In the first of two announcements this week, PennEast Pipeline LLC and UGI Energy Services (ticker: UGI) announced plans to build a 100 mile, $1 billion 30-inch gas pipeline from Pennsylvania and New Jersey to take Marcellus gas production to market. The PennEast pipeline is designed to take 1 Bcf of natural gas per day, which can supply gas to
On June 17, the Canadian federal government approved the pipeline portion of Enbridge Incorporated’s (ticker: ENB) Northern Gateway Project, a $6.1 billion crude oil and condensate pipeline and marine terminal that was proposed in 2010. Canada’s petroleum producers are eager to find an alternative to the nearly six-year delayed approval of the Keystone XL project. At the Canadian American Business’ conference on June
20,000 U.S. Jobs, $7B Project Stuck in Limbo As of July 9, the Keystone Project has been studied for 2,119 days, according to the House Energy and Commerce Committee. No other pipeline has taken so long to gain approval. On July 8, 44 diverse organizations, from businesses to labor unions, sent a letter supporting the speedy approval of TransCanada’s Keystone
Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin. Miller Adds 7 MMcf/d from Acquisition Cook Inlet Energy LLC (CIE), a subsidiary of Miller Energy Resources, announced
The Marcellus Shale will produce a record 12.6 Bcf/d in November 2013, according to the Energy Information Administration’s (EIA) Drilling Productivity Report on October 22, 2013. If the Marcellus itself were a country, it would rank eighth in the world in natural gas production – and the growth is expected to continue Companies such as Cabot Oil & Gas (ticker:
