Forecasters expecting the long standing storage deficit compared to last year’s levels to be wiped out on Wednesday got their wish. With the winter gas futures months holding attractive premiums for storage arbitrage and gas demand apparently reduced because of high winter prices, an unprecedented series of weekly storage injections over the past five weeks has led to a year-to-year surplus for the first time since January 2000.
Fill
Articles from Fill
Futures Tumble Lower Amid Neutral Storage Figures
After pushing higher but failing to fill in a key gap on thedaily chart, the March contract sifted lower yesterday as tradersset their sights on stubborn support in the $5.62 area. As it turnsout, $5.62 was little more than a speed bump as prices dippedeasily below that level in a post-AGA sell-off. The March contractwas hit the hardest, tumbling 50.1 cents to close at $5.518.
February 15, 2001
Ultra Expands Drilling in Jonah Field
Ultra Petroleum commenced in-fill drilling last week in theJonah Field, located in the Green River Basin of Wyoming. It gotthe go-ahead to start drilling on June 8 when the Bureau of LandManagement released an order for 22 new well locations, whichshould keep Ultra busy through 2001.
July 17, 2000
Ultra Expands Drilling in Jonah Field
Ultra Petroleum commenced in-fill drilling this week in theJonah Field, located in the Green River Basin of Wyoming. It gotthe go-ahead to start drilling on June 8 when the Bureau of LandManagement released an order for 22 new well locations, whichshould keep Ultra busy through 2001.
July 14, 2000
Forget Scrubbers; TransAlta Turns to Curbing Cow Flatulence
While Canadian natural-gas producers scramble to find newsupplies to fill their expanding pipeline grid, their leading peerin the electricity sector is laboring to get rid of the stuff – bycurbing flatulence in cattle.
March 27, 2000
Technical Failure, Weather Prompts Futures Lower
After a strong opening failed to attract the buying necessary tofill the chart gap up to $2.52, the natural gas futures marketsagged Friday, as traders turned once again to the deleteriouseffects of above-normal temperatures in both short and long rangeforecasts.
November 22, 1999
Politicians Favor East-West Canadian Connection
A revival is in the works for decades-old hopes to fill in themissing link in the Canadian natural gas pipeline grid byconnecting the Atlantic region with the rest of the country.
October 11, 1999
Politicians Favor East-West Canadian Connection
A revival is in the works for decades-old hopes to fill in themissing link in the Canadian natural gas pipeline grid byconnecting the Atlantic region with the rest of the country.
October 11, 1999
Production Deficit Driving Spot Prices
Analysts are escalating their spot gas price forecasts but it’snot the oft-cited storage fill that’s driving them.
August 30, 1999
Production Deficit Driving Spot Prices
Analysts are escalating their spot gas price forecasts, but it’snot the oft-cited storage fill that’s driving them.
August 30, 1999
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
