Increase

The November contract managed a $2.30 high and a 6-cent increase for the day Tuesday to $2.268 on a short-term cold weather forecast and a little fund buying. The modest market strength, however, is expected to be short-lived, according to several sources who point to few near-term fundamentals to inspire a significant rebound.

The prospect of a 67.5% increase in gas demand in the state of New York over the next five years has the New York State Energy Research and Development Authority (NYSERDA) and the New York Independent System Operator (NYISO) just a little concerned about a potential overload of the gas transportation system in the state.

Northwest Pipeline has filed an application with FERC for its Rockies Expansion Project in Wyoming and southeastern Idaho. The project would increase its capacity by 175,000 Dth/d for transportation of existing customers’ domestic supplies to markets in Idaho, Oregon and Washington.

Northwest Pipeline has filed an application with FERC for its Rockies Expansion Project in Wyoming and southeastern Idaho. The project would increase its capacity by 175,000 Dth/d for transportation of existing customers’ domestic supplies to markets in Idaho, Oregon and Washington.

Given the lack of widely agreed-to solutions and an increase in disagreements among parties, anticipation will be high and expectations low this week in California’s complicated political and regulatory energy landscape that promises to heat up with the return of the state legislature and a crucial business meeting of the state regulatory commission.

With the prospect for record supplies in storage and an added almost 400 MMcf/d capacity increase in the south, California’s natural gas prospects are distinctly upbeat this summer, compared with a year ago, according to the California Energy Commission’s chief natural gas expert watching the industry in the West.

With the prospect for record supplies in storage and an added almost 400 MMcf/d capacity increase in the south, California’s natural gas prospects are distinctly upbeat this summer, compared with a year ago, according to the California Energy Commission’s chief natural gas expert watching the industry in the West.

Barrett Resources Corp. unveiled its second quarter 2001 results Wednesday, which showed a strong increase over the equivalent time frame from 2000 due primarily to its gas business in the Rocky Mountains. The company reported net income of $55.1 million ($1.61 per diluted share) for the quarter that ended June 30, compared to a net loss of $4 million ($0.12 per diluted share) during the second quarter 2000.

Domestic gas production is expected to show an increase from the first quarter of about 0.5% and about 3.4% growth compared to the second quarter of last year, Salomon Smith Barney (SSB) said in a second quarter preview last week. However, SSB analysts warned that the pace of domestic drilling could slow significantly if gas prices drop below $3.