Cycle

Continuing the week’s cycle of seesaw trading that saw virtually across-the-board higher prices Monday followed by a reversal lower on Tuesday, nearly the entire natural gas cash market Wednesday for Thursday delivery showed upticks.

Southern California Gas did not extend a two-day high-linepack OFO beyond Friday.

Texas regulators have adopted tougher restrictions on natural gas development-related air emissions in the Barnett Shale of North Texas. Eventually the new rules — which the industry laments as costly — will apply statewide.

Southern California Gas said Saturday morning it was declaring a systemwide high-linepack OFO on the Intraday 1 nominations cycle for that day. The tolerance for positive daily imbalances was set at 10%. The OFO was continued through Sunday before being allowed to expire Monday.

Opal Plant operator Williams Field Services (WFS) said it was continuing to curtail Cycle 3 (Intraday 1) nominations for Wednesday’s gas day after the Turbo Expander Plant 4 went down again (see Daily GPI, Nov. 3) after an attempted start at 5:45 p.m. MDT Tuesday. WFS said further investigation revealed the issue, and manufacturer Solar has located replacement parts that would be on site Wednesday. The new estimated time for restoring full Opal capacity was midnight Wednesday.

Ryckman Creek Resources LLC, a unit of Peregrine Midstream Partners LLC, is holding a nonbinding open season for up to 15 Bcf of firm, high-deliverability multi-cycle (HDMC) gas storage capacity in Uinta County, WY, near the Opal Hub, Wednesday through Nov. 1.

After probing lower values in early morning Monday trade, the October contract broke the recent cycle by rebounding higher during regular session hours as storm activity in the Atlantic continued to increase. The prompt-month contract ended up testing resistance at $4 with a $3.975 high before closing out the day at $3.938, up 5.5 cents from Friday’s finish.

FERC has accepted an application by Magnum Gas Storage LLC to construct and operate a high-deliverability, multi-cycle salt cavern natural gas storage facility in central Utah, which would be the first large-scale underground gas storage facility to be developed in the western United States, Magnum said.

FERC has accepted an application by Magnum Gas Storage LLC to construct and operate a high-deliverability, multi-cycle salt cavern natural gas storage facility in central Utah, which would be the first large-scale underground gas storage facility to be developed in the western United States, Magnum said.