Amounts

Prices continued to rise by mostly small amounts Tuesday as temperatures tended to increase slightly in most areas and the market got some extra support from a 10.7-cent increase by October futures from a day earlier.

More than 242,000 acres in the Vermillion Basin region of northwestern Colorado, considered to hold huge amounts of natural gas, would be off limits to drillers under a proposed Resource Management Plan (RMP), the U.S. Bureau of Land Management (BLM) said last week.

More than 242,000 acres in the Vermillion Basin region of northwestern Colorado, considered to hold huge amounts of natural gas, would be off limits to drillers under a proposed Resource Management Plan (RMP), the U.S. Bureau of Land Management (BLM) said late Tuesday.

Prices declined by major amounts Tuesday as Tropical Storm Alex refused to become a hurricane and appeared determined to make landfall in northeastern Mexico, well clear of the Gulf of Mexico (GOM) production area. Also, heat levels, while still fairly warm in the southern U.S., had receded to some extent since last week.

Prices were up by double-digit amounts at nearly all points Monday, getting strength from warming temperatures returning to several areas, a futures gain of 13.4 cents on the preceding Friday and news of a tropical system off the West African coast that had a good chance of becoming the Atlantic’s first named storm (Alex) of the season.

The Interior Department’s Minerals Management Service (MMS) believes “substantial amounts” of natural gas could exist in the North Aleutian Basin, which lies in the southern Bristol Bay region of the Bering Sea off the northern shore of Alaska, the Governmental Accountability Office (GAO) told Congress.

The Interior Department’s Minerals Management Service (MMS) believes “substantial amounts” of natural gas could exist in the North Aleutian Basin, which lies in the southern Bristol Bay region of the Bering Sea off the northern shore of Alaska, the Governmental Accountability Office (GAO) told Congress.

The Interior Department’s Minerals Management Service (MMS) believes “substantial amounts” of natural gas could exist in the North Aleutian Basin, which lies in the southern Bristol Bay region of the Bering Sea off the northern shore of Alaska, the Governmental Accountability Office (GAO) told Congress.

Getting a big boost from the jump of 21.7 cents by May futures going into the holiday weekend, spot prices rose by double-digit amounts at all points Monday. Increases in cooling load across the South and some residual heating demand in parts of the West, as well as the return of industrial load following a long holiday weekend, also contributed to the cash bullishness.