Basis blowouts are getting to be an unwelcome habit for Rockies producers. The previous week had begun with triple-digit plunges that took most Rockies points to sub-$2 averages and then to less than a dollar the next day. On Tuesday the regional market wasted no time in getting off to sub-dollar pricing in post-holiday trading. Elsewhere, quotes were mostly softer but mixed with occasional gains of up to about half a dollar.
Habit
Articles from Habit
El Paso Sells 1.3 Bcf/d of Capacity to Marketing Affiliate
There’s no denying that El Paso Natural Gas has a bad habit ofattracting controversy, but its latest move seems a bit moremasochistic than usual.
February 21, 2000
El Paso Merchant Energy Braves the Storm
There’s no denying that El Paso Natural Gas has a bad habit ofattracting controversy, but its latest move seems a bit moremasochistic than usual.
February 17, 2000
April Futures Edge Lower But Hold Support
The April Nymex contract returned to its recent habit of tightdaily trading ranges Tuesday by containing its movements between$2.295 and $2.345. That tight range only allowed April to lose 2.1cents for the day to $2.330, despite the fact that nearly 60,000total estimated contracts changed hands.
March 25, 1998
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