Natural gas utility AmerenUE, at the request of the Missouri governor and state officials, has agreed to waive all reconnection fees and suspend deposit requirements for customers receiving assistance through the Low-Income Home Energy Assistance Program (LIHEAP) or Missouri’s Utilicare program as part of an initiative to help residents cope with expected high heating costs this winter.
Deposit
Articles from Deposit
El Paso to Restate Financials for 1999-2003, Higher Charges Expected on Reserves Revision
El Paso Corp. CEO Doug Foshee on Friday issued a report card on the progress the Houston-based company has made in the past few months, and though it’s not in line for valedictory status at this point, the company expects to achieve its production target this year. And, he said, there’s been above-average progress in asset sales and in reducing expenses.
Mild Weather and Weak Crude Prices Deposit Gas Futures Lower at Expiry
Shrugging off the urge to cover short positions, natural gas futures traders added to Friday’s sell-off Monday as they pressured the expiring July contract to its lowest level in two weeks. With that the July contract completed its tenure as prompt month in undeniably bearish fashion, slipping 21.2 cents to close at $6.141. At 88,613, estimated volume was light for an expiration-day.
Mild Weather Forecasts, Weak Cash Deposit Futures at New Five-Week Lows
Pressured by revised weather forecasts and weaker cash market prices, the natural gas futures market free-fell lower Monday to notch its lowest point in more than a month. The November contract was the hardest hit by the selling, dropping 27.4 cents to close at $4.512.
Pemex Reports New Offshore Gas Field Producing 15.4 MMcf/d
Mexico’s Petroleos Mexicanos (Pemex) reports a test well in an offshore deposit in the Veracruz state, the Lankahuasa, is yielding dry gas production of 15.4 MMcf/d. The Lankahuasa is one of three newly discovered sources of non-associated natural gas announced in March by Pemex.
Bears Shrug Off Storage, Deposit Market Lower
After a brief uptick during the Wednesday night Access tradingsession, natural gas futures continued lower yesterday at the NewYork Mercantile Exchange and settled below key support levels. Julyfinished at $2.285, after carving out a $2.27 low early Thursdaymorning. Estimated volume of 95,938 was almost double that ofMonday and Tuesday.