Although Pennsylvania does not have severance tax on natural gas production, the state is starting to collect more tax revenues from counties with significant Marcellus Shale development activity than from counties without it, according to a new report from Penn State University.
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Price Trend Upward, But A Volatility Pattern Is Absent, Says EIA
Annual price volatility at the Henry Hub has been high for the past decade, but there is no consistent trend of increasing or decreasing volatility, according to the Energy Information Administration (EIA). However, volatility is consistently higher in the New York market than in Chicago or at the Henry Hub.
Prices Clearly Trending Upward, But EIA Finds No Pattern for Volatility
Annual price volatility at the Henry Hub has been high for the past decade, but there is no consistent trend of increasing or decreasing volatility, according to the Energy Information Administration (EIA).
NARUC Says Climate Legislation Should Not Trample State Efforts
Any climate change legislation enacted by Congress should be “economy-wide” and “transparent, consistent, predictable and equitable,” says a draft resolution by a task force of the National Association of Regulatory Utility Commissioners (NARUC).
Legal Expert: FERC Complies with Law on Ex Parte Communications
The Federal Energy Regulatory Commission’s practices involving ex parte (off-the-record) communications are “fully consistent” with existing law, and in fact are “more stringent” than the requirements of the Administrative Procedure Act (APA), said a noted legal expert last Monday.
Legal Expert: FERC Complies with Law on Ex Parte Communications
The Federal Energy Regulatory Commission’s practices involving ex parte (off-the-record) communications are “fully consistent” with existing law, and in fact are “more stringent” than the requirements of the Administrative Procedure Act (APA), said a noted legal expert Monday.
Nexen’s Focus on Select Regions Said Key to Gas Marketing Sales
Calgary-based Nexen Inc.’s natural gas marketing business is a consistent leader in the Mastiogale customer satisfaction surveys. And for several years, it’s been a regular on NGI’s Top 20 gas marketer surveys. The secret to its success? Focus.
Transportation Notes
ANR said current operating conditions at its ANR St. Landry/FGT interconnect with Florida Gas Transmission in South Louisiana are resulting in consistent flow of around 100,000 MMBtu/d, and until those conditions change, FGT will only schedule up to 100,000 MMBtu/d at the interconnect. Normally FGT schedules up to 150,000-250,000 MMBtu/d there, ANR said. The reduction will take effect Friday.
Transportation Notes
Saying current operating conditions at its ANR St. Landry interconnect in South Louisiana are resulting in consistent flow of about 150,000 MMBtu/d, Florida Gas Transmission said Wednesday that until such conditions change, it will only schedule up to 150,000 MMBtu/d at the interconnect until further notice. Normally FGT schedules up to 250,000 MMBtu/d there. FGT also extended an Overage Alert Day notice for customers in its market area into a third day Wednesday, but loosened the tolerance for negative daily imbalances from 15% to 20%.
Big Snow in CO, But Prices Fall Amid Mild Weather
Cash prices were down a fairly consistent 3-10 cents at the great majority of points Friday in a very slow, quiet day of pre-weekend trading. Mild temperatures across the country — except for Colorado, where a snowstorm dumped a couple of feet of snow — kept heating and cooling demand to a minimum, plus the industrial load drop over a weekend played a role.