Exploded

Three Hurt in Oklahoma Gathering Pipeline Blast

Three workers were injured when a 20-inch diameter gas gathering pipeline owned by OGE Energy Corp. unit Enogex exploded at about 11 a.m. CDT Tuesday about 50 miles southwest of Oklahoma City, OK, the company told NGI.

June 30, 2010

Futures Keep Soaring on Alleged Fund Short-Covering

October natural gas futures exploded higher once again on Wednesday, and with the bearish fundamental picture remaining unchanged, market participants were attempting to identify a catalyst. While some were convinced that the recent activities of the United States Natural Gas Fund (UNG) played a role, others saw the extended rally as nothing more than a wave of fund short-covering.

September 17, 2009

Futures North of $3 on Round of Short-Covering

October natural gas futures exploded higher on Thursday despite the news from the Energy Information Administration (EIA) that a fairly robust 69 Bcf was injected into underground natural gas storage for the week ending Sept. 4. The prompt-month contract reached a high of $3.278 before closing Thursday’s regular session at $3.256, up 42.7 cents from Wednesday’s close.

September 11, 2009

Amaranth Turns the Tables, Sues Former Bankers for $1B

Natural gas hedge fund Amaranth LLC, which exploded in a $6.4 billion debacle last year, has turned the tables and is suing J.P. Morgan Chase & Co. for $1 billion for the bank’s alleged role in the fund’s demise.

November 19, 2007

Amaranth Turns the Tables, Sues Former Bankers for $1B

Natural gas hedge fund Amaranth LLC, which exploded in a $6.4 billion debacle last year, has turned the tables and is suing J.P. Morgan Chase & Co. for $1 billion for the bank’s alleged role in the fund’s demise.

November 15, 2007

Controlling Carbon: A Role For Natural Gas and Profits

In the last six months or so interest in controlling carbon (CO2) emissions in the United States has exploded, and the natural gas industry has awakened to the idea that the coming years could be its time to shine as it provides a “bridge” from pulverized coal-fired power generation to clean-coal and other technologies.

January 22, 2007

Futures Surge 8.5% Higher on Near-term Cold

Following a couple of back-and-forth trading sessions, prompt-month natural gas futures on Wednesday exploded 8.5% higher as colder than normal temperatures took hold in a number of regions around the country. After topping out at $7.750 on the day, November futures — which expire Friday — settled at $7.693, up 60.2 cents on the day.

October 26, 2006

Expiring October Futures Notch Record Settle on Short-Covering, Bullish News

October natural gas futures exploded higher on Wednesday as massive short-covering entered the market ahead of the contract’s expiration at 2:30 p.m. EDT. While the prompt month was in positive territory all day, it jumped significantly higher in the last 30 minutes of trading to notch a new record high of $14.80, before expiring at a prompt-month record settle of $13.907, up $1.251 for the day.

September 29, 2005

Transco Pipe Accident Under Investigation

A portion of Williams Cos.’ Transcontinental Gas Pipe Line system in Montgomery County, TX, near Houston exploded on Wednesday, but the fire, which caused no injuries, burned itself out after about four hours.

August 4, 2005

Following $8 Visit, Futures Settle at $7.885 on Fund Short-Covering

Sparked by a rush from funds to cover their short positions, August natural gas futures on Tuesday morning exploded to the upside, notching a high trade of $8.10 as of 10:53 a.m. EDT. The prompt month slipped under the psychological $8.00 level in the afternoon, but still managed to finish strong on the day at $7.885, up 39 cents from Monday’s settle.

July 13, 2005