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Escondido Kicks Off Open Season at TX Storage Project

Escondido Gas Storage LLC is holding a nonbinding open season for its natural gas storage project located southeast of San Antonio, TX, in Karnes and Live Oak counties. The open season for firm and interruptible storage service will run through 5 p.m. CST Feb. 15.

January 10, 2008

ICE, Nymex Prepare for Electronic Competition

Will electronic energy traders migrate back to old standby Nymex once it begins electronic trading on the Globex system, or will the market be split, with many continuing to trade on the IntercontinentalExchange (ICE), which has offered electronic trading since early 2000? The main thing the protagonists agree on is that “it will be an interesting year.”

May 12, 2006

Canada Shielded Residents from Winter’s Natural Gas Price Spikes

It paid handsomely to live on the Canadian supply side of the natural gas market over the last heating season. In the chief gas-producing province, Alberta, the government disclosed spending of C$650 million (US$552 million) to shield residents against the worst effects of spiking prices and said it still had cash left over for other benefits.

April 3, 2006

Futures Rally on Technicals and Winter Weather; Outlook Remains Mixed

Although officially spring on the calendar, it was still winter Monday if you live in the upper Midwest, the Northeast, or trade natural gas futures.

April 8, 2003

Industry Brief

The Oil & Gas Asset Clearinghouse will hold its next Hybrid Live Floor/Internet Auction, offering 1,525 quality oil and gas properties combined into 253 lots, at the George R. Brown Convention Center in Houston on Jan. 30. For the third consecutive year, the clearinghouse has been selected to hold an auction in conjunction with the North American Prospect Expo (NAPE). Properties in the auction are located in 15 states. Sellers include BP, 3-TEC Energy, PITCO, Redstone Energy, Bass Enterprises, Permian Basin Acquisition Fund, Delta Petroleum, Yuma, Casillas Petroleum and many others. Some of the more notable properties being offered include Red River Production’s Ladder Creek Field in Cheyenne County, CO; Southwestern Energy’s Wattenberg Field in Weld County, CO; Harris Oil & Gas’ Victory Field in Haskell and Morton Counties, KS; and Bass Enterprises’ Leleux Field in Acadia Parish, LA. The properties can be previewed online through Data Room Explorer hosted on the Petroleum Place web site (www.petroleumplace.com). Data rooms, including complete seller files for most of the notable properties, are open through Jan. 27. Call the clearinghouse at (281) 873-4600 to schedule a data room appointment. A pre-sale conference will be held Jan. 29 at the convention center from 8 to 5 p.m. All seller files will be available for review at that time.

January 10, 2003

UBSWenergy.com Goes Live with Financial Energy Offerings

UBS Warburg Energy started financial energy trading operations last week and completed a partial reincarnation of EnronOnline — now called UBSWenergy.com. The web site was up and running Monday with financial North American natural gas and power products being offered. A spokeswoman said physical products would be made available as soon as UBS is able to complete transportation agreements with gas pipelines and FERC approves the company’s market-based trade authority for power sales.

February 18, 2002

UBSWenergy.com Goes Live with Financial Energy Offerings

UBS Warburg Energy said it has started energy trading operations and completed a partial reincarnation of EnronOnline — now called UBSWenergy.com. The web site was up and running Monday with financial North American natural gas and power products being offered, and a spokeswoman said physical products will be made available soon, following regulatory approval.

February 12, 2002

ICE Gains Foothold In UK Gas Market

After going live on Dec. 6 with over-the-counter (OTC) trading of UK natural gas on its system, IntercontinentalExchange (ICE) said the new offering is off to a strong start with 115 trades at the National Balancing Point (NBP) hub with volume of 205 million therms.

December 17, 2001

ICE Gains Successful Foothold In UK Gas Market

After going live on Dec. 6 with over-the-counter (OTC) trading of UK natural gas on its system, IntercontinentalExchange (ICE) said the new offering is off to a strong start with 115 trades at the National Balancing Point (NBP) hub with volume of 205 million therms.

December 11, 2001

ICE Continues to Solidify OTC Position

After going live one year ago, online commodity marketplace IntercontinentalExchange (ICE) reported that more than 250,000 trades have been transacted on its system with a total notional value of over $400 billion. The Atlanta, GA-based company said the first full year of trading for its full spectrum of over-the-counter (OTC) energy and metals products is marked with “impressive levels of liquidity, price transparency and rapidly growing volumes.”

October 22, 2001