Impacts

UNG’s Market Impact Still Generates More Questions Than Answers

Traders are still discussing the potential impacts of the large position held by the United States Natural Gas Fund (UNG), especially as the exchange-traded fund (ETF) rolled its front-month positions on the New York Mercantile Exchange (Nymex) and the IntercontinentalExchange (ICE).

June 22, 2009

UNG’s Market Impact Still Generates More Questions Than Answers

Traders are still discussing the potential impacts of the large position held by the United States Natural Gas Fund (UNG), especially as the exchange-traded fund (ETF) currently rolls its front-month positions on the New York Mercantile Exchange (Nymex) and the IntercontinentalExchange (ICE).

June 17, 2009

Wyoming Governor Suggests Leasing Study Tainted

Wyoming Gov. Dave Freudenthal wants the U.S. Forest Service to redo portions of a draft supplemental environmental impact study (EIS) on possible oil and gas drilling impacts in the Wyoming Range after claiming that a producer was allowed to “guide and fund” the study and privately participate in agency meetings.

April 28, 2008

Wyoming Governor Suggests Leasing Study Tainted

Wyoming Gov. Dave Freudenthal wants the U.S. Forest Service to redo portions of a draft supplemental environmental impact study (EIS) on possible oil and gas drilling impacts in the Wyoming Range after claiming that a producer was allowed to “guide and fund” the study and privately participate in agency meetings.

April 24, 2008

Downeast LNG Says Canadian Report Lacks Fodder for Opponents

The recent Canadian government-commissioned study on the impacts of liquefied natural gas (LNG) tanker traffic in the choppy waters of Passamaquoddy Bay does not provide any fodder for the opponents of the Downeast LNG project proposed for Maine, said the company’s president.

October 5, 2007

Reserve Values Still Hot; Oil Overtakes Gas

The expectation for continued strong oil and natural gas prices, as expressed in each commodity’s Nymex strip, has had both positive and negative impacts on the exploration and production sector. It has allowed the industry to substantially pay-down debt, but also has driven up costs for people, equipment and, in particular, assets.

September 11, 2006

Reserve Values Still Hot; Oil Overtakes Gas

The expectation for continued strong oil and natural gas prices, as expressed in each commodity’s Nymex strip, has had both positive and negative impacts on the exploration and production sector. It has allowed the industry to substantially pay-down of debt, but also has driven up costs for people, equipment and, in particular, assets.

September 1, 2006

BP’s Quarterly Profit Stumbles, U.S. Gas Output Down

Residual impacts from last year’s Gulf of Mexico hurricanes, higher taxes and a prolonged Texas refinery shutdown sent BP plc’s 1Q2006 net profit down 15% from a year ago, despite higher commodity prices. The London-based major posted a net profit of $5.63 billion, compared with $6.602 billion in 1Q2005.

April 26, 2006

Transportation Notes

El Paso has a full plate of various maintenance projects set for February; see the bulletin board for details. The ones with the biggest service impacts are set for the South Mainline, which will see Low Pressure System capacity reductions as high as 750 MMcf/d Feb. 7-8 and 610 MMcf/d Feb. 3-6 and again on Feb. 9. Also, the pipeline said, the Washington Ranch Storage facility must be withdrawing at a rate of approximately 180 MMcf/d to accommodate equipment testing on Feb. 9. El Paso said it will lose a large degree of operational flexibility during the Washington Ranch test, “making it critical that all parties scheduling gas on our pipeline manage their volumes carefully to balance receipts and deliveries daily.”

January 24, 2006

Manufacturers Sound Off on Natural Gas Prices; Support More Drilling

Citing harsh economic impacts on the national economy from the post-hurricane run up of natural gas prices, the National Association of Manufacturers (NAM) Thursday sounded the call for “a second national energy bill” from Congress that would open up parts of the outer continental shelf to drilling. NAM’s President John Engler, the former governor of Michigan, said the manufacturers support a bill from Rep. Richard Pombo (R-CA) to lift the drilling restrictions.

October 21, 2005