Petal Gas Storage Co. (Petal), a subsidiary of Louisiana-basedCrystal Oil Co., plans to expand its high-deliverability saltcavern storage facility near Hattiesburg, MS. The proposedexpansion would include leaching an additional salt cavern with astorage capacity of 5 Bcf of which 3 Bcf would be working gas. Thenew cavern, combined with the existing 5.2 Bcf cavern (3.2 Bcfworking gas) would have a withdrawal capacity of 600 MMcf/d.
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PG&E Energy Services Inks Retail Deal
PG&E Energy Service continued to amass a large collection ofretail supply and services contracts yesterday, adding Lucky Storesand American Drug Stores to a list that includes Safewaysupermarkets, Rite-Aid drug stores, McDonald’s restaurants,Blockbuster stores, ARCO gas stations Neiman-Marcus departmentstores and IBM.
June 18, 1998
Futures Higher on Technical Buying
The futures market continued to receive strong technicalfollow-through buying on Monday, adding to gains posted last weekthat some analysts feel could be signaling the end to the two-monthdowntrend in natural gas prices.
June 16, 1998
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