Nat Gas News – October 30, 2017

Nat Gas News – October 30, 2017

Note: Due to a change in ICE’s policy regarding the distribution of data, starting November 1st, the Mansfield Natural Gas Newsletter will no longer provide the Physical Spot Natural Gas Price map typically found on page (2) two.  We apologize for any inconvenience that this may cause. The Spot Price map will be the only aspect of the NGN that will change and our commitment to serve accurate and relevant Natural Gas News will continue. Please do not hesitate to reach out to us at info@mansfieldoil.com with any questions.

Natural Gas Industry Seeks Expanded Infrastructure

Lowell Sun reported: With consumers facing the lowest natural-gas prices in almost 15 years, industry executives and advocates say that they can provide better service with expanded infrastructure — but their message faces opposition from environmental groups and doubts from the state attorney general’s office. Natural gas, most of which is produced from underground shale deposits in a process known as “fracking,” has grown rapidly as a source of power in recent decades. The United States is now the world leader in natural-gas production, and in Massachusetts, more than half the electricity generated comes from burning natural gas. However, some are skeptical that natural gas, a fossil fuel, should continue to expand alongside renewable energy sources such as solar and wind power. For more visit lowellsun.com or click http://bit.ly/2yWY1WY

Hilcorp Alaska Proposes Arctic Drilling from an Artificial Island

Daily Times reported: ANCHORAGE, Alaska — America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won’t be from a remote drilling platform. Federal regulators are taking comments on a draft environmental statement for the Liberty Project, a proposal by a subsidiary of Houston- based Hilcorp to create an artificial gravel island that would hold production wells, a processing facility and the start of an undersea pipeline carrying oil to shore and connections to the trans-Alaska pipeline. The drilling would be the first in federal Arctic waters since Royal Dutch Shell, amid protest both in the United States and abroad, in 2015 sent down an exploratory well in the Chukchi Sea off Alaska’s northwest coast. Opponents say Arctic offshore oil should stay in the ground, where it won’t add greenhouse gases that contribute to global warming and the melting of sea ice, the habitat of polar bears and walruses. They say spills are inevitable and cannot be cleaned up in icy Arctic water. For more visit daily-times.com or click http://bit.ly/2hnlSVJ

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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