Tag / Fair



SemGroup Implosion Brings More Questions than Answers

SemGroup LP’s bankruptcy filing last Tuesday produced a fair amount of head scratching from its creditors, subsidiaries and even federal officials after the company reportedly racked up $3.2 billion in trading losses in crude deals on the New York Mercantile Exchange and over-the-counter energy derivative markets.

August 4, 2008

Prices Go in Both Directions a Lot and a Little

Thursday’s market had a little something for everybody: large gains and losses coupled with small gains and losses, with a fair amount of flat pricing to boot. Moderating weather trends going into the weekend (except in much of the West) and the inclusion of a weekend flow day in Thursday’s trading competed with Wednesday’s 5.2-cent expiration-day gain by July futures for influence in the cash market.

June 29, 2007

Alaska Gasline Bill Offers 10-Year Gas Production Tax Exemption

Alaska Gov. Sarah Palin asked state legislators for a redo Friday, as she delivered a revamped natural gas pipeline bill that she said was “fair, transparent and competitive.”

March 5, 2007

El Paso, Navajo Nation Broker Interim Deal to End ROW Contract Stalemate

El Paso Natural Gas and the Navajo Nation signed an interim agreement Friday that ends a months-long stalemate over the fair dollar value of the gas pipeline’s access to tribal lands in western states.

January 18, 2006

Weekend Market Not as Soft as Expected

Cash quotes fell Thursday at most points as expected, but the market displayed more resilience than some had anticipated by including a fair-sized number of flat (or a little higher in a couple of cases) locations in its overall mix.

March 28, 2005

Prices Rise Across Board as Forecasts Get Chillier

The cash market was up strongly at all points Monday, responding to a fair amount of current heating load and the prospect of a lot more arriving before the end of the week. The return of normal industrial demand from the weekend also played a part, and a Monday morning screen spike provided some upward impetus for late cash deals, although natural gas futures later gave back much of its morning gain.

January 11, 2005

LNG to Get Fair Hearing in California and Mexico, Officials Say

Both California and Mexico are committed to giving proponents of liquefied natural gas (LNG) import projects a chance to make their cases for new receiving terminals, but it is still unclear how many and where (on-land or offshore) those facilities will be built, according to government energy officials who spoke this week at a conference in Long Beach, CA.

February 13, 2004

Alberta Regulators Decrease Recommended Well Shut-Ins to 485

As the battle rages on over shutting in natural gas wells for the purpose of preserving crude bitumen recovery from the Wabiskaw-McMurray formation located in northern Alberta, province regulators revised downward the number of gas wells they believe should be closed.

January 28, 2004

Lack of Weather Load Unites All Points in Softness

On Friday and Monday the cash market had a fair amount of higher points mixed into an overall falling trend. But continuing weak fundamentals finally united the entire market in southward movement Tuesday, although just barely in one or two cases.

November 19, 2003

Futures Rally and Dip as Traders Grope for Fair Value

As expected, follow-through buying took natural gas prices higher Tuesday morning as more buyers jumped on the bandwagon following a two-day, 40-cent gain. However, all good things must come to an end and prices tumbled lower Tuesday afternoon amid a round of light profit taking. December finished at $4.261, down 0.2 cents for the day and in the bottom half of its $4.215-335 trading range. Estimated volume was relatively heavy, with 95,767 contracts changing hands.

November 20, 2002