Finally

In response to concerns and claims that “runaway” oil service costs might finally be catching up to exploration and production (E&P) companies, Raymond James analysts say they believe it to be unfounded.

After a three-year delay, the Southern Pines Energy Center natural gas storage project to be located in Greene County, MS, finally appears to be getting underway (see NGI, May 27, 2002).

The liquefied natural gas (LNG) industry finally put points on the board in Maine on Thursday night when the Passamaquoddy Native American tribe voted 4-3 in favor of a new agreement with Oklahoma-based Quoddy Bay LLC to build an LNG import terminal at Split Rock on the Pleasant Point reservation.

The liquefied natural gas (LNG) industry finally put points on the board in Maine on Thursday night when the Passamaquoddy Native American tribe voted 4-3 in favor of a new agreement with Oklahoma-based Quoddy Bay LLC to build an LNG import terminal at Split Rock on the Pleasant Point reservation.

March natural gas futures finally got a little traction Tuesday, but not enough to break out of their recently formed $5.95-6.27 trading range. While the prompt month gained 8.2 cents on the session to settle at $6.175, market watchers still question what the next move will be.

Electric, gas, pipeline and water utilities finally can rest a little easier after a significant decrease in the pace and scale of negative rating activity by credit rating agencies in 2004, Standard & Poor’s (S&P) said in a new report titled “U.S. Utility Downside Rating Actions Moderated Significantly in 2004.”

Electric, gas, pipeline and water utilities finally can rest a little easier after a significant decrease in the pace and scale of negative rating activity by credit rating agencies in 2004, Standard & Poor’s (S&P) said in a new report titled “U.S. Utility Downside Rating Actions Moderated Significantly in 2004.”

With arctic cold finally blanketing most of the Midwest and Northeast, the question now becomes whether this cold blast from Canada will be too little and too late to stem the fall of natural gas futures prices.

Rocky Mountain region producers are enjoying a new golden age in which prices for their production are nearly equal to what producers in neighboring regions are able to bring home. Price differentials have tightened significantly because for the first time in many years there actually appears to be more takeaway pipeline capacity out of the Rockies than there is supply to fill it.