Decrease

The Henry Hub spot price averaged $4.09/MMBtu in February, 40 cents below the average spot price in January, and it is likely to average $4.10/MMBtu in 2011, a decrease of 29 cents from the 2010 average, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for March.

With 2010 drawing to a close, Petrohawk Energy Corp. is working to put a bow on its Haynesville Shale leasehold so it can focus more attention on the natural gas liquids- (NGL) and condensate-rich Eagle Ford Shale in South Texas, company executives told financial analysts Tuesday.

Canadian natural gas exports are still shrinking, but the speed of the decrease is slowing amid early signs that the prolonged supply decline will end.

Canadian natural gas exports are still shrinking, but the speed of the decrease is slowing amid early signs that the prolonged supply decline will end.

Marketers reported an overall 4Q2009 decrease of less than 1% from the previous year’s period, but a flood of of production from shale plays could influence the market’s next move. read more

Sen. Richard Lugar (R-IN) last Tuesday introduced an energy and climate change bill that he said would focus on vehicle efficiency and energy efficiency to decrease national energy consumption 11%, slice foreign oil consumption by nearly 40%, reduce average residential electric bills 15% and cut greenhouse gas (GHG) emissions 20% by 2030.

Sen. Richard Lugar (R-IN) on Tuesday introduced an energy and climate change bill that he said would focus on vehicle efficiency and energy efficiency to decrease national energy consumption 11%, slice foreign oil consumption by nearly 40%, reduce average residential electric bills 15% and cut greenhouse gas (GHG) emissions 20% by 2030.

Because it has not yet seen a decrease in the carbon dioxide (CO2) content at its Beatrice, NE, interconnect with Trailblazer Pipeline (see Daily GPI, March 31), Northern Natural Gas said it plans to go ahead and reduce the interconnect’s operationally available capacity starting Thursday to 300,000 Dth/d. Northern said it intends to get the volume of high-CO2 gas being delivered by Trailblazer low enough to meet its CO2 tariff maximum to 2.0% or less in the market area. Northern also plans to post a System Underrun Limitation for its market area Thursday. See the bulletin board for other details.

Because it has not yet seen a decrease in the carbon dioxide (CO2) content at its Beatrice, NE, interconnect with Trailblazer Pipeline (see Daily GPI, March 31), Northern Natural Gas said it plans to go ahead and reduce the interconnect’s operationally available capacity starting Thursday to 300,000 Dth/d. Northern said it intends to get the volume of high-CO2 gas being delivered by Trailblazer low enough to meet its CO2 tariff maximum to 2.0% or less in the market area. Northern also plans to post a System Underrun Limitation for its market area Thursday. See the bulletin board for other details.