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Heat

Eastern, Midwest Points Steady To Lower; Futures Slip

The cash market on average was unchanged Wednesday as weather forecasts for major metropolitan areas showed little in the way of near-term heat, although warmth was forecast for the Midwest and Ohio Valley into the Father’s Day weekend. Physical prices were within a few pennies of unchanged at most points and at the close of futures trading July had eased 4.7 cents to $2.185 and August had slipped 5.1 cents to $2.236. July crude oil shed 70 cents to $82.62/bbl.

June 14, 2012

Chesapeake Shares ‘Have Hit a Floor,’ Says Analyst

Chesapeake Energy Corp.’s stock price may have reached its bottom, an energy analyst said Friday. However, things may heat up in the coming days after activist shareholder Carl Icahn revealed late Friday that his firm now owns a 7.6% stake in the company — and he wants four board members replaced.

May 29, 2012

Chesapeake’s Liquidity Said Bigger Issue Than Governance

Chesapeake Energy Corp., which took incoming fire from all sides last week, is taking more heat about its liquidity from credit ratings agencies and energy analysts than about CEO Aubrey McClendon’s alleged financial indiscretions.

May 7, 2012

Microturbines Find New Niche in Shale Patch

A major U.S. microturbine maker has found a new niche market for its onsite combined heat-and-power generating systems. Los Angeles-based Capstone Turbine Corp. is finding rapid growth for its products in the oil and gas patch.

December 28, 2011

Alaska In-State Gasline Backer Touts Cheaper Fuel

Cheaper heat, lower prices for electricity and cleaner air all could be possible for residents of Fairbanks, AK, and rural areas with greater reliance on natural gas, according to a newly released report.

December 9, 2011

With the Heat On, Texas Turns to Gas

Blazing heat and a comparatively robust economy have driven up power demand in the Lone Star State enough to move the Electric Reliability Council of Texas (ERCOT) to contract for power from four mothballed gas-fired generating units.

August 22, 2011

Surge of Storage Bullishness Firms Cash Quotes

Even with heat forecasts in most areas remaining on the seasonal to relatively mild side for the middle of one of the hottest months in the year, prices rose at nearly all locations Friday. Largely ignoring the usual weekend downturn of industrial demand, the cash market instead derived most of its strength from the previous day’s below-expectations storage injection report for the preceding week and the subsequent bullish reaction by futures traders.

August 15, 2011

Price Moves Mostly Mixed; Northeast Leads Gains

Although there was only a fairly small return of heat in the Northeast Monday and some areas there were already due to start seeing high temperatures slacken again a few degrees Tuesday, Northeast citygates recorded most of the largest upticks of up to about 35 cents. One source suggested that Monday’s moderate temperature upticks may have spurred a little extra buying by Northeast traders to resolve unexpected Monday imbalances.

August 9, 2011

$700M NGL Pipeline to Target Permian

Activity in the Permian Basin of West Texas continues to heat up. Last week a major natural gas liquids pipeline project was announced while, separately, more producing oil and gas assets there traded hands.

June 27, 2011

Producer: More Contracting Risk in Fast-Moving Shale Patch

Activity in natural gas shale plays has tended to heat up fast, especially when producers get a whiff of liquids-rich gas. Besides buying up acreage, producers are committing to gathering, processing and transportation services, and buyer’s remorse can result from moving too fast, a Range Resources executive warned recently.

June 24, 2011
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