Listed

IntercontinentalExchange (ICE) has listed the Pine Prairie gas storage facility in Evangeline Parish, LA, as a gas market hub on the ICE over-the-counter (OTC) trading platform.

Taking the reins last week in the first open FERC meeting since President Obama tapped him to serve as chairman, Jon Wellinghoff listed his priorities, a number of staff changes within the Commission and also announced the formation of an office to tackle new challenges and issues while evolving the decision-making process.

Taking the reins Thursday in the first open FERC meeting since President Obama tapped him to serve as chairman, Jon Wellinghoff listed his priorities, a number of staff changes within the Commission and also announced the formation of an office to tackle new challenges and issues while evolving the decision-making process.

Just a day after the New York Mercantile Exchange (Nymex) set record daily volumes in its contracts on the Chicago Mercantile Exchange’s (CME) Globex trading platform, all Nymex contracts listed on the system went dark for an hour Thursday due to a “software issue” in the Globex system, the CME told NGI.

Just a day after the New York Mercantile Exchange (Nymex) set record daily volumes in its contracts on the Chicago Mercantile Exchange’s (CME) Globex trading platform, all Nymex contracts listed on the system went dark for an hour Thursday due to a “software issue” in the Globex system, the CME told NGI.

In an update to its hurricane damage assessment, the Minerals Management Service (MMS) sharply increased the number of pipelines listed as damaged by Katrina and Rita last year to 457 from 183 based on additional industry assessments and investigations. It also raised the number of large diameter pipelines (10 inches in diameter or larger) damaged to 101 from 64 but noted that 32 have now returned to service.

In what the company listed as a “significant” increase to its total natural gas and oil production, Magnum Hunter Resources Inc. said last week that it has participated in three new oil and gas discoveries and commenced production from six additional lease blocks, all located on the Outer Continental Shelf (OCS) of the Gulf of Mexico. The company said initial gross production rates from the six blocks aggregates approximately 97 MMcfe/d, or approximately 22 MMcfe/d net to Magnum Hunter.

Increasing financial risk in the energy trading business has prompted Natural Gas Exchange (NGX) to move to a fully collateralized gas commodity clearinghouse on July 1. The move is designed to ensure the integrity and security of exchange and clearing operations. NGX will require all parties to post collateral in the form of cash margin or a letter of credit.

As a follow-up to its gas quality advisory posted Tuesday (seeDaily GPI, Feb. 28), NGPL listedWednesday 12 points on its Louisiana Line (east of Compressor Station302 in Segments 23, 24 and 25) that are currently exceeding thepipeline’s limit of 1,050 Btus per cubic foot on receipts. EffectiveMarch 1, nominations at those points will not be confirmed untilfurther notice “unless acceptable mitigating actions have beenarranged,”