In light of the dire predictions for the New York electricity market this summer, the Federal Energy Regulatory Commission has requested emergency clearance of a proposal to collect data from generators on “total or partial” outages, both planned and unplanned, in the state over the next few months.
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Muddled Technical and Fundamental Signals Keep Traders Guessing
Bulls saved their best for last on Friday. After being held to an extremely-tight, 7-cent trading range throughout much of the session, natural gas futures shot high during the closing 75 minutes of trading in concert with a spike in the nearby crude oil pit. At the closing bell, June natural gas futures were up a modest 4.3 cents or 1% at $4.291. Comparatively, June crude was up an even dollar or a little over 3% at $29.91.
Recruiting, Keeping Oil Patch Workers Vital
Begin early and work overtime to keep what you got — that was the advice of an Offshore Technology Conference panel last week on how to recruit for the oil and gas field. Demand is especially high for experience from top to bottom, which has led to a high turnover as companies aggressively go after other company employees.
Recruiting, Keeping Oil Patch Workers Vital
Begin early and work overtime to keep what you got — that was the advice of an Offshore Technology Conference panel this week on how to recruit for the oil and gas field. Demand is especially high for experience from top to bottom, which has led to a high turnover as companies aggressively go after other company employees.
Prices Keep Dropping, But by Lesser Amounts
Most prices kept falling Thursday but at a slower rate of decline than on Wednesday. Citing lower weekend load and the prospects for milder weather, a number of traders expect more softness today.
Anadarko Finds Success with Re-entry in Central TX
In a race to produce increasing amounts of natural gas to keep up with the nation’s growing demand, Anadarko Petroleum Corp. reported last Tuesday that it is continuing its work to find and produce new gas reserves from oil fields. The company announced its Fife Unit #2 well in Central Texas, which just came online, is producing natural gas at a rate of 51 MMcf/d.
Anadarko Finds Success with Re-entry in Central TX
In a race to produce increasing amounts of natural gas to keep up with the nation’s growing demand, Anadarko Petroleum Corp. reported Tuesday that it is continuing its work to find and produce new gas reserves from oil fields. The company announced its Fife Unit #2 well in Central Texas, which just came online, is producing natural gas at a rate of 51 MMcf/d.
FERC Approves CIG Raton Basin Expansion
Colorado Interstate Gas received a FERC certificate last Wednesday to expand its Raton Basin facilities to keep pace with expanding coal-bed methane production. CIG will construct two new compressor stations, add to a third, and build a total of 69 miles of pipe to deliver 85 MMcf/d into major interstate lines.
FERC Approves CIG Raton Basin Expansion
Colorado Interstate Gas received a FERC certificate Wednesday toexpand its Raton Basin facilities to keep pace with expandingcoal-bed methane production. CIG will construct two new compressorstations, add to a third, and build a total of 69 miles of pipe todeliver 85 MMcf/d into major interstate lines.
Alaskan Northwest Pipeline Application Still Viable
Calgary-based Alaskan Northwest Natural Gas Transportation Co. plans to keep up to-date its 20-year-old application for a pipeline right-of-way on Alaskan lands in its efforts to secure a front row seat if a natural gas pipeline is ever approved. The original application was filed in 1981 and remains active and in good standing, calling for a parallel route to the Alaska Highway.