Additions

With some additions to heating load in the East being arrayed against a Rockies warming trend and a significant drop by prompt-month futures a day earlier, the result was little price movement up or down at eastern locations Tuesday along with fairly large declines at a majority of western points.

FERC Monday issued a favorable environmental review of Rockies Express Pipeline’s (REX) proposal for compressor additions to expand capacity between Meeker Hub and Cheyenne Hub on the REX/Entrega leg of the 1,679-mile west-to-east system.

Rockies Express Pipeline (REX) has filed an application at FERC for compressor additions to expand capacity between Meeker Hub and Cheyenne Hub in Colorado on the REX/Entrega leg of the 1,679-mile west-to-east system.

Rockies Express Pipeline (REX) has filed an application at FERC for compressor additions to expand capacity between Meeker Hub and Cheyenne Hub in Colorado on the REX/Entrega leg of the 1,679-mile west-to-east system.

The pipeline industry worldwide is set to ramp up substantial capacity additions between now and 2013, with natural gas pipelines responsible for 63% of total capital expenditures (capex) over the period, according to a report.

July natural gas futures posted a hefty gain Thursday after a government inventory report showed additions to storage that were smaller than trader expectations. Longer-term observers, however, see the current supply argument as overdone. July futures rose 13.8 cents Thursday to close at $12.798, while August settled 14.6 cents higher at $12.895. July crude oil rose 36 cents to $136.74/bbl.

As the power industry is about to begin its next wave of generation capacity additions, coal and nuclear are the most talked about sources for new baseload capacity. Within both categories the industry has options to consider, and the best choices have yet to be determined by markets and other factors.

With more technological advances to unlock emerging natural gas plays in the U.S. onshore, gas reserve additions continued to surpass oil reserve growth last year, with the top 50 U.S. producers increasing total gas reserves by 11.8% to 127.8 Tcf, according to a survey by energy analyst John S. Herold.

Barely three years after a handful of producers began booking small reserves additions, the infant Canadian coalbed methane sector has earned respect in a new report on the national gas endowment by industry elders. The Canadian Gas Potential Committee, a powerhouse composed of veterans from agencies such as the Geological Survey of Canada and the Alberta Energy and Utilities Board, recognized 26 Tcf of CBM as “marketable,” up from zero in the group’s last report in 2001.