Tag / Load



Vectren Secures Cheap Natural Gas Supplies for Ohio Consumers

Evansville, IN-based utility holding company Vectren Corp. secured a year’s supply of natural gas for its standard choice offer (SCO) load at a price indexed to the Henry Hub, plus $1.05/Mcf.

February 8, 2013

Industry Briefs

A U.S. flagged oil tanker arrived at the Port of Corpus Christi, TX, on Wednesday to load Eagle Ford Shale crude for transport to other U.S. ports. The Jones Act of 1920 requires that any goods moved by water from one U.S. port to another must be carried by a U.S. flagged ship. The M/V Pennsylvania passed by the Harbor Bridge gateway to the inner harbor Wednesday and docked at the port’s Oil Dock No. 1, the Corpus Christi Caller Times reported. It is the U.S. built tanker’s first visit to the Corpus Christi port.

September 28, 2012

Few Points Able to Avoid General Price Slide

With most areas returning to seasonal or warmer-than-normal temperatures, the decline in heating load was sufficient to cause lower prices at all but three points Thursday. The relatively rare substantive gain of 10.3 cents by February futures a day earlier obviously had little impact in stanching the continued bleeding of cash prices.

January 6, 2012

Transportation Notes

NGPL advised shippers of a potential OFO “for oversupply or undertake activities across its entire system due to the lack of significant market load.” Shippers can mitigate the need for an OFO by ensuring that imbalances are not in a long position and that point operators are flowing as nominated the pipeline added. It said that if it is determined that the OFO is required, “any gas left on the pipeline is at risk of OFO penalties.” See the bulletin board for details.

November 28, 2011

Cooling Trends Manage to Rally Most Points

Although softening continued at New England locations, most of the market found enough impending increases in heating load to spur higher prices Tuesday. The overall cash bullishness was able to overcome a prior-day drop of 8.7 cents by December futures and expectations that a net build in storage had extended into at least the first week of November.

November 9, 2011

Northeast Leads Declines Found in Most Regions

A large majority of points softened Monday as significant heating load was generally scarce and winter term deals along with sparse use of storage were able to meet many buyers’ needs.

November 8, 2011

Prices Keep Rising at Most Locations

It likely will last only a few days before starting to diminish again, but heating load is building from the Midwest through a wide snowy swath of the Rockies, and the South and Northeast can expect to feel a similar chill as the weekend approaches. The result was a second day of firming cash quotes at nearly all points.

October 26, 2011

Price Gains at Nearly All Locations Get Steeper

Price gains were virtually across the board Wednesday and were larger than the prior day’s mostly minuscule upticks. Cooling load is recovering in many areas from its slump during the first two-thirds of August, and Tuesday’s 10.4-cent increase by September futures was an additional bullish factor.

August 25, 2011

FERC OKs Colorado Gas Storage Project

FERC on Thursday approved Leader One Energy LLC’s application to convert a production field to a natural gas storage facility to meet existing peak-day and load growth demand for local gas distribution and power generation in the market area along the Front Range in Colorado.

August 19, 2011

Prices Keep Falling Despite Lots of Heat

Prices continued to drop by generally small amounts at nearly all points Thursday despite cooling load remaining heavy in some areas. A few cooling trends and the previous day’s downturn of 6.5 cents by prompt-month futures were primary components of the cash market softness.

August 5, 2011
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