Albeit

A temporary, albeit modest, upcoming respite from frigid conditions took the wind out of the Northeast’s recent price spike sails Tuesday, causing citygates to plunge by more than a dollar in many cases. However, small gains remained in play for most of the rest of the market as cold temperatures continued to dominate the overall weather scene.

While there are still signs of a slowed economy, for the most part major natural gas infrastructure projects in the West are still on target, albeit on a slightly smaller scale or delayed timetable, according to comments last week from executives for El Paso Natural Gas and Kern River Gas Transmission Co.

While there are still signs of a slowed economy, for the most part major natural gas infrastructure projects in the West are still on target, albeit on a slightly smaller scale or delayed timetable, according to a panel of project representatives who spoke Tuesday at the LDC Gas Forum: West & Rockies conference in Irvine, CA.

Total domestic natural gas production levels rose in June despite depressed prices and a decline in drilling activity, but onshore output saw a decline — albeit slight — for the fourth consecutive month, according to the latest production data released by the Energy Information Administration (EIA) Thursday.

Total domestic natural gas production levels rose in June despite depressed prices and a decline in drilling activity, but onshore output saw a decline — albeit slight — for the fourth consecutive month, according to the latest production data released by the Energy Information Administration (EIA) Thursday.

Prices continued to fall at a majority of points Thursday, but declines were generally small at less than a dime. There were signs of new, albeit slight, firmness as several more locations were flat to 2-3 cents higher than on the day before.

In the face of continued, albeit moderating, growth in its principal service areas of Nevada and Arizona, Las Vegas, NV-based Southwest Gas Corp. gained a revised positive outlook and a triple-B (BBB-) credit rating Wednesday from Standard & Poor’s Ratings Services (S&P). S&P cited a stronger cash flow and declining overall debt.

Former Federal Reserve Chairman Alan Greenspan coined his famous phrase “irrational exuberance” in late 1996; what followed — albeit a few years later — was the dot-com bust. Now, nearly a decade later Greenspan’s prescient commentary is being applied to the exploration and production (E&P) industry.

Former Federal Reserve Chairman Alan Greenspan coined his famous phrase “irrational exuberance” in late 1996; what followed — albeit a few years later — was the dot-com bust. Now, nearly a decade later Greenspan’s prescient commentary is being applied to the exploration and production (E&P) industry.