Closest

The closest thing to a sponge that would soak up some of the market’s excess natural gas is more gas-fired power generating capacity. And according to Bentek Energy LLC, producers have something to look forward to in that regard.

Cabot Oil & Gas Corp. says it is “disappointed” and “concerned” over a decision by the U.S. Environmental Protection Agency (EPA) to conduct water sampling in Dimock Township, PA, saying the action duplicates a state investigation, causes regulatory uncertainty and conflicts with Obama administration policy.

The closest thing to a production threat that the Gulf of Mexicohas had so far this year failed to cause any ripples in cash pricesMonday. Eastern quotes ranged from barely higher to about a nickeldown, while western numbers reacted mostly to renewed heat waves inCalifornia and the desert Southwest, in ranging from flat to abouta dime higher.