Bulging

Record Inventory Levels Prompt EIA to Trim Gas Price Projection — Again

Record-high natural gas working inventories, which are bulging after mild temperatures held down demand through the winter, have prompted the Energy Information Administration (EIA) to once again revise downward its projection for natural gas prices this year.

May 14, 2012

EIA Cuts Price Projection Again on Record Gas Inventories

Record-high natural gas working inventories, which are bulging after mild temperatures held down demand through the winter, have prompted the Energy Information Administration (EIA) to once again revise downward its projection for natural gas prices this year.

May 9, 2012

DCP Midstream Plan Targets Midcontinent-Gulf Arbitrage

Bulging natural gas liquids (NGL) supplies in the Midcontinent have prompted a plan to carry the bounty to more lucrative Gulf of Mexico region markets.

June 10, 2011

Energy Secretary Calls Shale Gas a ‘Big Deal’

The bulging natural gas supply is one of the three “major themes” — the other two being world oil prices and climate change policy — that will drive U.S. energy policy in the years ahead, said the head of a Washington, DC-based nonprofit energy and environmental research group Tuesday. Energy Secretary Stephen Chu called shale gas a “big deal” because “gas will be [the] transition fuel as [we] go to renewables.”

April 7, 2010

Energy Secretary Calls Shale Gas a ‘Big Deal’

The bulging natural gas supply is one of the three “major themes” — the other two being world oil prices and climate change policy — that will drive U.S. energy policy in the years ahead, said the head of a Washington, DC-based nonprofit energy and environmental research group Tuesday. Energy Secretary Stephen Chu called shale gas a “big deal” because “gas will be [the] transition fuel as [we] go to renewables.”

April 7, 2010

EIA Projection for Winter Gas Prices Remains Unchanged

Pointing to warmer-than-normal weather and still-bulging natural gas inventories, the Energy Information Administration (EIA) in its Short-Term Energy Outlook for December projected that spot gas prices would remain under $9/Mcf throughout the winter heating season. The price prognosis was basically unchanged from the EIA’s forecast last month (see NGI, Nov. 13).

January 15, 2007

EIA Projection for Winter Gas Prices Remains Unchanged

Pointing to warmer-than-normal weather and still-bulging natural gas inventories, the Energy Information Administration (EIA) in its Short-Term Energy Outlook for December projected that spot gas prices would remain under $9/Mcf throughout the winter heating season. The price prognosis was basically unchanged from the EIA’s forecast last month (see Daily GPI, Nov. 8).

January 10, 2007

EIA Ratchets Down Price, Demand Projections for ’06

Citing bulging natural gas inventory levels and lower consumption, the Energy Information Administration (EIA) again revised downward its Henry Hub spot price forecast for the year in its Short-Term Energy Outlook to about $7.61/Mcf from the $7.74/Mcf that was projected last month, and ratcheted down its average price forecast for 2007 to $8.13/Mcf from its June prediction of $8.81/Mcf.

July 12, 2006

EIA Says Weaker Demand, Inventory Overhang Spell Lower Spot Prices This Year

Reduced demand for natural gas in the electric generation and residential markets, combined with bulging inventories for this time of the year, are setting the stage for weaker spot gas prices throughout much of the year, according to the Energy Information Administration’s (EIA) Short-Term Energy and Summer Fuels Outlook that was released Tuesday.

April 12, 2006

PG&E Awash in Cash, Rate Base Bulging

Starting with a $15 billion rate base on which to earn an 11.22% return, Pacific Gas and Electric Co., which recently emerged from bankruptcy, now faces the second half of the year with bullish optimism, knowing that even small percentage growth can reap some big bucks. That is why the utility’s executives Tuesday predicted solid earnings and a restoration of a dividend early next year for the first time in four years.

August 9, 2004
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