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Wood Mackenzie: Gas Price Pain, Then Gain

For producers — and anyone else who prefers that gas prices are higher rather than lower — the good times won’t arrive until 2013. But then prices could shoot up as high as $10/MMBtu on demand strength coupled with constraints in the rig and oilfield services sector, while global markets draw liquefied natural gas (LNG) away from U.S. shores, according to analysts at Wood Mackenzie.

November 23, 2009

Small Gains Dominate Mixed Price Movement

The cash market relied on a continuance of moderate cooling load in the South — and not much else — in realizing small gains at most points Tuesday. The overall advance defied the previous day’s 13.7-cent drop by July futures and the fact that north of the southern third of the U.S. weather-based demand is almost nonexistent.

June 10, 2009

Manufacturers Using Less Gas as Fuel, Data Show

U.S. industrial natural gas demand shifted last July from growth of 0.4 Bcf/d year on year (y/y) to a decline in December of 2 Bcf/d y/y, which, holding all else constant, loosened supply and demand balances by 2.4 Bcf/d and drastically changed the price environment, Barclays Capital analysts reported last week.

May 18, 2009

Barclays: Manufacturers’ Gas Use as Fuel Shows Steady Decline

U.S. industrial natural gas demand shifted last July from growth of 0.4 Bcf/d year on year (y/y) to a decline in December of 2 Bcf/d y/y, which, holding all else constant, loosened supply and demand balances by 2.4 Bcf/d and drastically changed the price environment, Barclays Capital analysts said this week.

May 14, 2009

Rockies Avoid Further Drops at Other Points

Only large rallies at Rockies points avoided double-digit losses across the board everywhere else Tuesday as the cash market further softened in response to cooling load declines not being offset by comparable gains in heating load. The previous day’s 15-cent decline by November futures applied additional downward pressure on the cash market.

October 24, 2007

Wilder: TXU Build Will Offset Over Reliance on Gas-Fired Generation

Generation reserve margins have shrunk across the country, and the United States has built too much gas-fired power gen and too little of everything else, making for a capacity portfolio that is underpowered and out of whack — not to mention too dependent upon natural gas, which increasingly will come from abroad.

November 13, 2006

Wilder: TXU Build Will Offset Over Reliance on Gas-Fired Generation

Generation reserve margins have shrunk across the country, and the United States has built too much gas-fired power gen and too little of everything else, making for a capacity portfolio that is underpowered and out of whack — not to mention too dependent upon natural gas, which increasingly will come from abroad.

November 10, 2006

Yukon Resources Ruled Out of Mackenzie Pipeline Project

The C$7 billion (US$5.6 billion) Mackenzie Gas Project has put out a message that discoveries have to be big – or else very near its route – to qualify for connection to its proposed pipeline for Canadian arctic production.

April 18, 2005

End-of-March Prices Are Sharply Higher

Buoyed by Tuesday’s expiration-day screen spike of 32.4 cents and almost nothing else, prices for end-of-March flows saw substantial gains Wednesday. Increases were fairly consistent and spread evenly through all market areas in ranging from a little less than 20 cents to nearly 35 cents in nearly all cases (the exception was a rise of a little more than a dime by OGT in the Midcontinent).

March 31, 2005

North American Producers’ Income Setting Records

Spurred by — what else — record oil and natural gas prices, North American producers ConocoPhillips, EnCana Corp., Kerr-McGee Corp. and EOG Resources Inc. have millions of reasons to be pleased with 3Q results.

October 28, 2004