PHMSA Requires More Work, Tests For Full-Service on Tetco’s Penn-Jersey System

The Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued Spectra Energy Corp. an amended corrective action order detailing a slate of work that must be completed before Texas Eastern Transmission’s (Tetco) Penn-Jersey system can return to full-service after an April blast that damaged it.

July 21, 2016

Talisman, DEP Investigate Tioga County Well Control Incident

Talisman Energy Inc. temporarily shut down all hydraulic fracturing (fracking) operations in North America while it investigated a well control incident that occurred Jan. 17 at a Talisman natural gas well on state forest land in Tioga County, PA, the Pennsylvania Department of Environmental Protection (DEP) said Tuesday. DEP is conducting a separate investigation of the incident.

January 26, 2011

Futures Climb on News of Voluntary Producer Rig Pullback

Energy traders still recovering from the October crude contract’s blowout expiration Monday were treated to a small corrective action Tuesday, while October natural gas futures tested the upper parameters of the recent trading range. November crude dropped $2.76 to close at $106.61/bbl and October natural gas ventured temporarily above $8 before finishing at $7.931, up 27.3 cents from Monday’s close.

September 24, 2008

Futures Reverse Course, September Expires Lower at $5.430

Taking corrective action following Tuesday’s 21-cent-plus gain, natural gas futures traders pushed the expiring September contract to a low of $5.380 on Wednesday before it went off of the board at $5.430, down 16.3 cents on the day.

August 30, 2007

Corrective Action Drops November Futures 36 Cents

Following last week’s $1.582 increase in November natural gas futures to close on Friday at $7.241, traders on Monday launched a corrective action and pushed the contract back below the $7 level to $6.840 before settling at $6.881, down 36 cents on the day.

October 24, 2006

Analyst Sees ‘Tens of Thousands’ of MW Being Mothballed

American Electric Power’s (AEP) announcement last week that it plans to mothball several power plants in Texas by the end of this year is likely to be just the start of what is expected to be a “sizable economic displacement” of incumbent utility generation, a new report by a Williams Capital Group analyst concludes.

September 16, 2002

NGPL: Auction Ruling May Rob it of Negotiated Benefits

Natural Gas Pipeline Co. of America (NGPL) fears that corrective action ordered by FERC with respect to its auction practices, if construed improperly, could boomerang and potentially “nullify” the pipeline’s negotiated-rate authority and “aggravate” its decontracting problems.

November 22, 1999

Policy Changes Expected to Continue in CA

Despite failing this summer to deliver several high-profileenergy restructuring corrective laws, California’s statelegislature is expected to be the focal point of future energypolicymaking again next year, with more involvement from thegovernor’s office, according to a variety of energy expertsaddressing a two-day industry workshop in San Francisco.

October 21, 1999

April Continues to Climb, Gains $0.07 More

The strong corrective rebound of the April contract seemed indanger of coming to an end yesterday morning when the contract setnew lows for the week at $1.835, but April held and quickly resumedits upward path in afternoon trade to post a new high at $1.930 andclose the day at $1.928/MMBtu.

March 10, 1999

Futures ‘Corrective’ Bounce Has Bulls Optimistic

The futures market made gains for the second day in a rowTuesday on what many sources are calling a bit of a technicalcorrection in an otherwise down market. That left the Septembercontract hovering within striking distance of the downtrend linethat has thwarted upward momentum since July 9. September finishedup 2.6 cents to settle at 1.895.

August 5, 1998