Complex

Citing the demands of overseeing Enron Corp.’s complex bankruptcy, the directors who now run the defunct company voted pay increases for themselves that have at least doubled their compensation, and in one case, increased the pay sixfold.

Continuing its divergent path from the petroleum futures complex, July natural gas on Monday retreated as August crude explored north of $60/bbl. Looking at expiration at the end of business Tuesday, the natural gas prompt month traded as low as $7.12 on Monday before settling at $7.138, down 22.2 cents from Friday’s settle.

In what has become a protracted and unusually complex case, FERC has said it would require Transcontinental Gas Pipe Line to pay Sunoco Inc. for any additional gathering costs that it incurs due to the pipeline’s violation of a 1992 settlement.

Choosing to run with the petroleum complex Wednesday, July natural gas futures skyrocketed in the afternoon, reaching a high of $6.80 before settling at $6.789, up an astounding 41 cents on the session.

Trading within a slim 10-cent range for the session, June natural gas appeared to be having a hard time choosing a direction on Monday. After rebounding off support in the $6.595 to $6.60 area a number of times during the session, the prompt month resolved to explore higher instead. Following a late session push that coincided with a strong move in petroleum futures, June natural gas finished Monday at $6.674, up 5.3 cents.

FERC has given Texas Gas Transmission LLC the green light to expand its storage facilities at its market-area storage complex located in Kentucky and Indiana to provide additional services to its customers.

FERC has given Texas Gas Transmission LLC the green light to expand its storage facilities at its market-area storage complex located in Kentucky and Indiana to provide additional services to its customers.

Anadarko Petroleum Corp. last week announced the successful completion of a complex natural gas transportation project beneath the Buckinghorse River in northeastern British Columbia. The project, considered the longest and deepest river crossing of its kind in North America, is currently delivering 8 MMcf/d of previously stranded natural gas, with the capacity to transport up to 30 MMcf/d.

Anadarko Petroleum Corp. on Monday announced the successful completion of a complex natural gas transportation project beneath the Buckinghorse River in northeastern British Columbia. The project, considered the longest and deepest river crossing of its kind in North America, is currently delivering 8 MMcf/d of previously stranded natural gas, with the capacity to transport up to 30 MMcf/d.