Lacked

Tenaska Midstream Services is participating in the development of a 16-mile natural gas gathering line to serve an area of West Virginia that has lacked adequate transportation infrastructure, the company said last Tuesday. Marcellus Shale production is targeted.

Tenaska Midstream Services is participating in the development of a 16-mile natural gas gathering line to serve an area of West Virginia that has lacked adequate transportation infrastructure, the company said Tuesday. Marcellus Shale production is targeted.

Tenaska Midstream Services is participating in the development of a 16-mile natural gas gathering line to serve an area of West Virginia that has lacked adequate transportation infrastructure, the company said Tuesday. Marcellus Shale production is targeted.

January natural gas futures made a new high for the second time in as many days on Friday, but the bulls lacked staying power as the prompt-month contract ended up closing the regular session at $5.163, down 13.5 cents from Thursday’s finish but 57.7 cents higher than the previous week’s finish.

The market finally had to acknowledge the fact that its large gains that dominated the first three trading days of the week lacked validating support from generally moderate weather fundamentals. Also feeling highly negative guidance from previous day’s futures loss of 27.6 cents, cash prices fell by double-digit amounts across the board Thursday.

A Minerals Management Service (MMS) official, who signed 668 oil and natural gas deepwater leases that lacked price thresholds in 1998 and 1998, told a House Government Reform subcommittee last Thursday the oversight was a “serious mistake” that was neither intentional nor calculated, but rather was due to poor processes at the agency.

A Minerals Management Service (MMS) official, who signed 668 oil and natural gas deepwater leases that lacked price thresholds in 1998 and 1998, told a House Government Reform subcommittee Thursday the oversight was a “serious mistake” that was neither intentional nor calculated, but rather was due to poor processes at the agency.

Unimpressed by the paths of the first two significant storms of the season, natural gas futures on Tuesday lacked the ability to rebound from Monday’s 29.9-cent drop. The prompt month settled up three-tenths of a penny at $5.816 after trading within a $5.77-5.855 range on the day.

Although it inched higher to start the week, the natural gas futures market lacked the buying oomph Monday to match crude oil in achieving new highs. The June natural gas contract finished at $6.424, up 2.3 cents for the session, but down nearly a dime from its highs last week. At 81,876, estimated volume was moderate, suggesting the there was ample selling to repel the buying interest.