Enjoy

In an Aug. 11 story titled “Rockies Producers Enjoy Rapid Pipeline Build-Out; 8.4 Bcf/d of Capacity Planned,” it was incorrectly stated that export capacity out of the Rockies would be nearly doubled in the next three years (see Daily GPI, Aug. 11). Walter “Skip” Simmons of Wood Mackenzie told the Colorado Oil and Gas Association’s (COGA) annual Rocky Mountain Natural Gas Strategy Conference and Investment Forum in Denver that export capacity would grow to 12.4 Bcf/d. However, a slide showing current export capacity of 6.6 Bcf/d excluded the San Juan Basin. While export capacity will grow significantly through mainly the Rockies Express pipeline, it is intraregional capacity that will more than double, Simmons said. NGI regrets the error.

Rocky Mountain region producers may be entering a golden age in which prices for their production are nearly equal to what producers in neighboring regions are able to bring home. Some price differentials have tightened significantly because for the first time in many years there actually appears to be more takeaway pipeline capacity out of the Rockies than there is supply to fill it.

Rocky Mountain region producers are enjoying a new golden age in which prices for their production are nearly equal to what producers in neighboring regions are able to bring home. Price differentials have tightened significantly because for the first time in many years there actually appears to be more takeaway pipeline capacity out of the Rockies than there is supply to fill it.

While it appears that the East Coast can continue to enjoy warmer than normal temperatures through the fall and early winter, WSI Corp. said colder temperatures are set to move into the Northwest quarter of the United States.

While it appears that the East Coast can continue to enjoy warmer than normal temperatures through the fall and early winter, WSI Corp. said colder temperatures are set to move into the Northwest quarter of the United States.

Yesterday was not a good time to walk away from your futurespositions to enjoy the Indian Summer weather. Just one week ago,near-month futures hit a record high at $5.78, but by the close ofregular trading yesterday, the November contract had settled belowthe psychologically important level of $5 for the first time sinceSept. 8.

Thanks to a new deal with CMS Energy’s Panhandle EasternPipeline Co., three FirstEnergy gas turbines in Defiance, OH, willenjoy a 15-year supply of gas. The agreement makes FirstEnergyPanhandle’s seventh power plant customer.

Higher oil and gas prices spurred industry leaders ExxonMobiland Chevron to large leaps in fourth quarter 1999 earnings over thedepressed 4Q 1998. The two companies reported fourth quarterrealized U.S. natural gas prices up about 50 cents/Mcf over 4Q 1998and the full year average up about 15 cents over 1998. Unocal,Texaco and Conoco also enjoyed significant price appreciationfourth quarter over fourth quarter, although not as much gainyear-to-year.

Thanks to a new deal with CMS Energy’s Panhandle EasternPipeline Co., three FirstEnergy gas turbines in Defiance, OH, willenjoy a 15-year supply of gas. The agreement, announced yesterday,makes FirstEnergy Panhandle’s seventh power plant customer. Neitherthe volumes nor the financial terms of the transaction weredisclosed.