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The 2008 retirement of veteran Sen. Pete Domenici (R-NM), a key figure in shaping energy policy over the years, will be a major loss to the oil and natural gas industries.

The 2008 retirement of veteran Sen. Pete Domenici (R-NM), a key figure in shaping energy policy over the years, will be a major loss to the oil and natural gas industries.

The June 21 article titled “Chesapeake Subsidiary Seeks Permits for First Pipeline in Chesapeake Bay” reported an incorrect figure for the cost of the Eastern Shore Energy Link Expansion segment. Eastern Shore Natural Gas officials say the pipeline will cost $93 million. NGI regrets the error.

When there are freeze warnings across much of the South, you’ve got to figure the gas market is going to be at least somewhat bullish. Monday’s market was more than just “somewhat” bullish, posting solid double-digit gains across the board.

The results of a FERC survey suggest that about 37,500 MW of electricity demand response (DR) potential currently exists in the U.S. That figure is based on existing DR efforts in the U.S., not the total potential if DR had more penetration in the country.

With natural gas storage levels high and gas prices hovering lower, energy analysts last week were trying to figure out what effect the high storage levels are having on prices and demand destruction.

Last summer’s hurricanes, increasing interest in unconventional reserves and high natural gas prices all figure in the outlook for natural gas production and consumption in the preliminary report of the Energy Information Administration’s (EIA) latest long term energy outlook released Monday.

Still trying to figure out which direction to head next, June natural gas futures on Friday recorded a $6.78 high in morning trade before moving lower for the remainder of the session. The prompt month recorded a low of $6.55 late in the session before settling at $6.621, down 7 cents on the day, but 3.6 cents higher for the week.

Keeping May natural gas futures firmly centered around the psychological $7 figure, natural gas traders on Tuesday pushed the prompt month higher, only to be repelled by resistance at $7.09 for the second consecutive session.