With the exception of Western and Rockies delivery points,natural gas prices began the new week flat or leaning downward acouple of cents. There was support resulting from supplyconstraints in the San Juan Basin and forecasts for above normaltemperatures in the Rockies. However, cash prices for the rest ofthe country appeared to be held back by a weakening Nymex futuresscreen and moderate temperatures in major northeastern markets,sources said.
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Amoco’s Hugoton Jayhawk gas processing plant in Ulysses, KS,recently began operations with capability to process 450 MMcf/d andrecover up to 33,000 barrels of gas liquids per day. HugotonJayhawk currently is processing about 400 MMcf/d, of which 280MMcf/d is supplied by Amoco-operated wells.
Atlanta Gas Light (AGL) Monday began testimony before theGeorgia Public Service Commission (PSC), seeking approval for itsunbundling plan that would give more than 1.4 million customerssupplier choice. AGL’s proposal follows the guidelines of theNatural Gas Competition and Deregulation Act signed into law byGeorgia Governor Zell Miller last April.