

US-led air strikes hit 4 Syrian provinces, gas plant

BEIRUT (AP) — U.S.-led coalition warplanes bombed Islamic State group positions overnight across four provinces in northern and eastern Syria, hitting a grain silo as well as the country's largest gas plant, activists said Monday.

Washington and its Arab allies opened their air assault against the extremist group last week, going after its military facilities, training camps, heavy weapons and oil installations. The campaign expands upon the air strikes the United States has been conducting against the militants in Iraq since early August.

Gas drillers draw less water, but concerns linger

PITTSBURGH (AP) — The gas drilling industry in Pennsylvania is recycling more and more water and one river basin commission now reports drillers there are drawing less freshwater than in the past.

Water use by the natural gas industry in the Susquehanna River Basin peaked at about 3.8 billion gallons in 2011 and that figure declined to about 3.1 billion gallons in 2013, Andrew J. Gavin, deputy executive director of the Susquehanna River Basin Commission, told The Associated Press.

NiSource splits off natural gas pipeline business

Gas and utility company NiSource Inc. announced Sunday that it plans to split off its natural gas pipeline and related businesses into a stand-alone publicly traded company.

The new company, Columbia Pipeline Group Inc., will control the business of transporting and storing natural gas. It is expected to be listed on the New York Stock Exchange and has 15,000 miles of natural gas transmission pipelines and nearly 300 billion cubic feet of underground natural gas storage capacity.

EU proposes deal to ensure Ukraine gas supplies

BERLIN (AP) — Ukraine would repay $3.1 billion in debts to Russia in exchange for guaranteed gas deliveries through the harsh winter months under a proposal unveiled Friday after talks brokered by the European Union.

The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn't resolve a deeper dispute over what price Kiev should pay for past and future deliveries. An arbitration court in Stockholm is expected to rule only next year on that.

Oil

US rig count unchanged at 1,931

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. was unchanged this week, holding at 1,931, oilfield services company Baker Hughes Inc. said.

The Houston firm said Friday in its weekly report that 1,592 rigs were exploring for oil and 338 for gas. One was listed as miscellaneous. A year ago there were 1,744 active rigs.

Filipino-UK firm to drill for gas in disputed sea

MANILA, Philippines (AP) — The chairman of a Philippines energy company says a Chinese state-owned oil producer hasn't responded to a proposal to jointly explore a disputed area of the South China Sea but drilling will go ahead by 2016 with or without a partnership.

Manuel Pangilinan said Friday that Filipino-British company Forum Energy PLC made the offer to China National Offshore Oil Corp. to explore Reed Bank, northwest of the Philippine island of Palawan. Philippine and Chinese vessels had a confrontation there three years ago.

Report details risks of fracking sand mining

Source: 
Los Angeles Times

Mining sand to meet the growing demands of fracking -- a practice currently common in parts of Wisconsin but with the potential to spread from Maine to Iowa -- poses risks to water, air, public health and property values in communities, according to a report put together by the Civil Society Institute, the Los Angeles Times reports.

Russia, Ukraine in EU-brokered talks on gas

BERLIN (AP) — Russia and Ukraine are to hold European Union-brokered talks on their long-running gas dispute Friday as pressure mounts for a solution to head off a winter supply crisis in Ukraine and beyond.

The meeting in Berlin between the Russian and Ukrainian energy ministers, hosted by EU energy commissioner Guenther Oettinger, comes more than three months after Moscow cut off gas supplies to Kiev.

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