Impacts

EIA Sees Spot Gas Prices Averaging $8.50/Mcf in Fourth Quarter

Citing record crude oil prices, limited growth in natural gas production and the potential impacts of hurricanes, the Energy Information Administration (EIA) in its Short-Term Energy Outlook for August projects that Henry Hub spot gas prices will average $8.50/Mcf in the fourth quarter, up from its previous estimate of $7.90/Mcf.

August 11, 2005

Clarification

A report in Tuesday’s edition of NGI’s Daily Gas Price Index cited a recent analysis of the comprehensive energy bill by the Energy Information Administration (EIA) (see Daily GPI, Aug. 2). In analyzing the impacts of the energy bill, EIA focused on the bill that was passed by the House of Representatives last April rather than the version of energy bill that was approved by Congress last week. The EIA said it would have drawn different conclusions about the final version of the energy bill, which was substantially different that the earlier House version of the legislation.

August 3, 2005

High Gas Prices Underlie 1Q Results for Western Companies

Peeling back some of the underlying impacts on first quarter results among Western energy sector players this month, high wholesale natural gas prices play a part in just about all of them as found in the varying levels of success among several companies this week.

May 11, 2005

EIA Finds Serious Consequences without AK Pipe, LNG, or Tight Sands

There would be progressively greater impacts on natural gas consumption, prices and domestic supply if any or all of three restricted gas supply scenarios studied by the Energy Information Administration (EIA) occurred, the agency said in a special report released last week.

March 8, 2004

EIA Finds Serious Price, Demand Consequences without AK Pipe, LNG, or Tight Sands

There would be progressively greater impacts on natural gas consumption, prices and domestic supply if any or all of three restricted gas supply scenarios studied by the Energy Information Administration (EIA) occurred, the agency said in a special report released Monday.

March 2, 2004

Algerian LNG Blast Impacts Plans in the U.S., Industry Proponents Say

Last month’s tragic accident that killed at least 27 people at a liquefaction plant in Skikda, Algeria has had a chilling effect on the numerous plans for importing large quantities of liquefied natural gas (LNG) into the United States, according to speakers at a West Coast industry conference.

February 17, 2004

Lights Come Back on for Most Customers Hit by Cascading Blackouts

The “vast majority” of customers that lost power as a result of the massive wave of electrical outages that hit the Northeast, Great Lakes and eastern Canada on Thursday were being returned to service Friday, the head of the North American Electric Reliability Council (NERC) said at the end of the week.

August 18, 2003

Accounting Change Impacts Oneok’s 2Q Results

Attributing the decline in earnings to an accounting change, Oneok Inc. announced 2Q2003 net income of $22.5 million, or 23 cents per diluted share of common stock for the second quarter 2003, compared with $35.4 million, or 29 cents per diluted share, for the same quarter a year ago.

August 4, 2003

Aquila’s Exit from Trading Impacts 1Q2003, but Domestic Networks Show Gain

Aquila Inc.’s first quarter losses, though anticipated because of its decision to wind down its once mighty wholesale energy trading business, showed a glimmer of positive news Thursday, with the company’s domestic utility networks up more than 50% from a year ago.

May 16, 2003

Warm Quarter Impacts Southwest Gas’ Earnings

Due to much warmer than normal temperatures during the first quarter in California, Nevada and Arizona, Southwest Gas Corp. announced consolidated earnings of $0.76 per share for 1Q2003, a $0.56 decrease from the $1.32 per share earned during the first quarter of 2002. The company’s consolidated net income was $25.5 million, compared to $42.9 million in the prior period.

May 5, 2003