Buyers

By late last week, 544 companies, both buyers and sellers of natural gas, had for the first time reported their annual spot market purchases and sales on FERC’s new Form 552, which is intended to bring price transparency to the natural gas market. The results will inform the Commission as to the relative use of fixed price versus indexed transactions in the daily and monthly market. Additional company submissions may still appear before the filing deadline July 1.

As of Thursday, 544 companies, both buyers and sellers of natural gas, had for the first time reported their annual spot market purchases and sales on FERC’s new Form 552, which is intended to bring price transparency to the natural gas market. The results will inform the Commission as to the relative use of fixed price versus indexed transactions in the daily and monthly market. Additional company submissions may still appear before the filing deadline July 1.

December natural gas futures staged a stout advance as near-term weather expectations provided a healthy incentive for buyers. The National Weather Service in its six- to 10-day forecast showed a broad stretch of the country from Louisiana to Vermont and as far west as Kentucky as having to endure below-normal temperatures. From Chicago to Dallas all the way to the West Coast was forecast to be above normal. December futures rose 22.1 cents to $6.533, and January rose 17.3 cents to $6.641. December crude oil slipped $2.09 to $54.95.

With no shortage of prognosticators on commodities markets it’s important that traders and energy buyers do their own homework, former trader Tony Kolton told an audience of gas utility executives last Tuesday.

With no shortage of prognosticators on commodities markets it’s important that traders and energy buyers do their own homework, former trader Tony Kolton told an audience of gas utility executives Tuesday.

U.S. liquefied natural gas (LNG) buyers who are disappointed at the dearth of spot cargoes available on the world market have but one consolation: If they could get a spot cargo, they probably couldn’t afford it.

U.S. liquefied natural gas (LNG) buyers who are disappointed at the dearth of spot cargoes available on the world market have but one consolation: If they could get a spot cargo, they probably couldn’t afford it.

Chesapeake Energy Corp. is looking for buyers for three sets of properties throughout the Rocky Mountains and another leasehold in the Woodford Shale of Oklahoma.

Chesapeake Energy Corp. is looking for buyers for three sets of properties throughout the Rocky Mountains and another leasehold in the Woodford Shale of Oklahoma.