Carbon

Anadarko, Partners Tentatively Approved for WY CBM Project

The Bureau of Land Management (BLM) has given tentative approval to drill up to 2,000 natural gas wells in the Atlantic Rim Natural Gas Project in the eastern Washaki Basin, located in Carbon County, WY. Anadarko Petroleum Corp. is developing the project with Warren Resources Inc. and Double Eagle Petroleum and Mining Co.

December 5, 2006

NRG Striving for More Diversity, Betting on Gas, Clean Coal

While it is pursuing a reduced carbon power generation portfolio that includes a bold nuclear power plant play, Princeton, NJ-based NRG Energy, Inc.’s aggressive 10,000 MW, $15.9 billion long-term development plan is weighted toward an expectation that most of its new megawatts will come from natural gas- and clean coal-fired generation with a healthy dose of wind, according to a presentation Tuesday by CEO David Crane at NRG’s first day-long conference for financial analysts.

October 23, 2006

Northeast States Reach Pact to Lower Power Plant CO2 Emissions

Seven states in the Northeast agreed to implement a cap-and-trade program to lower carbon dioxide (CO2) emissions from power plants. Forward movement on the regional greenhouse gas initiative (RGGI) came after Massachusetts Gov. Mitt Romney pulled his state out of the effort and the chief executive of Rhode Island decided not to sign on to the effort at this time. RGGI is the first mandatory cap-and-trade program for CO2 emissions in U.S. history.

December 26, 2005

Futures Sift Lower; Await Fresh Storage Inventory News

Looking almost like a carbon copy of price action on Tuesday, December natural gas on Wednesday bottomed out at $11.510 and peaked at $11.930, before settling at $11.669, down 12.4 cents on the day.

November 10, 2005

Kinder Morgan Proposes Expanded Capacity at Oil Springs Facility

Kinder Morgan Inc. (KMI) is proposing to expand the capacity of its Oil Springs natural gas storage facility in eastern Carbon County, WY to 10 Bcf/year, which would allow cycling capability to third-party shippers, the company said Friday.

August 4, 2003

Pattern Repeats: Large Losses and Moderate Gains

Was it a case of deja vu? Friday’s market was close to a carbon copy of the day before. Sizeable declines in the Northeast and plunges in San Juan Basin and the Rockies mingled with moderate upticks at nearly all other points. The gains were around a dime or less in a majority of cases.

April 14, 2003

Transportation Notes

CIG declared force majure late Friday afternoon at its mainlineRawlins Compressor Station in Carbon County, WY after a compressorengine experienced problems and had to be taken out of service. CIGanticipates having the unit back in service by the April 7 gas day.There was no impact on scheduled services, a spokesman said Monday.

March 27, 2001

Volatility Continues as Profit-Taking Rescinds Early Gains

In almost a carbon copy of Monday’s session, natural gas priceserupted higherTuesday morning only to spend much of the remainderof the session checking lower as traders took profits amidintra-day technical weakness and storage uncertainty. Ending athree-day, $1.25 dollar price rally, the January contract slipped4.9 cents to close at $7.384. Meanwhile, the 12-month strip tumbledconvincingly, down 13.6 cents to $5.555.

December 6, 2000

Cash Market Nearly Repeats Tuesday

Wednesday’s cash market was almost a carbon copy ofTuesday’s-flat to about a nickel higher at the great majority ofpoints but going lower in the Rockies. About the only differencewas in California numbers, which were flat to slightly higherWednesday instead of joining the Rockies in softening.

June 25, 1998
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