The Town Council of Flower Mound, TX, which sits atop the Barnett Shale, has combined two existed drilling permit moratoriums into one and extended it until April 15 while it awaits an advisory board’s report on oil and natural gas development activities in the town.
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Nearly All Points Up on New Heating Load Gains
Prices continued to rise at nearly all points Wednesday as the South began contributing some heating load of its own to what already existed from the Northeast through the Rockies. Temperatures were due to keep falling Thursday in the Northeast and sections of the Midwest, but some moderation was forecast for the Rockies.
All Points See Double-Digit Holiday Weekend Dips
Despite a warming trend in the Northeast that would contribute more power generation load to what already existed, the cash market recorded declines of nearly 20 cents or more — often much more — across the board Friday. The extra decline of industrial load over a four-day weekend, slightly negative guidance from Thursday’s 2.5-cent screen drop and persistent concerns over storage issues evidently outweighed the modest increase in fundamental weather support.