Depressed

Williams Pulls Plug on Northwest Pipeline Expansion

Reflecting conditions of depressed demand and surplus supplies in the Pacific Northwest, Williams’ Northwest Pipeline Co. has decided to halt plans for a 172-mile extension of 36- and 30-inch diameter pipelines that was set to provide another 500 MMcf/d of capacity into the region’s Interstate 5 corridor.

September 10, 2010

NatGas Output Falls but ‘Doesn’t Mean Anything’

Lower 48 natural gas production fell by about 2%, or 1.39 Bcf/d, in September from August due to a combination of plant maintenance, repairs and shut-ins brought on by depressed gas prices, according to the Energy Information Administration’s (EIA) 914-data released last Monday. On the demand side, the power generation sector offered about the only bright spot for gas.

December 7, 2009

EIA: Nonfundamental Factors Cause U.S. Gas Production to Dip

Lower 48 natural gas production fell by about 2%, or 1.39 Bcf/d, in September from August due to a combination of plant maintenance, repairs and shut-ins brought on by depressed gas prices, according to the Energy Information Administration’s 914-data released Monday.

December 1, 2009

‘New, Different’ Gas Infrastructure Eyed by Sempra

Even with depressed wholesale prices, the North American natural gas industry still carries a need for robust “new and different” infrastructure, according to San Diego-based Sempra Energy CEO Donald Felsinger, who commented on the industry outlook as part of a third quarter earnings conference call last Monday. The new gas plays in North America make new pipeline and storage facilities a necessity, Felsinger said.

November 16, 2009

Sempra CEO: ‘New and Different’ Gas Infrastructure Needed

Even with depressed wholesale prices, the North American natural gas industry still carries a need for robust “new and different” infrastructure, according to San Diego-based Sempra Energy CEO Donald Felsinger, who commented on the industry outlook as part of a third quarter earnings conference call Monday. The new gas plays in North America make new pipeline and storage facilities a necessity, Felsinger said.

November 10, 2009

Canadian Gas Exports to Plunge, Says NEB

Depressed drilling and growing domestic industrial demand could knock a whopping 3.4 Bcf/d, or 21%, off Canadian supplies on the international natural gas market within two years, according to a new report by the National Energy Board

September 21, 2009

NEB: Oilsands Consumption to Cut Canadian Gas Exports

Depressed drilling and growing domestic industrial demand could knock a whopping 3.4 Bcf/d, or 21%, off Canadian supplies on the international natural gas market within two years, according to a new report by the National Energy Board

September 21, 2009

FERC Says ‘No Physical Explanation’ for $13 Gas Prices in 2008

Increased natural gas trading by primarily institutional investors and a rise in commodity prices globally — combined with modest tightening in gas supply-demand balance in the first half of 2008 — contributed to the sharp rise in both spot and futures gas prices last year, FERC said in its “State of the Markets Report” for 2008.

September 4, 2009

EIA Reports Fourth Consecutive Drop in Monthly Onshore Production

Total domestic natural gas production levels rose in June despite depressed prices and a decline in drilling activity, but onshore output saw a decline — albeit slight — for the fourth consecutive month, according to the latest production data released by the Energy Information Administration (EIA) Thursday.

August 31, 2009

EIA Reports Fourth Consecutive Drop in Monthly Onshore Production

Total domestic natural gas production levels rose in June despite depressed prices and a decline in drilling activity, but onshore output saw a decline — albeit slight — for the fourth consecutive month, according to the latest production data released by the Energy Information Administration (EIA) Thursday.

August 31, 2009