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Tenaska to Sell Responsible Gas from Olympus Energy’s 45 SWPA Wells

In a process that began in December 2021, Olympus Energy (formerly Huntley & Huntley) announced it had contracted with Project Canary to monitor methane emissions from both the company’s drilling operations and the company’s pipeline operations (see Olympus Using Proj Canary to Monitor Drilling & Pipes for Methane). Last July, Olympus achieved Project Canary certification for all of its drilling operations, located in southwestern Pennsylvania (see Olympus Energy Gets Project Canary Cert – Produces 100% RSG NatGas). And in March of this year, Olympus announced that its pipeline operations, called Hyperion Midstream, are also Project Canary certified (see Olympus Energy Adds Midstream Division to Project Canary Certification). All of that effort is paying off by attracting a new marketing partner.
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Natural Gas Marketed in North America Slides Another 4% in 3Q21

Each quarter NGI (Natural Gas Intelligence) runs the numbers and publishes a list of the 25 top natural gas marketers in the U.S. (or in the case of 3Q21, the top 24). These are not necessarily the top producers of natural gas, although in some cases they are, but the top sellers (vendors, jobbers) of natural gas. NGI’s latest quarterly report for third quarter 2021 shows overall the biggest sellers of natgas lost ground once again, which continues a four-year trend of year over year declines in the amount of gas sold.
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U.S. Top NatGas Marketers Sell Less Gas in 1Q21, Turnaround Coming

Each quarter NGI (Natural Gas Intelligence) runs the numbers and publishes a list of the 25 top natural gas marketers in the U.S. These are not necessarily the top 25 producers of natural gas (although in some cases they are), but the top 25 sellers (vendors, jobbers) of natural gas. NGI’s latest quarterly report shows overall the biggest sellers of natgas “lost ground” once again in 1Q21, which continues a two-year trend of year over year declines in the amount of gas sold.
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Who *Sells* the Most NatGas in the U.S.?

Who are the biggest natural gas sellers in the U.S.? You might be surprised to learn that the biggest sellers are not necessarily the biggest producers of natural gas. Oh, you might recognize some of the names of the top sellers (BP, Shell, ConocoPhillips). But others might be more of a mystery (Macquarie, Tenaska, Direct Energy). Would it surprise you to learn that BP (i.e. British Petroleum) is the #1 seller of natgas in the U.S., and has been for years? Last quarter BP sold 22.10 billion cubic feet per day of natural gas here in the colonies. That represents 18% of all natural gas bought and sold. Each quarter NGI (Natural Gas Intelligence) runs the numbers and publishes the list of 25 top natural gas marketers in the U.S. They recently published the first quarter 2018 list, which shows that for a second quarter in a row, overall volumes are up from the same quarter a year ago. Here’s the cool thing: NGI publishes the list absolutely free on their website! As we scan down the list of who sells (i.e. markets) the most natgas in the U.S., we can’t help but notice that many of them have operations in the Marcellus/Utica region…
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UGI & Tenaska Sign Deal to Build New Marcellus Pipeline in PA

Pennsylvania electric & gas utility UGI Corporation announced yesterday they’ve cut a deal with driller Tenaska Resources to jointly develop Marcellus Shale projects in both Potter and Tioga counties in north-central PA. Over the next 10 years UGI will invest $65 million to build a new gathering pipeline system in Potter County, and another $25 million investment in return for a 19% interest in Tenaska’s Tioga County acreage/operations.

From the UGI announcement yesterday:

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