Compounded

Physical natural gas prices on average lost a whopping 36 cents Friday as the normal reluctance of buyers to commit to weekend gas was compounded by a weak screen, near-record gas in inventories, forecast warmth for the upcoming week in major energy markets and reports of ever-higher domestic production.

Land that Anadarko Petroleum Corp. has long controlled in northern Colorado in the Wattenberg Field holds a huge liquids-rich resource potential of 500 million to 1.5 billion boe net, executives disclosed this week. Separately, Noble Energy Inc., which controls 400,000 net acres in the play, said Tuesday it has identified 1.3 billion boe of net risked resources with the potential for even more.

Global energy “demand shock,” compounded by tight oil supplies, constraints on U.S. natural gas production and geopolitical turmoil, has put the United States’ energy situation at a critical juncture, according to Daniel Yergin, chairman of Cambridge Energy Research Associates (CERA).

Global energy “demand shock,” compounded by tight oil supplies, constraints on U.S. natural gas production and geopolitical turmoil, has put the United States’ energy situation at a critical juncture, according to Daniel Yergin, chairman of Cambridge Energy Research Associates (CERA).

Texas Eastern said that due to mild weather over the past weekend it experienced significant underdeliveries that were compounded by over-receipts into its system. As storage fields fill, the pipeline said it has limited capacity for injections to deal with shipper imbalances. Tetco said all customers need to work off “Due Shipper” imbalances immediately. Tetco expects the mild weather conditions to continue. No shipper imbalances can be absorbed across its entire system until further notice.

Confusion over the new FERC formula for pricing wholesale power during emergency situations in the West may have caused some generators to withhold supply from the California and Nevada markets early last week, aggravating the already-existing tight supplies in both states, power officials said.

Confusion over the new FERC mechanism for setting wholesale power prices during emergency situations in the West may have caused some generators to withhold supply from the California and Nevada markets earlier this week, aggravating the already-existing tight supply situations in both states, power officials said.

Unprecedented sustained peaks in electricity prices throughoutthe Pacific Northwest and California in May and June, compounded bywholesale trading mistakes made in early May, are contributing to”significant losses” in the second quarter for Avista Corp.’sregulated utility operations, the company revealed yesterday.