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Dallas Fed: Oil and Gas Activity Rises in Third Quarter

energy, 2016, year in review

Surveys and reports from the Federal Reserve Bank of Dallas are now available for the third quarter. The business activity index – the survey’s broadest measure of conditions facing Eleventh District energy firms – was up from 13.8 in the second quarter to 26.7. While the survey still shows weakness in both industry employment and production, it does show some ...

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Israeli consortium signs gas deal with Jordan

Israeli flag

JERUSALEM (AP) — Israel’s Delek Group, one of the developers of the country’s biggest natural gas reservoir, says it has signed a deal to sell gas to neighboring Jordan. The agreement announced Monday would provide 45 billion cubic meters (1.6 trillion cubic feet) of gas to Jordan over 15 years. Delek says revenues could amount to $10 billion. Delek Drilling ...

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Order would limit Columbia Gas rate increase to 10 percent

natural gas meter,

BALTIMORE (AP) — The state Public Service Commission is proposing about a 10 percent rate increase for western Maryland customers of Columbia Gas. The utility regulator issued the proposed order Monday. It becomes final Oct. 27 unless it’s appealed. The increase reflects a settlement between the company, commission staff and the Office of the People’s Counsel, which represents the public. ...

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US rig count up 5 this week to 511

rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 511. A year ago, 838 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas ...

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North Carolina questioning 2 more gas station’s prices

pipeline spill, gas stations

RALEIGH, N.C. (AP) — Two more gasoline stations in North Carolina are being questioned about their prices after the flow of fuel was interrupted by a pipeline leak in Alabama. The office of Attorney General Roy Cooper said Wednesday that he is seeking information from gas stations in Raleigh and Indian Trail. Complaints filed with the Consumer Protection Division said ...

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Pipeline will soon reopen, carrying gasoline to 5 states

natural gas pipeline, pipeline spill

ATLANTA (AP) — Gasoline should begin flowing again Wednesday — through a temporary bypass on a critical pipeline — after a major leak in Alabama forced a shutdown that led to surging fuel prices and scattered gas shortages across the South, a company official said Tuesday. The roughly 500-foot (152-meter) section of pipe serving as the bypass is now complete, ...

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Regulators solicit proposals for LNG storage in Maine

natural gas, manhole

AUGUSTA, Maine (AP) — The Maine Public Utilities Commission is accepting proposals for a liquefied natural gas storage tank. The utility regulators issued a request for proposals late last week following a state law that gave them power to execute a contract to address wintertime shortages of natural gas. Commission Chairman Mark Vannoy says the panel looks forward to evaluating ...

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