| Date: March 11, 2010 | Volume: 28, Issue: 10 | PRINTER FRIENDLY |
INSIDE LOOK AT PROCESSING TRENDSONEOK Partners: NGL Industry Remains Fundamentally SoundONEOK Partners officials maintain that while 2009 was an economically challenging year for the country as a whole, including the midstream industry, that industry fundamentals remain strong for the long haul. CERAWeek: U.S. DOE’s Chu Says Train Has Left the StationU.S. Energy Sec. Steven Chu said earlier this week, “we will be living in a carbon-constrained world. Let’s get moving now and get the American invention machine going.” Crosstex: Core Regions Remain StrongThe year 2009 was a year in which Crosstex Energy LP adjusted to the market and economic conditions by improving liquidity through several asset sales, including the sale of its natural gas treating business to Kinder Morgan (see Gas Processors Report 09/02/09), that resulted in combined proceeds of more than US$600 million. MIDSTREAM NEWSAltech-Eco Receives U.S. EPA Certification for Ford Transit Connect CNG Conversion SystemThe U.S. Environmental Protection Agency awarded Altech-Eco Corp. a certificate of conformity for its Dedicated 2010 Ford Transit Connect compressed natural gas conversion system. This certificate ensures that purchasers of the commercial fleet van through Altech-Eco qualify for a US$4,000 Federal Income Tax Credit. Alliance AutoGas Forms Partnership to Offer Fleet Conversion Services in IndianaAlliance AutoGas announced a partnership with Donahue Gas and Productive Concepts Inc. to offer services to convert fleet automobiles in Indiana that operate on gasoline to operate instead on propane AutoGas. FRACTIONATION SPREADFrac Spread Margins Provide Mixed Message Despite Drop in Feedstock PricesDespite a continued drop in natural gas feedstock prices, natural gas liquids (NGLs) fractionation spreads lost traction this week as there was an even split among NGLs losing and gaining margin strength this week at Conway and Mont Belvieu. |
FEATURES
GPA’s Applekamp: Advocacy through Education“A big part of our federal efforts have been on the education process because as much as 85% of our NGLs [natural gas liquids] are never combusted, so they never have any type of emission,” Gas Processors Association’s director of government affairs, Jeff Applekamp, told Gas Processors Report, explaining why marking processors as a point of regulation never made sense. BOX SCORENGL Prices Fall at Both Hubs as Warmer Weather ArrivesAs the spring season begins to move closer, natural gas and natural gas liquids (NGLs) prices have been decreasing as heating demand subsides. While there have been some signs of a possible economic recovery, NGL and natural gas prices continue to crest and trough without any sustained movement up or down. This situation is not likely to change until there is a strong and long-lasting recovery that supports all facets of the U.S. economy. PIPELINE NEWSFayetteville Express Pipeline Begins ConstructionFayetteville Express Pipeline Begins Construction INTERNATIONAL NEWSMeet the Montney ShaleOperators in British Columbia report better horizontal gas wells with more frac stages. In 2010, look for drilling and processing activity to ramp up. |
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