Explain

Prices Up with Little Weather, Futures Backing

Other than a remote tropical wave that presumably could enter the Gulf of Mexico next week, there was little to explain price increases at all but one point Monday. Industrial load was returning from its usual weekend decline, but that hardly sufficed as a rationale for cash market gains despite flat futures on the previous Friday and only a modicum of cooling load outside the Pacific Northwest and the area from Texas through the desert Southwest and interior California.

July 21, 2009

ConocoPhillips VP: Gas Price Step-Change Driven by Costs

While some believe natural gas prices have been dragged higher by $100/bbl oil or pushed up by supply shortfalls, these factors don’t explain the step-change gas prices have experienced. Higher full-cycle gas production costs — due particularly to greater reliance on unconventional supply basins — have driven the prices all gas consumers pay to a new level, one where they’re bound to stay, a ConocoPhillips executive told NGI.

April 21, 2008

ConocoPhillips VP: Costs Have Led to Gas Price Step-Change

While some believe natural gas prices have been dragged higher by $100/bbl oil or pushed up by supply shortfalls, these factors don’t explain the step-change gas prices have experienced. Higher full-cycle gas production costs — due particularly to greater reliance on unconventional supply basins — have driven the prices all gas consumers pay to a new level, one where they’re bound to stay, a ConocoPhillips executive told NGI.

April 21, 2008

LNG Exec Says Industry Needs to Stress Safety Record

The liquefied natural gas (LNG) industry is still “booming” compared to previous years, but participants need to clearly explain to the public how safe LNG actually is, the secretary general of the Society of International Gas Tankers and Terminal Operators said Thursday.

April 30, 2007

PRB Says It Can’t Explain Plummeting Share Price

Management at Denver-based PRB Energy Inc. was at a loss Wednesday to explain a precipitous drop in the price of its shares, down nearly 17% to $3.13. Trading volume was nearly 34 times the recent daily average for the shares, which are traded on the AMEX.

October 12, 2006

House Dem Presses MMS to Justify Greater Royalty Relief for Shallow-Water Gas

Rep. Edward Markey (D-MA) a senior member of the House Resources Committee, on Monday asked the head of the Interior Department’s Minerals Management Service (MMS) to explain why producers are being given greater royalty relief for natural gas produced from deep wells in shallow water than for wells drilled in the deep waters of the Outer Continental Shelf (OCS).

March 28, 2006

NYPSC to Hold Public Meetings on Utility’s Inadequate Winter Preparations

The New York State Public Service Commission (PSC) will hold a series of public forums Nov. 14, 15 and 16 in Steuben County to explain recent actions regarding Corning Natural Gas Corp.’s inadequate preparations for the winter heating season. Two weeks ago the commission called on other state gas utilities to provide supply to Corning on a mutual-aid assistance basis, and ordered the small investor-owned utility to show cause why a temporary operator should not be appointed for it (see Daily GPI, Oct. 28).

November 14, 2005

Prosecutors Seek Explanation on Lea Fastow Plea Rejection

Enron Task Force prosecutors in Houston last week asked a judge to explain why he refused to accept a plea agreement that would have sent Lea Fastow to jail for five months.

April 19, 2004

Prosecutors Seek Explanation on Lea Fastow Plea Rejection

Enron Task Force prosecutors have asked a judge in Houston to explain why he refused to accept a plea agreement that would have sent Lea Fastow to jail for five months.

April 15, 2004

Cold Weather Support Not Enough to Avert Softness

“We’re tough up this way; we don’t need heat,” a Midwest source jested as a way of trying to explain Thursday’s falling prices despite subfreezing temperatures across most of the region that would extend into the weekend. Quotes fell across the board, with losses ranging from a little more than a dime at some western points to about a half a dollar for New York City deliveries.

February 6, 2004