Forth

FERC has to conduct a “vigorous and exhaustive” needs analysis for the proposed Constitution Pipeline before it allows the Marcellus-to-New York natural gas project to go forth, said an environmental law practice representing the grassroots coalition “Stop the Pipeline (STP).”

FERC has to conduct a “vigorous and exhaustive” needs analysis for the proposed Constitution Pipeline before it allows the Marcellus-to-New York natural gas project to go forth, said an environmental law practice representing the grassroots coalition “Stop the Pipeline (STP).”

North Carolina’s assistant state geologist said estimates put forth by supporters of natural gas development in the Tar Heel State are overly optimistic and actual reserves are probably much lower.

A Pennsylvania township has filed lawsuit against its county board of elections, arguing that a referendum put forth by an environmental group that would ban hydraulic fracturing (fracking) in the township violates several state laws and could expose the municipality to legal action by the industry and others.

Consensus was hard to find among natural gas cash market traders Monday as the recent trend of squirrelly back-and-forth futures trading left cash points all over the board for delivery on Tuesday. Most regions saw a healthy mix of gains and losses on Monday, with the exception of the Rockies and the West Coast, which were uniformly higher.

Continuing the recent string of back-and-forth trading, January futures, fresh off Monday’s 17.1-cent gain, declined by 17.8 cents on Tuesday to $4.059.

Continuing the wild back and forth trading from one week to the next, December natural gas futures on Friday traded between $3.975 and $4.175 before closing at $4.164, up 15.7 cents from Thursday and 36.5 cents higher than the previous week’s finish.

Adding to the week’s trend of back-and-forth trading — a product of a directionless market — October natural gas futures probed lower values on Friday and closed at $3.881, down 13.8 cents from Thursday’s finish and 14.3 cents below the previous week’s close.

Continuing the months-long tradition of back-and-forth trading, October natural gas futures gained back almost half of Monday’s 20.2-cent decline on Tuesday. The prompt-month contract added 9.7 cents to close the regular session at $3.919.