Proposed legislation to require natural gas operators to pay for the costs to remediate contamination caused by drilling wells is being floated by New York State Comptroller Thomas DiNapoli.
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Raymond James Survey: Independents’ Production Growing
U.S. natural gas production by publicly traded companies rose 5% in 3Q2006 — the first time absolute year-over-year growth was visible in four years, according to a survey by Raymond James Energy. Most of the growth though, was the rebound following the hurricane-related production deferrals in late 2005. Removing the storm impact, domestic gas production actually fell about 0.3% year-over-year, which may imply higher prices in 2007.
Raymond James Survey: Independents’ Production Growing
U.S. natural gas production by publicly traded companies rose 5% in 3Q2006 — the first time absolute year-over-year growth was visible in four years, according to a Raymond James Energy Industry Brief. Most of the growth though, was the rebound following the hurricane-related production deferrals in late 2005. Removing the storm impact, U.S. gas production actually is down about 0.3% year-over-year, implying higher gas prices in 2007.
Bears Reign as Absolute Level of Storage Trumps Smallish Injection
After initially moving higher on the news that a smaller-than-expected 34 Bcf was added to storage last week, the natural gas futures market tumbled lower Thursday on the realization that refills will continue for at least another week.
Altrade: New Online Power Trading a Success
After the first full week of trading, Altra Energy Technologies’new online power trading platform, Altrade Power, has been an”absolute” success, the company said last week. The new system,which started service Oct. 14, has already performed transactionstotaling two million MWh.