Natural Gas News – May 16, 2019

Natural Gas News – May 16, 2019

NYDEC nixes natural gas pipeline despite union, business support

New York Post reported: The New York Department of Environmental Conservation on Wednesday struck down a proposed pipeline project that would have delivered natural gas reserves from Pennsylvania to New York. The proposed plan, called the Northeast Supply Enhancement, was touted by unions who would have worked on its construction and the New York Business Council, but criticized by environmental groups. The DEC cited environmental concerns in their decision to nix the project, which included a pipe that would run from New Jersey to the Rockaways. For more on this story visit nypost.com or click https://nyp.st/2w1czSj

North Dakota posts strong month for oil production, hits record for natural gas

Star Tribune reported: North Dakota posted a solid March for oil production, while hitting a new record for natural gas output, state data released Wednesday show. But surging production over the past year continues to leave North Dakota well short of its goals to reduce the flaring of natural gas. Gas that can’t be captured is burned off, a waste of resources and an environmental issue. North Dakota, the nation’s second-largest oil producer after Texas, pumped out 1.39 million barrels of oil per day in March, up 4% over the previous month, according to the North Dakota Department of Mineral Resources. The state’s record monthly output was 1.4 million barrels per day in January. But surging production over the past year continues to leave North Dakota well short of its goals to reduce the flaring of natural gas. Gas that can’t be captured is burned off, a waste of resources and an environmental issue. North Dakota, the nation’s second-largest oil producer after Texas, pumped out 1.39 million barrels of oil per day in March, up 4% over the previous month, according to the North Dakota Department of Mineral Resources. The state’s record monthly output was 1.4 million barrels per day in January. For more on this story visit startribune.com or click http://strib.mn/2WaS0RK

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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote