Canadian producers, prodded by strong demand and their inability to catch up by sticking to prevailing methods, show signs of at last adding dimensions in exploration and unconventional development to their natural gas supply strategies.
Catch
Articles from Catch
Canadian Producers Rediscovering Exploration
Canadian producers, prodded by strong demand and their inability to catch up by sticking to prevailing methods, show signs of at last adding dimensions in exploration and unconventional development to their natural gas supply strategies.
OH Sees 9-18% Summer Power Reserve ‘Cushion’
With system reliability and power reserve margins becoming catch-phrases nationally going into summer’s hottest months, the Ohio Consumers’ Counsel (OCC) has gone on the record to allay consumers’ fears, saying it is “reasonably optimistic” the state’s electric system can meet power demand this summer.
OH Sees 9-18% Summer Power Reserve ‘Cushion’
With system reliability and power reserve margins becoming catch-phrases nationally going into summer’s hottest months, the Ohio Consumers’ Counsel (OCC) has gone on the record to allay consumers’ fears, saying it is “reasonably optimistic” the state’s electric system can meet power demand this summer.
Canadian Gas Production Pumps Up
The Canadian natural gas resource endowment is beginning to showing its depth again as new drilling attempts to catch up with demand. Production from the western provinces has increased by 680 MMcf/d this year, according to records kept by FirstEnergy Capital Corp., an investment banking house. In a “market update,” research manager Martin Molyneaux credited 70% of the production gain to a single discovery in northeastern British Columbia, the Ladyfern find by Murphy Oil Co., Apache Canada and Alberta Energy Co (see related story this issue).
Screen Takes a Dive, and Cash Tries to Catch Up
How quickly the market can change! Just two days after finishinga bidweek that saw indexes climb 30 cents or more, traders tookcash prices down Thursday to levels looking much more like Augustindexes than those of September. It was a rare point that managedto avoid a double-digit decline, and some registered drops of 20cents or more.
Screen Boosts Cash; Northwest Rupture Effect Minimal
“Following the screen”-a market catch-phrase that hasn’t been asmuch in vogue in recent weeks as it used to be-regained popularityMonday as cash prices had little else on which to base modestfirming. New quotes ranged from essentially flat in the Californiaand Northeast markets to as much as a nickel or so higher at pointssuch as the Chicago citygate and El Paso-San Juan (Blanco). Withweather in most areas staying mild and the storage situation stillbearish, it’s hard to see where else beside futures that cash couldhave derived any strength, sources said.
Upward Price Trend Slows, Expected to Reverse
Cash prices started out Tuesday playing catch-up with the Nymexscreen’s late increases on Monday, but wound up either flat or withsmall gains after futures reversed field. Only supply-constrainedSumas managed an increase of more than about 4 cents, and numberswere down a few cents on some Rockies pipes and at NorthernCalifornia market points.
Bearish Fundamentals Catch Up to Nymex Prices
The dam supporting natural gas futures prices finally burstThursday. After successfully fighting back numerous attempts tofall below major support at $2.11 the last several weeks, the JuneNymex contract succumbed to major selling by funds yesterday, andsettled the day down 10.2 cents to $2.067. Volume was extremelyheavy, with an estimated 93,072 contracts changing hands.