Keeping

Goodrich Petroleum Corp. is keeping its capital spending in 2010 flat compared with 2009, but natural gas-heavy volumes still are forecast to jump 15-25%, the producer said Thursday.

Keeping the week’s streak of lower closes intact, August natural gas futures — still faced with abysmal fundamentals — pushed lower on Wednesday to close at $3.795, down 4 cents on the day and 31 cents on the week.

Backers for the first of three proposed liquefied natural gas (LNG) terminals in Oregon to get a conditioned FERC approval, Bradwood Landing, are keeping a close eye on a Delaware LNG decision in March by the U.S. Court of Appeals for the District of Columbia Circuit that rejected a challenge to a similar conditioned approval of the Crown Landing LLC LNG project. Whether it is having any effect on Oregon officials is not clear.

Backers for the first of three proposed liquefied natural gas (LNG) terminals in Oregon to get a conditioned FERC approval, Bradwood Landing, are keeping a close eye on a Delaware LNG decision in March by the U.S. Court of Appeals for the District of Columbia Circuit that rejected a challenge to a similar conditioned approval of the Crown Landing LLC LNG project. Whether it is having any effect on Oregon officials is not clear.

Delivering a pre-holidays gift to the state’s consumers, the Wisconsin Public Service Commission (PSC) in mid-December ordered keeping electric rates unchanged and decreasing retail natural gas rates for two utilities — Wisconsin Public Service Corp. (WPS) and Wisconsin Power & Light (WP&L). The changes are effective Thursday with the start of the new year.

Keeping with the flip-flop trend of the week, a large majority of natural gas cash points on Wednesday reversed course from Tuesday and recorded gains of up to a half dollar. While the East, West Coast and onshore Gulf of Mexico area posted gains across the board, the Midcontinent saw a few declines mixed in with widespread gains. The Rockies had basically equal gains and losses.

While keeping the number of hurricanes it is forecasting below those predicted by several other weather prognosticators, forecasting network WeatherBug said it expects 10-12 named storms and an above-average Atlantic hurricane season.

While keeping the number of hurricanes it is forecasting below those predicted by several other weather prognosticators, forecasting network WeatherBug said it expects 10-12 named storms and an above-average Atlantic hurricane season, which kicks off this Sunday.

Keeping to the original plan of rolling out physical clearing services at specific delivery points over time, Atlanta-based IntercontinentalExchange (ICE) and Calgary-based Natural Gas Exchange Inc. (NGX) said last week that through their alliance, they will offer clearing and settlement services for physical over-the-counter (OTC) natural gas contracts at the Henry Hub delivery point beginning April 7.