More than one trader was more than a bit surprised at the price run-up in most markets Tuesday in two-day deals covering the Fourth of July holiday, which normally is considered one of the lowest demand periods of the year. Only Rockies/San Juan/Pacific Northwest points and a few Northeast citygates softened, in contrast with numbers elsewhere that ranged from flat to about 15 cents higher outside California and gains at California points that exceeded half a dollar.
Fourth
Articles from Fourth
Top Gas Gorillas Show Phenomenal Volume Growth
Top North American Gas Marketers : Ranking by 2000 Sales VolumeRanking by Fourth Quarter 2000 Sales Volume
February 19, 2001
Top Gas Gorillas Show Strong Volume Growth
Top North American Gas Marketers : Ranking by 2000 Sales VolumeRanking by Fourth Quarter 2000 Sales Volume
February 16, 2001
El Paso Unveils New Game Plan, 6 LNG Facilities
Strengthened by its merger with The Coastal Corp. earlier thismonth that made it the fourth largest U.S. energy company, theformer El Paso Energy Corp. unveiled an impressive show of strengthlast week as it began a two-day analysts’ conference in Houston,showcasing a new energy trading floor, new corporate identify anddetails to grow earnings at least 25% in the coming year.
February 12, 2001
Phillips Builds Refining, Sales with $7B Tosco Deal
After a positive surprise with its fourth quarter earningsperformance, Phillips Petroleum continued to astonish observerslast week, buying Tosco Corp. in a $7 billion stock transactionthat will make Phillips the second-largest refining company in theUnited States with a capacity of 1.7 MMbbl/d.
February 12, 2001
Phillips Builds Refining, Sales with $7B Tosco Deal
After a positive surprise with its fourth quarter earningsperformance, Phillips Petroleum continued to astonish observersover the weekend, buying Tosco Corp. in a $7 billion stocktransaction that will make Phillips the second-largest refiningcompany in the United States with a capacity of 1.7 MMbbl/d.
February 6, 2001
El Paso Corp. — New Name, Bigger Game Plan
Strengthened by its merger with The Coastal Corp. last week thatmade it the fourth largest U.S. energy company, the former El PasoEnergy Corp. unveiled an impressive show of strength yesterday asit began a two-day analysts’ conference in Houston, showcasing anew energy trading floor, new corporate identify and details togrow earnings at least 25% in the coming year.
February 6, 2001
Allegheny Posts Record Year-End Earnings
After a busy year of purchasing electricity generating capacity,Allegheny Energy reported growth in both fourth quarter earnings aswell as year-end totals over 1999 levels. The company posted recordyear-end earnings of $313.7 million ($2.84ÿper share), beforeextraordinary charges, an increase of 8% over comparable 1999earnings of $307.2 million ($2.64ÿper share).
January 29, 2001
Producers Knock Land Set-Aside
President Clinton’s announcement Friday of a ban on new roads,logging and other activities on more than one-fourth of allfederally owned lands will put quite a dent in the futureexploration and production of natural gas in the United States, gasproducers indicated.
January 8, 2001
Industry Briefs
The North Carolina Utilities Commission approved Scanasubsidiary PSNC Energy’s fourth gas rate increase since May. PSNCwas granted an increase from 98 cents per therm to $1.18 per thermfor year around residential customers. The 20% hike goes in effectin January and translates into an annual cost of $160. The ratesPSNC Energy is charging customers are 50% higher than in January2000. On average, residential customers can expect to see around a$340 per year increase to their natural gas bills as compared tolast year. “With plenty of gas in storage for peak demand duringcold winter days, we’re prepared to meet our customers’ demand forgas throughout the winter” said PSNC Energy President Charles E.Zeigler. “At the same time we want to help our customers manage theimpact of higher heating bills.” PSNC is franchised to serve a28-county service area in North Carolina and distributes naturalgas to 360,000 winter-peak customers in 95 cities and communities.
December 29, 2000
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