Citizens for Property Rights (CPR), a five-member group that opposes what members believe are too-strict restrictions on gas drilling imposed by the city of Southlake, TX, failed to get enough signatures on a petition to relax some of the rules. However, CRP Chairman Stephen Oren said the group will try again.
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Gains Proliferate into Nearly All of Market
The market was marginally firmer Wednesday as a significantly greater number of points were seeing small increases than a day before. The rationale for the modest rise in bullishness was elusive, as cooling demand was receding to some extent in the Midcontinent and parts of the South while mostly moderate conditions still dominated the rest of the weather picture. Also, Tuesday’s flat July futures provided no support for cash numbers Wednesday.
Mixed Price Moves Reflect Overall Losses
With overall weather fundamentals strengthening only marginally, prices continued to fall at a slight majority of points Monday.
Modest Rise in Heating Load Boosts Most Points
The market was marginally stronger Tuesday as forecasts of Midwestern lows not far above freezing joined sub-freezing predictions for the Rockies and much of Western Canada in creating extra heating load. Overall temperatures, however, were expected to get no lower than chilly (40s) in most areas, and thus flat to higher numbers only modestly outnumbered losses.
New York Production Plateaus; Trenton-Black River Slows
Natural gas production from wells in New York leveled off last year, increasing only marginally after increases of 17% between 2004 and 2005 and 30% between 2003 and 2004, the New York State Department of Environmental Conservation (DEC) said July 2.
New York Production Plateaus; Trenton-Black River Slows
Natural gas production from wells in New York leveled off last year, increasing marginally after increases of 17% between 2004 and 2005 and 30% between 2003 and 2004, the New York State Department of Environmental Conservation (DEC) said Monday.
Most Points See Modest Gains; TS Debby in Works?
Several flat to marginally lower prices (mostly in the West) again prevented the cash market from making it a clean sweep of increases Tuesday. Otherwise, lingering heat, although not anywhere near as bad as in late July and early August, allowed prices to ignore a dime drop in futures the day before and record gains of anywhere from 2-3 cents to nearly 45 cents.
All Points See Gains; Start-Up Snag at Opal
Power generation demand was rising only marginally as conditions remain rather mild across Canada and most of the northern half of the U.S. However, the cash market used prior-day screen support, expectations of a very low storage injection in the previous week (and quite possibly another unusual midsummer pull), and the quite strong cooling load being experienced throughout the southern U.S. to record sizeable gains across the board Wednesday.
Futures Settle Marginally Lower Ahead of Weekend
After starting out just above the psychological $7 level, January natural gas futures stumbled lower throughout the day, thanks in part to sympathy with crude and heating oil, which made significant drops in Friday’s regular session.
Futures Settle Marginally Lower Ahead of Weekend
After starting out just above the psychological $7 level, January natural gas futures stumbled lower throughout the day, thanks in part to sympathy with crude and heating oil, which made significant drops in Friday’s regular session.