- Inside Look at Processing Trends
- NAT GAS Act Introduced in Senate
- BG Group Enters Haynesville in $1.3 Billion JV with Exco Resources
- Predictive Analysis: Proven Technology, Slower Adoption Rate
- Regency Energy Maps Out Haynesville Plans
- Midstream News
- Questar to Narrow E&P Focus
- Enterprise Begins Operations at Piceance Central Treating Facility
- TORP Refiles Application for Bienville LNG Terminal
- Lafargue named CFO at Falcon Gas Storage
- Kentucky Blue Gas Opens Bowling Green Processing Plant
- Fractionation Spread
- Frac Spread Margins Fall for Second Straight Week
- Box Score
- NGL Prices Continue to Tumble
Inside Look at Processing Trends
Sen. Robert Menendez (D-N.J.) introduced a bill to encourage the use and development of natural gas vehicles in the U.S. The NAT GAS Act was co-sponsored by Sen. Orrin Hatch (R-Utah) and Senate Majority Leader Harry Reid (D-Nev.).
BG Group of the U.K. entered into an agreement to acquire a 50% interest in Exco Resources’ Haynesville shale holdings for $1.3 billion.
While predictive analysis software has proven to be a valuable resource for gas processors and refiners, its adoption rate has been slower than the technological advancement. The main reasons are cost and a need for cultural change in many organizations.
Haynesville gas wells urgently need take-away capacity. Here’s how Regency Energy Partners financed its project from the drawing board to the field.
Like many other companies, Questar is reducing its capital spending and reducing production to overcome poor economic conditions. However, the company has succeeded in very favorable heading for the rest of the year.
Enterprise Products Partners’ Central Treating Facility in the Piceance basin began receiving natural gas shipments. The facility, located near the company’s Meeker gas processing plant, will treat ExxonMobil’s products from the play.
TORP LNG re-submitted an application through a subsidiary to build an LNG terminal off the coast of Alabama.
Falcon Gas Storage named former board member Antoine Lafargue as its CFO. He joins the company from Arcapita B.S.C., the company’s largest shareholder and equity sponsor.
Kentucky Blue Gas opened a new Bowling Green, Ky. plant to process gas for Atmos Energy, a local natural gas utility company.
Overall economic conditions continued to negatively impact frac spread margins this week as only three NGLs experienced upward movement, with only two of those being increases of note.
Current Frac Spread (Cents/Gal)
Date: July 8, 2009
Gross Bbl Margin (in cents/gal)
NGL Value in $/mmBtu
Total Barrel Value in $/mmbtu
Price, Shrink of 42-gal NGL barrel based on following: Ethane, 36.5%; Propane, 31.8%; Normal Butane, 11.2%; Isobutane, 6.2%; Pentane+, 14.3%, Fuel, frac, transport costs not included. Conway gas based on NGPL Midcontinent zone, Mont Belvieu based on Houston Ship Channel.
Shrink is defined as Btus that are removed from natural gas through the gathering and processing operation.