The industrial customer will be the overall loser next year as lagging U.S. and Canadian natural gas production, increased exports to Mexico, increased power generation use and pressure to refill storage is expected to keep the natural gas market tight and prices high, according to a report by Simmons & Co. International.
Lagging
Articles from Lagging
Anadarko’s Sharples Doesn’t See Supply-Demand Wreck, Prolonged Volatility
Despite lagging U.S. natural gas production activity, Anadarko Corp. President Richard J. Sharples said last week he doesn’t anticipate a major “train wreck” between supply and demand this year. Nor does he see prolonged incidents of price volatility ahead in the gas market, as some have speculated.
May 13, 2002
IPAA: U.S. May be More Dependent on Canada for Gas
Lagging U.S. gas production and an ever-increasing demand could make the United States a little more dependent on imported gas if recent long-term forecasts made by a committee of the Independent Petroleum Association of America (IPAA) hold up. Natural gas demand is expected to increase to 30.7 Tcf by 2015, far outstripping the domestic production level of 24.8 Tcf that is anticipated for the same period.
June 11, 2001
As Expected, Futures Slump into Weekend
Ending its streak of up-days at four, natural gas futures sunk lower Friday, as lagging cash market prices prompted traders to take profits ahead of the weekend. After stalling at $5.48 for the second day in a row, the May contract spiraled lower to close at $5.388, a 3.4-cent loss for the day.
April 9, 2001
Burlington’s Production Drops, But Income is on the Rise
Even with its natural gas production lagging by more than 100MMcf/d and oil production dropping by more than 15,000 b/d,Burlington Resources was still able to boost its net income from1999’s third quarter of $61 million ($.28 per share) to this year’sthird quarter level of $200 million ($.93 per share) due torealized oil and gas prices rising 47% and 42% respectively fromlast year’s 3Q.
October 23, 2000
Burlington’s Production Down, Income Up
Even with its natural gas production lagging by more than 100MMcf/d and oil production dropping by more than 15,000 b/d,Burlington Resources was still able to boost its net income from1999’s third quarter of $61 million ($.28 per share) to thisyear’s third quarter level of $200 million ($.93 per share) due torealized oil and gas prices rising 47% and 42% respectively fromlast year’s 3Q.
October 20, 2000
GAO Report of Utilities’ Y2K Readiness Attacked
A new General Accounting Office (GA0) report concluding that theelectric utilities are lagging behind on Y2K readiness came underfire in industry circles for being based on data that was sixmonths old. The GAO report, which was released last Friday,followed a Senate study of the issue that industry critics contendalso was founded on out-dated, faulty information.
April 20, 1999
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