Primarily building on upward momentum from the day before and an initially higher screen, the cash market continued to push higher Wednesday with gains that were mostly within a few cents on either side of 20 cents but tended to be greater in the Rockies.
Initially
Articles from Initially
Winter Shows Up, Boosting Futures, Cash
The sudden 20-cent jump in gas futures prices yesterdayinitially left most of the cash market behind with cold weathercurrently confined mostly to the Rockies and upper Midwest.However, late in the day cash prices gained enough ground to boostdaily averages up about a dime.
Cash Gas Creeps Higher While Oil Futures Skyrocket
Prices achieved broad-based small gains Tuesday largely based onan initially firm screen and lingering cool weather in the West,but were retreating in the late going as futures eventually movedlower.
Prices Continue to Rise But Give Hints of Peaking
Cash prices rode the continuing tropical storm news and aninitially higher screen to further gains Wednesday, but there weresigns that the big run-up had just about run its course. Mostincreases in the East were between about a nickel and a dime. Whilethat range also held true in much of the West, northern Californiaonce again tended to outpace the general market with dime-or-moreupticks at Malin and the PG&E citygate.
Tejas, Marathon to Build Plant
Tejas Natural Gas Liquids, LLC, and Marathon Oil Co. areplanning to build a new gas processing plant near Centerville, LA.The $30 million Neptune Gas Processing Plant initially will handle300 MMcf/d of production delivered from deep-water wells in theGulf of Mexico.