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The future of natural gas in America

Natural gas, once the main part of the equation in the transition from coal to renewables, has been replaced by … nothing at all. The new climate change rule for power plants suggests instead a direct transition from coal to renewables. Now, this is not the way to make friends. Especially since the gas industry held different expectations based on ...

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Gulf of Mexico dead zone 11th biggest, bigger than predicted

NEW ORLEANS — An area in the Gulf of Mexico with too little oxygen to keep sea creatures alive is the 11th largest measured and nearly 18 percent bigger than predicted earlier this year. It has gotten so big because heavy June rains throughout the Mississippi River watershed carried nutrient-rich runoff from farms and other human activities into the gulf, ...

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Chesapeake reports 2Q loss

OKLAHOMA CITY — Chesapeake Energy Corp. (CHK) on Wednesday reported a second-quarter loss of $4.11 billion, after reporting a profit in the same period a year earlier. On a per-share basis, the Oklahoma City-based company said it had a loss of $6.27. Losses, adjusted for one-time gains and costs, came to 11 cents per share. The results beat Wall Street ...

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Chesapeake is putting Ohio on hold

Chesapeake Energy Corp. has decided to cut back on its operations in Ohio until the pipeline that will deliver its Ohio natural gas to the Gulf Coast is completed. Last month, Chesapeake announced it would begin cutting back its Utica Shale gas production by 100 million cubic feet per day.  According to Chesapeake executives, until November, when the Ohio Pipeline ...

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Fishermen oppose river diversions to fix Louisiana coast

WEST POINTE A LA HACHE, La.— Fishermen spoke out Tuesday against plans to rebuild coastal Louisiana by siphoning Mississippi River freshwater and sediment into the Bayou State’s disappearing sub-deltas. Fishermen voiced fears that new diversions could hurt fishing grounds when they spoke at a coastal restoration meeting at the historic Woodland Plantation on the Mississippi, southeast of New Orleans In ...

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TxDOT approves $22.8 million in roadway improvements

The Texas Transportation Commission approved six projects worth $22.8 million for the 12-county Odessa District, including two funded by Proposition 1, according to a Monday release from the Texas Department of Transportation. The six projects approved from the July bid openings are: — A project to resurface approximately 2.5 miles of West Loop 338 from Kermit Highway going north was ...

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Noble can take a hit and keep on thriving

Houston-based oil and gas powerhouse Noble Energy suffered a hefty loss of $109 million in the second quarter, but the hit didn’t seem to shake David Stover, the company’s chairman, president and CEO. “We have the financial strength to navigate through a volatile market and take advantage of opportunities,” Stover told FuelFix. “All oil and natural gas companies are facing ...

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National Fuel Gas turns up the heat on rates

natural gas

WESTERN PENNSYLVANIA – National Fuel Gas Distribution Corp. said Friday its rates are heating up 2.4 percent. Effective today, the new gas supply rates means the monthly bill of a typical NFG residential customer using 90,000 cubic feet of gas annually will rise $1.39, to $58.88 from $57.49. The main driver of the rate hike is reduced refunds associated with ...

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NextEra Energy to buy Texas pipeline company for $2.1 bln

pipeline

Aug 3 (Reuters) – Clean energy company NextEra Energy Partners said it would buy NET Midstream, a privately held company that develops natural gas pipeline assets, in a deal valued at $2.1 billion. NextEra Energy Partners said the deal would give it seven natural gas pipelines in Texas, with the capacity to carry 3 billion cubic feet (bcf) of gas ...

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San Juan County weighs intervening with PRC on power plant plan

FARMINGTON — The San Juan County Commission will hold a special meeting Wednesday to discuss the possibility of getting more deeply involved in supporting a Public Service Company of New Mexico plan to keep the San Juan Generating Station operating. San Juan County has not yet presented any testimony or documents that the Public Regulation Commission can consider when voting ...

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