February

Calgary-based Canadian Superior said Monday that unusually warm weather in February and March, which resulted in a premature spring breakup, led to a “slight, temporary decline” of 7% in oil and natural gas production during the first quarter.

Failing to make up their mind on direction Tuesday, traders pushed February natural gas to a low on the day of $6.245 as of 11:30 a.m. (EST) before changing directions to explore higher.

Shrugging off what appeared on face value to be a bearish natural gas storage report, February natural gas futures on Thursday morning chose to follow the weather story instead, jumping significantly higher following two consecutive days of decline. The prompt month peaked at $6.52 on the session before settling at $6.445, up 50.2 cents from Wednesday’s settle.

The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.

The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.

The U.S. Winter Outlook for December 2004 through February 2005 continues to call for warmer-than-normal conditions across the entire West and Alaska and cooler-than-normal conditions in the Southeast and Mid Atlantic, according to an update issued Thursday by the National Oceanic and Atmospheric Administration (NOAA). Elsewhere, including the key gas consuming markets in the Midcontinent/Midwest and New England, there are equal chances of above, below and normal temperatures.

Dynegy Inc. plans to launch a $1.3 billion credit facility on Monday to replace the company’s current $1.1 billion revolving credit facility, which is scheduled to mature in February 2005. The refinancing has been considered integral to the company’s credit rating.

Dynegy Inc. will launch a $1.3 billion credit facility on Monday to replace the company’s current $1.1 billion revolving credit facility, which is scheduled to mature in February 2005. The refinancing has been considered integral to the company’s credit rating.

FERC fell short of adequately justifying its February 2002 order that rejected Williston Basin Interstate Pipeline’s practice of selective discounting of natural gas transportation services, a federal appeals court said Friday in vacating and remanding the agency’s decision.