Entire

Transportation Notes

Late Monday afternoon El Paso declared a Strained Operating Condition for a draft condition on its entire system, effective with Tuesday’s gas day. The imbalance tolerance was set initially at 10%, but El Paso said it will reduce the tolerance “if conditions do not sufficiently improve. Increased loads on the system with takes in excess of scheduled quantities in combination with underperformance in the supply areas due to pipeline/producer interconnect maintenance and equipment outages due to high ambient [temperature] conditions and power failures is resulting in a draft to the system that could lead to a low linepack condition. Additionally, the power failures in the Permian/West Texas area are impacting compressor station operations and Washington Ranch [storage facility] is currently down as a result of a loss of power.” Interruptible Storage Service was suspended Tuesday until further notice.

June 18, 2008

Quicksilver Gains Position in Horn River Basin

Quicksilver Resources Inc. has increased its position in the emerging Horn River Basin of northeastern British Columbia, which is considered one of the most promising new natural gas shale plays in Canada.

April 8, 2008

House Bill Would Penalize Oil, Gas to Fund Renewable Energy, Conservation

House Democrats have wasted little time in coming out with another bill that would fund renewable energy and energy conservation at the expense of oil and gas producers.

February 14, 2008

Futures Near Upper End of Recent Trading Range After Week of Gains

Natural gas futures traders made it five in a row on Friday as the March contract recorded gains the entire week. Trading action on Friday saw the biggest boost as fears of a cold February pushed the prompt-month contract to settle at $8.301, up 19.9 cents from Thursday and 56.1 cents higher than the previous week’s close.

February 11, 2008

Transportation Notes

El Paso Natural declared a Strained Operating Condition (SOC) for a Draft condition on its entire system Friday. The imbalance tolerance was set initially at 10%, but El Paso said it would reduce the tolerance level if conditions did not improve sufficiently. “A combination of receipt underperformance and takes in excess of scheduled quantities has resulted in a substantial loss of linepack on EPNG’s system with linepack at approximately 7,200 MMcf,” the pipeline said. “Washington Ranch [storage facility] is on withdrawal at maximum rate.”

January 22, 2008

Overthrust Tells FERC Expansion Open for Business

Questar’s Overthrust Pipeline notified FERC Thursday that it has completed construction of its entire Wamsutter Expansion Project in Wyoming and the facilities are now available for service.

January 2, 2008

FERC OKs Service on Wamsutter Expansion, Part of WIC Lateral

The Federal Energy Regulatory Commission Friday gave the green light for Questar Corp.’s Overthrust Pipeline to place into service its entire “Wamsutter Expansion Project” in Wyoming.

December 3, 2007

U.S. Gas Output Up as GOM Declines Slow, Unconventional Plays Grow

As one energy prognosticator sees it, natural gas production across the entire United States has “clearly” bottomed out and is once again ramping up, driven by two things: a slowdown in shallow field declines in the Gulf of Mexico (GOM) and growth in several key unconventional resource plays.

September 3, 2007

U.S. Gas Output Up as GOM Declines Slow, Unconventional Plays Grow

As one energy prognosticator sees it, natural gas production across the entire United States has “clearly” bottomed out and is once again ramping up, driven by two things: a slowdown in shallow field declines in the Gulf of Mexico (GOM) and growth in several key unconventional resource plays.

August 31, 2007

Natural Gas Prices Seen as ‘Clear Driver’ for Pricey Summer Power

Higher natural gas prices are expected to push wholesale prices for electricity up across the entire United States this summer, FERC analysts said Thursday. Under normal summer weather conditions, however, the North American Electric Reliability Corp. (NERC) is forecasting electricity capacity margins to be adequate to ensure reliable service across North America.

May 21, 2007
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