Boosts

California Gas Outlook Seen Flat, Except Power, NGVs

While the power generation and transportation fuel sectors could see substantial boosts in natural gas use, California’s overall gas demand is expected to stay essentially flat in the next two decades, according to two recent companion gas reports released by the California Energy Commission (CEC).

June 6, 2012

Cold Boosts Prices; Thin Trading Likely Thursday

With a new cold front already freezing the Midwest and similar conditions either moving into or approaching the South and Northeast, prices were on the rebound Wednesday everywhere except for a flat Iroquois Zone 2 and at Northern Natural-Ventura, which had been the sole stronger point the day before. Most gains were in double digits and ranged as high as 40 cents or so, but a few rose by only a nickel or slightly less.

December 23, 2004

Dominion Boosts LNG Storage Capacity at Cove Point Ahead of Schedule

Dominion has increased it liquefied natural gas (LNG) storage capacity at the Cove Point, MD, LNG import terminal to 7.8 Bcf from 5 Bcf with the addition of a new gas storage tank. The new tank holds 135,000 cubic meters of LNG, which is equivalent to 2.8 Bcf of natural gas.

December 13, 2004

Dominion Boosts LNG Storage Capacity at Cove Point Ahead of Schedule

Dominion has increased it liquefied natural gas (LNG) storage capacity at the Cove Point, MD, LNG import terminal to 7.8 Bcf from 5 Bcf with the addition of a new gas storage tank. The new tank holds 135,000 cubic meters of LNG, which is equivalent to 2.8 Bcf of natural gas.

December 9, 2004

Dominion Boosts LNG Storage Capacity at Cove Point Ahead of Schedule

Dominion has increased it liquefied natural gas (LNG) storage capacity at the Cove Point, MD, LNG import terminal to 7.8 Bcf from 5 Bcf with the addition of a new gas storage tank. The new tank holds 135,000 cubic meters of LNG, which is equivalent to 2.8 Bcf of natural gas.

December 9, 2004

Questar Boosts Spending on High-Return E&P Projects

Questar Corp. said Tuesday it will increase capital spending by $25 million to accelerate its drilling programs in the Rockies and Midcontinent regions. The company now expects to spend $480 million for 2004 capital projects, with $344 million targeted for exploration and production, gas development, gas gathering and other nonregulated activities through its Questar Market Resources subsidiary. The regulated pipeline and utility businesses plan to spend $127 million.

August 11, 2004

Hurricane Hype Boosts Futures a Dime; Traders Remain Cautious

Despite mild-temperature forecasts, the natural gas futures market rebounded Monday as traders bid prices higher on concerns over increased tropical activity in the Atlantic Ocean and Gulf of Mexico. At $5.70 the September contract gapped higher at the opening bell on its way to an early high at $5.75. The contract eased slightly in the late morning hours and then stabilized in quiet afternoon trading. September closed at $5.693, up 10.5 cents for the session.

August 10, 2004

Swift Boosts Capital Spending 20%, Reports Solid Domestic Production Gains

Swift Energy said Tuesday its domestic production in the second quarter increased 20% to 10.2 Bcfe compared to the 2003 second quarter production of 8.5 Bcfe, but was 2% lower than first quarter 2004 volumes of 10.4 Bcfe. The company also announced that it will boost its capital spending budget for the year by 20% to $160-175 million in response to higher expected cash flow due to high commodity prices and, to a lesser extent, rising production volumes.

July 21, 2004

Storage Ignored as Crude Rally Boosts Natural Gas Futures

August natural gas futures rallied on Thursday as the Energy Information Administration reported a storage build of 93 Bcf for the week ended June 25. The prompt month climbed 6.2 cents to close at $6.217.

July 2, 2004

EIA Boosts Spot Gas Price Forecast, Trims Demand Estimate

The Energy Information Administration (EIA), in its Short-Term Energy Outlook for May, again raised its projection for the average spot price of natural gas this year — by 7% to an average of $5.80/Mcf from the $5.40/Mcf that it had projected last month.

May 17, 2004
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