Southern lows predicted to drop to the 50 area east of the Mississippi River were contributing a small amount of heating load to the much bigger demand in Canada and from the U.S. Northeast through the Midwest into the Upper Plains. The entire cash market continued to move higher Thursday except for a flat Agua Dulce, but significantly smaller increases than the day before signaled that the week’s bullishness might be running out of steam.
Articles from Contributing
Canadian natural gas exports deteriorated further during the 2009-2010 heating season, contributing to an accelerating switch of drilling targets to oil north of the border.
Prices continued to rise at nearly all points Wednesday as the South began contributing some heating load of its own to what already existed from the Northeast through the Rockies. Temperatures were due to keep falling Thursday in the Northeast and sections of the Midwest, but some moderation was forecast for the Rockies.
Activity in British Columbia’s (BC) Horn River Basin has been contributing to leasing records in the province, spurring new pipeline proposals and a proposal for a new gas processing plant, which EnCana Corp. filed recently with provincial regulators.
A key factor contributing to greater revenues to the state of Alaska under TransCanada Corp.’s TC Alaska mega-pipeline proposal rather than a competing proposal advanced by major producers is that the producer plan financing is expected to be based on a higher level of equity requiring higher transportation rates and lower netback and royalty payments, according to the analysis and determination issued last Tuesday by state Commissioners of Natural Resources and Revenue.
A key factor contributing to greater revenues to the state of Alaska under TransCanada Corp.’s TC Alaska mega-pipeline proposal rather than one put forward by major producers is that the producer plan financing is expected to be based on a higher level of equity requiring higher transportation rates and lower netback and royalty payments, according to the analysis and determination issued Tuesday by state commissioners of Natural Resources and Revenue.
Anadarko Petroleum Corp.’s domestic gas sales grew 65% in the second quarter from the year-ago period while realized gas prices increased 12.5%, contributing to a hefty revenue surge. However, net income was down for the quarter, $652 million ($1.39/share) versus $814 million ($1.76/share), a 20% decline blamed in large part on income taxes associated with divestitures as well as higher interest expense.
Exploration and production (E&P) activity in the Barnett Shale is contributing more than $5 billion annually to North Texas coffers and has created about 55,000 permanent jobs in the area, according to a study of energy companies drilling and producing in the 14 counties of the hydrocarbon-rich region.