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NGI Archives

CFTC Sues Two More Risk Managers for Defrauding Coastal

Two more former employees of Coastal Corp. (now part of El Paso Corp.) have been charged with stealing tens of thousands of dollars from the company through a futures profits allocation scheme. The Commodity Futures Trading Commission (CFTC) has filed an administrative action against Clay Krhovjak of Bellville, TX, and Paul Cochran of Houston, charging that the two engaged in a trading scheme over a five-month period in 1996 to allocate profitable trades belonging to Coastal to accounts controlled by other unnamed scheme participants. The CFTC believes the two made off with about $89,228 in stolen profits.

October 30, 2001

NGI Archives

Analyst: Inventory Must Decline Before Production, Gas Use Rises

Even though a recent report by the National Association of Purchasing Managers (NAPM) has signaled that natural gas demand is moving toward recovery, industrial-related demand will “remain anemic” until inventory levels come down and production increases, according to last week’s Raymond James Energy’s Stat of the Week.

September 24, 2001

NGI Archives

Analyst: Inventory Must Decline Before Production, Gas Use Rises

Even though a recent report by the National Association of Purchasing Managers (NAPM) has signaled that natural gas demand is moving toward recovery, industrial-related demand will “remain anemic” until inventory levels come down and production increases, according to Raymond James Energy’s Stat of the Week Monday.

September 18, 2001

NGI Archives

AGA Storage Figures Subject to Significant Misinterpretation

An “evolution” in the uses and managers of gas storage capacity may be leading some industry observers to misinterpret the results of the American Gas Association’s (AGA) weekly storage report and the changes in storage levels over time, according to TXU Chairman David Biegler. However, customers and regulators should rest assured that despite the increasing variety of uses for storage, it remains a secure source of supply for the traditional utility, he said.

August 15, 2001
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