Happen

In a move that some might say could only happen in Texas, the City of Fort Worth may adopt an ordinance permitting natural gas drilling within the city limits. Still to be determined is the required distance between a well site and residential property, but under the current plan, wells could be drilled within 1,000 feet of homes. The city council was set to consider the ordinance this week.

In a move that some might say could only happen in Texas, the City of Fort Worth may adopt an ordinance permitting natural gas drilling within the city limits. Still to be determined is the required distance between a well site and residential property, but under the current plan, wells could be drilled within 1,000 feet of homes. The city council was set to consider the ordinance this week.

It doesn’t happen very often, so we’re noting an apparentlyspontaneous comment from Dynegy Counsel Ed Ross at a FERCRoundtable last week that one of his chief competitors, Enron, “hasdone an excellent job of being competitive.” He suggested otherscould look to Enron as a “model competitor. They’ve done a verygood job of setting up a strong financial desk and a strongphysical desk and we don’t see any problem with it. I think theyhave set up their books in a way that they truly have separationbetween the regulated and unregulated aspects of their business.”

It doesn’t happen very often, so we’re noting an apparentlyspontaneous comment from Dynegy Counsel Ed Ross at a FERCRoundtable last week that one of his chief competitors, Enron, “hasdone an excellent job of being competitive.” He suggested otherscould look to Enron as a “model competitor. They’ve done a verygood job of setting up a strong financial desk and a strongphysical desk and we don’t see any problem with it. I think theyhave set up their books in a way that they truly have separationbetween the regulated and unregulated aspects of their business.”

It doesn’t happen very often, so we’re noting an apparentlyspontaneous comment from Dynegy Counsel Ed Ross at a FERCRoundtable last week that one of his chief competitors, Enron, “hasdone an excellent job of being competitive.” He suggested otherscould look to Enron as a “model competitor. They’ve done a verygood job of setting up a strong financial desk and a strongphysical desk and we don’t see any problem with it. I think theyhave set up their books in a way that they truly have separationbetween the regulated and unregulated aspects of their business.”

The cash market went into a general stand-pat mode Wednesday,awaiting developments on the tropical storm, cold weather andstorage fronts. Nearly all points were united in seeing littleprice movement either up or down.

Coming into Tuesday’s session at Nymex traders agreed that oneof two things would happen-prices would either continue to spikelower in follow-though of Monday’s decline, or the market wouldtake a day to catch its breath. Those that cast their vote for thelatter were correct yesterday when the December contract slipped aslight 2.6 cents to settle at $2.279.