Fitch: Eagle Ford Spending Easier on Midstream Credits

Liquids-rich gas and high initial production rates from oil wells are driving red hot interest in the Eagle Ford Shale, and this is only bolstered by the region’s established midstream infrastructure and proximity to energy markets, Fitch Ratings said in a new report. More isolated shale basins need costly “mega pipelines,” which are tougher on credit ratings, Fitch said.

October 16, 2012

Heat-Cold Combo Boosts Nearly All Points

Major weather forecast contrasts for Tuesday — cold to below-freezing lows in much of the northern half of the U.S. and Canada, along with highs due to hit the mid to upper 80s and even low 90s occasionally in several broad swaths across the southern U.S. — combined to produce spot price gains at all but two locations Monday.

April 19, 2011

General Western Softness Contrasts With Upticks in East

The cash market separated on a rough geographical split in Friday’s trading for the weekend, with eastern points tending to range from flat to 20 cents higher, while flat to barely lower numbers in the unusually sultry Pacific Northwest belied overall western softness in which losses went as high as about half a dollar.

June 9, 2003

San Juan/Rockies Spikes Contrasts With Overall Price Dive

Spikes of 40-50 cents or so Friday at San Juan Basin/Rockies points were in sharp contrast to losses of about 15 cents to more than 30 cents in the rest of the market.

October 28, 2002

East’s Softness Contrasts With Western Strength

Once again Monday flat to higher Western numbers were in starkcontrast to Eastern prices that mostly fell by around a nickel,although there were a few pockets of resistance in the East thatsaw flat to slightly higher pricing. Trading was predictablysubdued because of the simultaneous Thanksgiving Day in Canada andColumbus Day in the U.S., although few in the gas industry otherthan utilities took off for Columbus Day.

October 13, 1998

Canadian Strength Contrasts With U.S. Softness

Canadian prices were strong Thursday, but it was a verydifferent market south of the border. Nearly all U.S. points werefalling between a nickel and a dime in what several sources agreedwas a “very quiet” trading day near the end of a quiet tradingweek. One marketer said he thinks everybody in the industry wantsto go play golf and say, “See you Sept. 1.”

August 7, 1998

Northeast Flatness Contrasts with Big California Drop

Cash price changes for the weekend varied widely, ranging fromrelative flatness in Appalachia and Northeast citygates to drops of10-20 cents at the California border. The big weakness inCalifornia numbers was due to trader fears of weekend OperationalFlow Orders by SoCal Gas and PG&E, whether or not they evermaterialized, sources said. (Neither utility had an OFO in effectas of Saturday.) However, SoCal was cutting all as-availablestorage injections, helping to keep Topock prices depressed, amarketer said.

May 11, 1998