Archives for January 2017
Natural gas prices fall to lowest level since 1999
Natural gas prices averaged out at their lowest level in nearly two decades, the U.S. Energy Information Administration reported Friday. The Henry Hub national benchmark only averaged $2.49 per million British Thermal Units, a fraction...
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Hess boosts 2017 drilling by $350 million
The oil company Hess Corp. is boosting its production and exploration budget to $2.25 billion this year, an increase of $350 million or 20 percent over last year’s budget. It includes additional rigs in North...
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Kinder Morgan receives final Canadian approval for $5.4 billion pipeline project
Kinder Morgan received the final environmental approval from British Columbia to proceed with its $5.4 billion Trans Mountain oil pipeline expansion. The project to ship heavy crude from oil sands in Alberta to Vancouver-area ports...
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Senate sets Perry nomination hearing for Jan. 19
The Senate Energy and Natural Resources Committee announced Thursday it would hold a nomination hearing for former Texas Governor Rick Perry next Thursday, the day before President-elect Donald Trump’s inauguration. Trump has nominated Perry to...
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Multifuels Midstream Group acquires Central Texas pipeline system
Houston-based Multifuels Midstream Group LLC has purchased a Central Texas gas pipeline system. Multifuels recently acquired the 124-mile pipeline from “a large publicly traded Master Limited Partnership,” according to a company statement. The company plans...
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