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Amid

MMS’ Burton: Three Months Before Most Gulf Production Back on Market

Amid the extensive damage to onshore energy facilities in the wake of Hurricane Katrina, Minerals Management Service (MMS) Director Johnnie Burton on Friday said it will be at least three months before 90% of pre-storm Gulf of Mexico production returns to U.S. markets. Right now the GOM is producing about 65% of its pre-Katrina average of natural gas and less than half of its previous oil volumes.

September 19, 2005

Most Prices Fall Despite 651 MMcf/d in Emily Shut-Ins

Cash prices saw a few instances of flat to moderately higher numbers Tuesday amid an overall slippage that ranged from 2-3 cents to about 30 cents. The sell-off in the futures market slowed Tuesday with the near-month contract dropping only 6.6 cents to $7.586. Quotes were generally only a few pennies lower in the Northeast with slightly larger drops in the Midcontinent, Midwest and Gulf Coast regions, but some western points slid more than 20 cents.

July 20, 2005

Stakeholders Struggle to Get Mackenzie Project Back on Track

A national effort has begun across Canada to save the C$7-billion (US$5.6-billion) Mackenzie Gas Project, amid signs that the rescue operation will not be quick or easy.

May 9, 2005

Stakeholders Struggle to Get Mackenzie Project Back on Track

A national effort has begun across Canada to save the C$7-billion (US$5.6-billion) Mackenzie Gas Project, amid signs that the rescue operation will not be quick or easy.

May 6, 2005

NYC Hits $30 Amid Northeast Spikes; All Points Except Sumas Up Strongly

Northeast citygates spiked by multi-dollar amounts Friday, greatly outpacing strong price increases at all points except Sumas. Transco Zone 6-New York City led the pack with a peak quote of $30 and an average of more than $16 as a massive cold front moved into the East. It is scheduled to stick around for a while.

January 18, 2005

Some $2-Plus Gains Seen Amid Overall Spikes

In a next-trading-day response to Wednesday’s triple-digit increase in December futures that was beefed up by rising heating demand in several market areas, swing prices for last-day-of-November flows skyrocketed Monday by triple-digit amounts themselves virtually across the board. Some points, mostly in the West, racked up increases of more than $2.

November 30, 2004

Some $2-Plus Gains Seen Amid Overall Spikes

In a next-trading-day response to Wednesday’s triple-digit increase in December futures that was beefed up by rising heating demand in several market areas, swing prices for last-day-of-November flows skyrocketed Monday by triple-digit amounts themselves virtually across the board. Some points, mostly in the West, racked up increases of more than $2.

November 30, 2004

Bearish Storage Data Expected to Extend Price Swoon

A couple of instances of flat numbers in the Northeast were conspicuous amid an overall softening Thursday. Weak fundamental weather support and falling energy futures Wednesday and Thursday prompted losses ranging from a little less than a nickel to 15 cents or so, with most declines weighing in at a dime or more.

August 27, 2004

Flat Patches Seen Amid Overall Price Declines

The cash market was moderately softer for the most part Thursday, although quite a few points, primarily in the Northeast and Gulf Coast, turned in flat showings. Most losses were in single digits; those of a dime or more were concentrated in the West and Midcontinent, led by intra-Alberta’s drop of about C25 cents.

August 20, 2004

Amid Storms and Crude Oil Record Highs, Gas Finishes Week With Gain

In a classic example of a market that bends, but has yet to break, natural gas futures rebounded ahead of the weekend after notching a new low for the week early in Friday’s session. With that the September contract concluded a tumultuous week of trading in which three up days were not enough to overcome two days of significant losses. The contract finished at $5.533, up 9.1 cents for the day, but down 5.5 cents for the week.

August 16, 2004