Energy and Markets Newsletter 091611

8/3/2019 Energy and Markets Newsletter 091611

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US energy groups act on natural gas demandUS energy companies are converting rigs and trucks to run on natural gas,building fuelling stations and launching educational campaigns to increasedemand for the domestic fuel that has flooded the market on the back of the shaleboom. With technological advances enabling gas production from shale rock,estimates of US supplies of natural gas have risen from 30 to 100 years worth, at

current usage rates, with the US market now oversupplied.http://www.ft.com/intl/cms/s/0/743857d6-df9a-11e0-845a-00144feabdc0.html?ftcamp=rss#axzz1XvY50VJL

Program aims to jump start new energy companiesA business accelerator aimed at jump starting new energy and informationtechnology companies launched in Houston today. Surge will teach 10entrepreneurs the basics of developing a business plan and how ideas to investorsduring a three-month program that begins in March 2012. Each startup companywill receive $30,000 in seed money to help spur their business along. At the endof the program, the participants will pitch their ideas to more than 300 potentialinvestors. Information technology is going to transform the energy business,said Kirk Coburn, the managing director of the program. There is a great need for

equipment in the energy business, but the data on nature resources can changethe business dramatically. This is the time to change the energy business.http://fuelfix.com/blog/2011/09/15/program-aims-to-jump-start-new-energy-companies/

U.S. natural gas processing capacity expands rapidlyNatural gas that flows from the wellhead often contains impurities and/or valuableliquid components that must be removed before the product can be distributed tonatural gas customers.http://www.eia.gov/todayinenergy/detail.cfm?id=3090

US FERC okays two pipeline projects to send Marcellus gas to theNortheastTennessee Gas Pipeline can build a new gas line segment and other facilities toadd 250,000 Dt/day of transportation capacity from the Marcellus Shale to theNortheast region, the US Federal Energy Regulatory Commission said

Thursday.The Northeast Supply Diversification Project includes a 6.77-mile, 30-inch-diameter pipeline loop in northeastern Pennsylvania, improvements to acompressor station in Niagara County, New York, improvements to a meter stationin Erie County, New York and installation of several other facilities in New York andPennsylvania.http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6482872

Pennsylvania governor says he'll accept impact fee on gas drillersPennsylvania's Republican Governor Tom Corbett, who has opposed a severancetax on natural gas production in his state, on Thursday said he would supportimposing impact fees on drillers if the revenue goes directly to affected localgovernments.http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6480393

Green/ Alternative Energy News

US Army moves to attract $7.1 bil in private money for renewables

The Army on Thursday launched a special task force that it hopes will attract $7.1

billion in private-sector investment over 10 years to help expand the use of

renewable energy at bases around the country. Meant to be a "one-stop shop" for
http://fuelfix.com/blog/2011/09/15/program-aims-to-jump-start-new-energy-companies/http://fuelfix.com/blog/2011/09/15/program-aims-to-jump-start-new-energy-companies/http://fuelfix.com/blog/2011/09/15/program-aims-to-jump-start-new-energy-companies/http://www.eia.gov/todayinenergy/detail.cfm?id=3090http://www.eia.gov/todayinenergy/detail.cfm?id=3090http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6482872http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6480393http://fuelfix.com/blog/2011/09/15/program-aims-to-jump-start-new-energy-companies/http://fuelfix.com/blog/2011/09/15/program-aims-to-jump-start-new-energy-companies/http://fuelfix.com/blog/2011/09/15/program-aims-to-jump-start-new-energy-companies/http://www.eia.gov/todayinenergy/detail.cfm?id=3090http://www.eia.gov/todayinenergy/detail.cfm?id=3090http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6482872http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6480393


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companies interested in building large-scale renewable-energy projects on Army

facilities, the Energy Initiative Task Force will work to increase the use of solar,

wind, geothermal power and other technologies in the face of declining Pentagon

budgets.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6482889

Calif carbon falls 12 pct in correction -Point CarbonCalifornia carbon allowances (CCAs) for delivery in 2013 were valued at $18.50/t

on Thursday, down nearly 12 percent from a week ago, when sources said

allowances had been overvalued.

http://af.reuters.com/article/energyOilNews/idAFS1E78E1WO20110915

Crude Oil News

OPEC Daily Basket Price 9/15/2011 $109.58(9/14/2011 $107.91)

Recent Rig Counts

Area

Last

Count

Cou

nt

Change

from Prior

Count

Date of

Prior

Count

Change

from Last

Year

Date of

Last Year's

Count

U.S. 9 Sept11

1958 -10 2 Sept 11 +304 10 Sept 10

Canada 9 Sept11

515 -2 2 Sept 11 +132 10 Sept 10

International

August2011

1183 +33 July 2011 +81 August 2010

http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm

Crude Oil Heads for Fifth Weekly Advance in London on European Debt

Plan

Oil headed for a fifth weekly gain in London, the longest winning streak sinceMarch, on bets that a plan to contain Europes debt crisis will help shore up fuel

demand. Brent advanced after the European Central Bank said it worked with the

U.S., U.K., Japan and Switzerland to extend three-month loans to euro-area banks.

The 17 euro nations accounted for about 12 percent of global oil demand in 2010,

according to Bloomberg calculations based on BP Plcs Statistical Review of World

Energy. U.S. crude stockpiles dropped last week, a Sept. 14 Energy Department

report showed, after Tropical Storm Lee closed platforms in the Gulf of Mexico.

http://www.bloomberg.com/news/2011-09-15/crude-oil-futures-decline-in-new-

york-trading-brent-premium-to-wti-widens.html
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6482889http://af.reuters.com/article/energyOilNews/idAFS1E78E1WO20110915http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.bloomberg.com/news/2011-09-15/crude-oil-futures-decline-in-new-york-trading-brent-premium-to-wti-widens.htmlhttp://www.bloomberg.com/news/2011-09-15/crude-oil-futures-decline-in-new-york-trading-brent-premium-to-wti-widens.htmlhttp://www.platts.com/RSSFeedDetailedNews/RSSFeed/ElectricPower/6482889http://af.reuters.com/article/energyOilNews/idAFS1E78E1WO20110915http://investor.shareholder.com/bhi/rig_counts/rc_index.cfmhttp://www.bloomberg.com/news/2011-09-15/crude-oil-futures-decline-in-new-york-trading-brent-premium-to-wti-widens.htmlhttp://www.bloomberg.com/news/2011-09-15/crude-oil-futures-decline-in-new-york-trading-brent-premium-to-wti-widens.html


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Temperature

Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/610day/610temp.new.gif


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8 to 14 day Outlooks

Temperature
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gifhttp://www.cpc.ncep.noaa.gov/products/predictions/610day/610prcp.new.gif


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Precipitation
http://www.cpc.ncep.noaa.gov/products/predictions/814day/814prcp.new.gif

Energy and Markets Newsletter 091611

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