Traders resurrected a phrase they hadn’t been using very muchlately: “following the screen.” Like a rising tide that lifts allboats, the Henry Hub futures contract for September turned in astrong performance Wednesday and spurred moderate firmness in cashnumbers. In the absence of substantial change in marketfundamentals, there was little besides the Nymex pit for cashguidance, a marketer said.
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Transportation Note
Transwestern will shutdown Station 1 (Kingman) for automationbeginning Sept. 1. The station should be back up Nov. 31. CurrentWest of Thoreau capacity is 950,000 MMBtu/d. This will be cut toabout 875,000 MMBtu/d during the outage.
August 6, 1999
IPE Board Turn Its Back on NYMEX
The board of directors for the London-based InternationalPetroleum Exchange urged its members Wednesday to accept a buy-outoffer from five outside investors rather than accept a proposedmerger bid from the New York Mercantile Exchange. The 475 membersof the IPE will vote on the sale at an extraordinary generalmeeting held on July 30. The board threatened to resign if theoutside investor sale failed.
July 9, 1999
NGSA Taps Horvath as New Leader
A former pipeline lobbyist has been tapped to steer the NaturalGas Supply Association (NGSA) back on course following the scandalin which its former president, Nicholas J. Bush, allegedly swindled$2.8 million from the group.
June 14, 1999
Horvath Tapped to Guide NGSA Out of Dark
A former pipeline lobbyist has been tapped to steer the NaturalGas Supply Association (NGSA) back on course following the scandalin which its former president, Nicholas J. Bush, allegedly swindledit out of about $2.8 million.
June 9, 1999
Futures Higher Before, After Bullish Storage Data
After slipping 2.5 cents Tuesday, the May natural gas futurescontract climbed back up to just below stubborn support at $2.19yesterday in tenuous trading ahead of the release of the AmericanGas Association (AGA) storage report. May finished the session up 3cents to $2.174.
April 22, 1999
BP Amoco Now Anglicizing Arco in $26.8 B Deal
The British are coming back to the merger table. Still digestingits acquisition of Amoco, British Petroleum last week scrolled onenotch down the alphabetic menu of E&P companies to rest itshungry eyes on Atlantic Richfield Co. (Arco).
April 5, 1999
Analysts: El Paso-Southern Merger Dead for Now
It’s been all talk but no action and as a result industryanalysts are starting to back away from rampant rumors of apotential merger between Southern Co. and El Paso Energy.
March 1, 1999
Analysts: El Paso-Southern No Deal So Far
It’s been all talk but no action and as a result industryanalysts are starting to back away from rampant rumors of apotential merger between Southern Co. and El Paso Energy.
March 1, 1999
Georgia PSC Holds Back Customer Assignment
Despite three of Atlanta Gas Light’s nine gas customer poolssurpassing the Georgia Public Service Commission’s (GPSC)requirements to become fully competitive, the GPSC has decided notto move forward with the customer assignment process because ofplanned legislation that would declare Atlanta Gas Light’s (AGL)entire service territory competitive possibly as early as thisfall.
February 26, 1999
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