Pulled higher by the momentum in the futures market and some lingering effects of the 2.1 Bcf/d in temporary production curtailments in the Gulf of Mexico late last week because of formerly Tropical Storm Hanna, cash prices bounded 10-20 cents higher Monday and ended on a relatively strong note at most locations outside the Rockies.
Lingering
Articles from Lingering
Northern CA Gas Drilling Stepped Up at Brisk Pace
With the stimulus of the state’s electricity and natural gas crunch lingering, the pace of new natural gas well drilling in the northern half of California has nearly doubled over last year, according to state officials. Notices to drill new gas wells are coming in at a pace not seen since the mid-1980s, and the total for any single year in the 1990s will soon be surpassed.
IPPs Ask Cal-ISO to Pay Up for Past Power Sales
In the continuing string of unpaid power bills that sits at the heart of California’s lingering electricity crisis, the state association of independent power producers last Wednesday asked the state transmission grid operator, Cal-ISO, to pay up. The nonprofit public benefits organization said that it is “working on it.”
Impact of Energy Crisis Assessed
Business customers of the investor-owned utilities in California are increasingly concerned about the lingering energy crisis that has spiked electricity and natural gas prices and fomented uncertainty about supplies, according to an analysis by the Los Angeles County Economic Development Corp. (LAEDC).
Financial Unrest is Backdrop to CA Gov.’s Latest Initiative
Is the colossal game of financial chicken that has been a major part of the response to California’s lingering energy crisis finally going to play out as the backdrop to the latest initiatives by the governor and his regulatory leaders?
Lingering Cold Keeps East Flat; Most of West Softens
Prices emerged from the weekend flat to slightly higher or lowerMonday at nearly all points outside the declining California andRockies/San Juan markets. There probably would have been moreeastern softness, sources said, if weather in the Northeast andMidwest hadn’t exhibited more of a tendency to retreat back intowinter, rather than press forward into spring. Even the South wasseeing more chill than normal for this time of year.
FERC Ruling on Sea Robin Pleases No One
FERC’s attempt at a “Solomonic solution” to the lingering feudover the function of Sea Robin Pipeline — dividing the offshoresystem in two, with the smaller part being declared transportationand the larger section found to be gathering-apparently has failedmiserably. Both pipelines and their customers have cited shortfallswith the decision and are seeking rehearing. If the Sea Robinruling is upheld by FERC on rehearing, the case — which has beenpending since 1995 — would be headed back to the courts for asecond time.
Williams Gets One More Shot to Settle GSR Costs
FERC last week gave Williams Gas Pipelines Central Inc. one morechance to settle the lingering, controversial cost-recovery issuesarising from the reformation of three of its contracts for gassupply in Colorado.
Williams Gets One More Shot to Settle GSR Costs
FERC earlier this week gave Williams Gas Pipelines Central onemore chance to settle the lingering, controversial cost-recoveryissues arising from the reformation of three of its gas supplycontracts for production in Colorado.