Happen

Unconventional natural gas — most notably that found in shale rock — is transforming the gas industry. It will be transformational for major international oil companies, too. But that won’t happen right away, according to an analysis by consultant Wood Mackenzie.

The members of the Delaware River Basin Commission (DRBC) likely knew what would happen once they issued their 83-page proposed rulemaking to conditionally allow natural gas drillers to tap into the watershed.

Living up to the old trader adage that “anything can happen on expiration,” the April natural gas futures contract on Thursday explored both higher and lower price levels before anticlimactically going off of the board nearly unchanged from Wednesday’s close. The April contract traded between $9.385 and $9.640 before expiring at $9.578, up six-tenths of a cent from the previous day’s close. May futures had a similarly adventurous day, trading between $9.465 and $9.740 before closing at $9.687, up two-tenths of a cent from Wednesday’s close.

Falcon Gas Storage Co. is hoping to get its MoBay Storage Hub project on-line in time for the 2009 hurricane season. However, for that to happen the State of Alabama will have to pick up the pace in granting a lease for three depleted gas reservoirs in state waters north of Dauphin Island.

Falcon Gas Storage Co. is hoping to get its MoBay Storage Hub project on-line in time for the 2009 hurricane season. However, for that to happen the State of Alabama will have to pick up the pace in granting a lease for three depleted gas reservoirs in state waters north of Dauphin Island.

Incremental LNG supplies are not something that’s going to happen all at once. New terminals will make their way through the permitting and construction process one by one, and the additional supplies will help offset declining production in other areas, according to an ExxonMobil executive.

Incremental LNG supplies are not something that’s going to happen all at once. New terminals will make their way through the permitting and construction process one by one, and the additional supplies will help offset declining production in other areas, according to an ExxonMobil executive.

“Finding creative ways to make deals happen is a bigger challenge for me than assessing a financial statement,” according to Frank Hilton, vice president and chief credit officer for AEP. “You have to look at other things besides the balance sheet,” Hilton told the audience at the LDC Forum last Tuesday in Chicago.

“Finding creative ways to make deals happen is a bigger challenge for me than assessing a financial statement,” according to Frank Hilton, vice president and chief credit officer for AEP. “You have to look at other things besides the balance sheet,” Hilton told the audience at the LDC Forum Tuesday in Chicago.