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Author Archives: Zach Koppang

Colorado’s delegation pushes to fast-track LNG exports to non free-trade countries

By Sharon Dunn | The Greeley Tribune, Colorado Two sparring members in Colorado’s congressional delegation are working to fast-track international exports of liquefied natural gas, a move touted as boosting the energy industry as well as creating American jobs. Both Rep. Cory Gardner, R-Colo., and Sen. Mark Udall, D-Colo. — locked in a race for Udall’s seat in the general ...

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Study finds Weld, DJ Basin methane emissions much higher than originally thought

By Sharon Dunn | The Greeley Tribune, Colorado A new methane emissions study shows northeast Colorado in 2012 had three times more methane emissions from oil and gas operations than previously thought. The study, led by scientists with the National Oceanic and Atmospheric Administration and the Cooperative Institute for Research in Environmental Sciences at University of Colorado Boulder, has been ...

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Polar vortex helps UGI’s bottom line

By Andrew Maykuth | The Philadelphia Inquirer For UGI Corp., there was a positive side to all that cold winter weather: The Valley Forge company on Wednesday reported a 28 percent increase in quarterly net income, thanks to wild natural gas prices during the polar vortex. UGI reported adjusted second-quarter net income of $222.1 million, or $1.90 per share, compared ...

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Plans unveiled for liquefied natural gas plant

By Nick Smith | The Bismarck Tribune, North Dakota Officials with a North Dakota company announced Wednesday the construction of a liquefied natural gas processing plant expected to be operational this summer in the northwestern part of the state. Prairie Companies and North Dakota LNG Chief Executive Officer Pat Hughes said the processing facility will be operational in the coming ...

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Xcel calls Boulder utility formation ‘premature’

By Erica Meltzer | The Daily Camera, Boulder, Co. Boulder’s decision to formally create a power and light utility ahead of filing for condemnation of Xcel Energy’s local distribution system was premature and didn’t follow the city’s own charter requirements, Xcel Energy said Wednesday. In a statement issued in response to the City Council’s vote Tuesday night, company officials said ...

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Strong earthquake shakes Mexico’s Pacific coast

ACAPULCO, Mexico (AP) — A strong earthquake shook the southern Pacific coast of Mexico and several states, including the capital on Thursday, sending frightened people into unseasonal torrential rains that were also bearing down on the coast. The 6.4-magnitude quake in southern Guerrero state had an epicenter about 9 miles (15 kilometers) north of Tecpan de Galeana, according to the ...

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Heavy air pollution found over Colorado oil fields

The Associated Press DENVER — Scientists have found that oil and gas fields along Colorado’s Front Range mountains have been emitting three times more methane and nearly eight times more cancer-causing benzene than previously thought. A study by the National Oceanic and Atmospheric Administration and partly supported by the Environmental Defense Fund is based on data gathered in 2012 from ...

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Japan trading houses keep faith in US shale despite writedowns

By James Topham | Reuters TOKYO, May 8 – Japanese trading houses say they will push on with investments in North American shale oil and gas fields, despite writedowns in the sector on low gas prices and reduced reserve estimates. The comments from executives at Mitsubishi Corp, Mitsui & Co, Itochu Corp and other trading houses are a vote of ...

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Oil declines after China trade data

The Associated Press The price of oil declined Thursday after China’s monthly trade data showed subdued imports by the world’s largest crude consumer. Benchmark U.S. crude for June delivery was down 39 cents at $100.38 a barrel at 0920 GMT in electronic trading on the New York Mercantile Exchange. The contract rose $1.27 to close at $100.77 on Wednesday. Brent ...

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General Electric sells Wayne fuel dispensing unit

(Reuters) – General Electric Co has agreed to sell its Wayne fuel dispenser business to private investment firm Riverstone Holdings LLC, the U.S. conglomerate said on Wednesday. Financial terms were not released. Reuters reported last week that a deal for Wayne would likely value the unit at between $500 million and $600 million, according to sources. Austin, Texas-based Wayne was ...

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