December

Most Points Sustain Upward Price Moves

Despite a weather map dominated by fairly moderate conditions for mid-December, cash gas was finding enough heating load in northern market areas to keep prices rising substantively at most points Wednesday.

December 14, 2006

1 Bcf Storage Draw Seen as ‘Neutral;’ Futures Finish Lower

Coming a day early because of Thanksgiving, the Energy Information Administration’s (EIA) weekly storage report Wednesday showed a net 1 Bcf withdrawal for the week ended Nov. 17. The December natural gas futures contract took the report in stride as a number of traders had decided to begin their Thanksgiving holiday a day early. Despite the nonevent, the prompt month retained its earlier losses to close at $7.718, down 27 cents on the day and 46.1 cents lower than the previous week’s close.

November 27, 2006

Futures Drop Below $8 Again as Traders Await Fresh Storage Data

Trading within a thin range, as a number of traders already had their sights set on the long holiday weekend, December natural gas futures on Tuesday dropped back below the psychological $8 level to record a low of $7.910 before closing at $7.988, down 3.1 cents on the day.

November 22, 2006

MO Energy Task Force Wants Diversified Fuels to Meet State Demands

The Missouri Energy Task Force, a blue-ribbon panel appointed last December by Gov. Matt Blunt, on Thursday recommended the state adopt a “common-sense approach” to meeting the increasing energy demands within the state. Among other things, the panel recommended diversifying energy sources to include wind-and ethanol-based fuels, as well as increasing conservation efforts to keep energy costs affordable.

September 5, 2006

Allison: Natural Gas Volatility Within Historical Range

As the natural gas futures market dropped $9.330 cents from an all-time high of $15.780 in December 2005 to a low of $6.450 in March 2006, concerns from the mainstream media continue to grow that the market’s price swings might be attached to market manipulation.

May 4, 2006

Seasonal Spread Begging for Wintertime LNG Imports

Last December U.S. gas markets were throwing a party, but the international guests failed to arrive. The January Nymex natural gas futures contract set an all-time record for a prompt-month settle at $15.378, but still it wasn’t enough to entice liquefied natural gas (LNG) cargoes to the Gulf of Mexico.

March 6, 2006

Counting on LNG? You’ll Need More Storage

Last December U.S. gas markets were throwing a party, but the international guests failed to arrive. The January Nymex natural gas futures contract set an all-time record for a prompt-month settle at $15.378, but still it wasn’t enough to entice liquefied natural gas (LNG) cargoes to the Gulf of Mexico.

March 2, 2006

Dynegy Exits Customer Risk Management Business by Eliminating Final Tolling Contract

Dynegy Inc. will be focused on physical sales of electricity from company-owned generation assets following an agreement announced in late December to eliminate its final long-term wholesale power tolling contract with Louisiana-based Quachita Power LLC. The agreement will result in a 4Q2005 pre-tax charge of $360 million ($235 million after-tax), and will allow Dynegy to completely exit its once highly touted Customer Risk Management business.

January 9, 2006

EIA Projects Speedier Recovery of Gulf Gas Infrastructure

The Energy Information Administration in its Short-Term Energy Outlook for December projects a speedier recovery for hurricane-impaired Gulf of Mexico natural gas infrastructure, citing the innovative methods producers are employing to reroute their gas around damaged pipelines to reach working processing plants.

December 7, 2005

El Paso Targets Mid-December for Completion of CIG’s Raton Basin Project

El Paso Corp.’s Colorado Interstate Gas (CIG) is looking to complete work on its entire Raton Basin expansion project by mid-December, according to a company spokesman. The $61 million expansion, which was initially targeted for completion and in service in October, will add approximately 104,000 Dth/d of transmission capacity to the section of CIG’s pipeline system from south-central Colorado to the panhandle of Oklahoma.

November 29, 2005