Country

Mexico Pledges to Remove Duty on Gas Imports

Mexico’s Energy Secretariat Luis Tellez has signaled that hiscountry plans to lift the 4% tariff on natural gas imported fromthe United States.

August 11, 1999

PP&L Buying Montana Marketer To Go With Power Plants

While Eastern Pennsylvania utility, PP&ampL Resources, continuedits cross-country expansion, annexing assets in Montana and Maine,former utility Montana Power mapped out a future in oil, gas andtelecommunications.

May 31, 1999

Southern Co. CEO Touts Country-wide Growth

“We are standing on the doorstep of some of America’s largestenergy-consuming markets: Boston, New York City, Chicago,Dallas-Fort Worth, San Francisco and Los Angeles. We believe therewill be about a half-dozen national energy providers. SouthernCompany intends to be one of those companies.”

May 31, 1999

Duke Climbs to Top NGL Spot with UPFuels Deal

Duke Energy Field Services became the top NGL producer in thecountry and the second largest gas marketer with completion of itspurchase of UPFuels, and Union Pacific Resources’ marketingoperations for $1.35 billion.

April 5, 1999

Duke Climbs to Top NGL Spot with UPFuels Deal

Duke Energy Field Services becomes the top NGL producer in thecountry and the second largest gas marketer with completion of itspurchase of UPFuels, and Union Pacific Resources’ marketingoperations for $1.35 billion.

April 1, 1999

Nymex Drop, Weekend Load Press Cash Downward

Shrinking demand due to warmer weather throughout the countryconspired with a 6.1-cent drop on the Nymex futures contractThursday to put an end to a small and short-lived boost from arelatively bullish storage report. Friday’s cash prices retreatedan average of 3-4 cents in most areas, erasing the small gains fromThursday’s trading, and bringing cash back to the level it hoveredaround most of the week.

March 22, 1999

Futures Short-Covering Fuels Technical Rally

Despite a disappointing storage report and continuedabove-normal temperatures across the country, natural gas futuresbubbled higher yesterday as technical traders found good value inprices near the bottom end of the recent trading range. And byadvancing 6.2 cents to settle at $1.837, the March contract notonly washed clean Wednesday’s declines but also positioned itselfback in the middle of the $1.725-925 trading range. Estimatedvolume was a somewhat lackluster 61,716 contracts.

February 12, 1999
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