The November aftermarket failed to surprise anyone by startingout Tuesday generally well below monthly indexes andlast-of-October prices. Only the Southern California border andMalin managed to stay close to bidweek levels.
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Shut The Door! It’s Cold
Anyone who was complaining about a lack of winter likely hasshut up by now, and for good reason. Right on top of the first one,the eastern United States last week was bracing for its second coldsnap of the year.
Industry Briefs
Columbia Gas opened a data room this week to provide informationto anyone interested in buying its Derrick’s Creek storage field inKanawha County, WV. The field has about 6.2 Bcf of total storagespace, 20 gas storage wells and 13 miles of related pipelinefacilities. In 1996, Columbia announced plans to sell the field,which is not part of its core transportation and storageoperations. Interested parties should contact Columbia at (304)357-2282. Access to the data room will be available until Dec. 3.
Initial Aftermarket Softening Is Greater in the East
It shouldn’t have shocked anyone when the October aftermarketstarted out weak; after all, a number of sources had beenpredicting such a situation to NGI all week. The softening fromindex levels in swing deals done Thursday for today-only flow wasdivided somewhat on a geographic basis: declines of 15-20 cents ormore in the East were considerably greater than those in the West,which generally were less than a dime. California points evenmanaged about flat showings.
Survey: Industry Doubts Canadians Can Fill Pipes
It should come as no surprise to anyone following the gasindustry that a recent survey of companies found the gas world tobe of “two minds” when it comes to supply-demand issues.
Arthur Andersen Sees Structural Change from Oil to Energy
In case anyone hadn’t noticed, profoundly depressed commodityprices have the world oil industry facing serious uncertainty overits future, according to the 1999 edition of World Oil Trends, ajoint report by Arthur Andersen and Cambridge Energy ResearchAssociates (CERA).
Study: Current Oil Slump Unlike the Last One
In case anyone hadn’t noticed, profoundly depressed commodityprices have the world oil industry facing serious uncertainty overits future, according to the 1999 edition of World Oil Trends, ajoint report by Arthur Andersen and Cambridge Energy ResearchAssociates (CERA).
Analyst Predicts Electrics Will Swallow Gas
Anyone working for a gas company today won’t be in a few yearsif a prediction of BT Alex Brown Managing Director Edward TirelloJr. comes true. “On convergence, I believe that the electriccompanies will buy up all of the gas companies over the next fiveyears, and that will be the end of it.”
Analyst: Electrics Will Swallow Gas Companies
Anyone working for a gas company today won’t be in a few yearsif a prediction of BT Alex Brown Managing Director Edward TirelloJr. comes true. “On convergence, I believe that the electriccompanies will buy up all of the gas companies over the next fiveyears, and that will be the end of it.”
High Utility Demand Now, But Watch Out for Fall
Anyone who’s been outside just about anywhere in the countryknows summer came on early this year and came on strong. Electricutilities that usually don’t hit their demand peaks until July orAugust hit their high marks last month. And the heat likely won’tbe retreating in August.