Midwestern

Northeast Weakens, Rockies Strong, And Futures Soft

Overall physical gas Wednesday was unchanged on average with Rockies points the major winners and volatile Northeast points showing the greatest losses. Midwestern and eastern locations were largely flat. At the close of futures trading the October contract had fallen 1.1 cent to $2.762 and November was 1.6 cent lower at $2.945. October crude oil plunged $3.31 to $91.98/bbl.

September 20, 2012

Vending to Shale Patch to Reach $50B in 2015, Study Says

The market for products and services to support companies plying shale gas basins in the United States will grow to about $50 billion annually in 2015 as development continues in the Marcellus, Haynesville, Fayetteville and other shale plays, according to a recent study.

September 22, 2011

Eastern ‘Snowmageddon’ Fails to Spike Futures

Despite the fact that much of the midwestern and eastern parts of the country are plunging into the season’s second cold freeze, natural gas futures traders appeared unmoved Friday as the March contract bounced back and forth before closing the regular session at $5.515, up 9.9 cents from Thursday’s finish and 38.4 cents from the previous week’s close.

February 8, 2010

Eastern ‘Snowmageddon’ Fails to Spike Futures

Despite the fact that much of the midwestern and eastern parts of the country are plunging into the season’s second cold freeze, natural gas futures traders appeared unmoved Friday as the March contract bounced back and forth before closing the regular session at $5.515, up 9.9 cents from Thursday’s finish and 38.4 cents from the previous week’s close.

February 8, 2010

Recovery Will Be Slow, Say Utility CEOs

The economy’s recovery won’t be quick, but the beginning could be close at hand, according to two Midwestern gas and power utility executives.

September 24, 2009

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.

April 1, 2009

Futures Climb 14.1 Cents in Corrective Action as Midwest, East Freeze

While a number of major midwestern and eastern gas consuming regions were being assaulted by a wintery mix Tuesday, natural gas futures traders pushed March futures 14.1 cents higher to $7.367. Trading was confined to a slim 19-cent range.

February 14, 2007

Xcel 2Q Earnings Increase on Stronger Utility Margins

Citing stronger margins for both its electric and natural gas utility operations spread around 10 western and midwestern states, Xcel Energy Tuesday reported net income in the second quarter of $98 million, or 24 cents/share, compared with $83 million, or 20 cents/share, for the same period in 2005.

August 2, 2006

FERC Disputes Midwest AG Report Claiming $5B/Month in Gas Customer Overcharges

FERC on Thursday disputed the findings of a report that was commissioned by the attorneys general of four midwestern states that claimed that natural gas customers had been overcharged $5 billion a month.

March 17, 2006

Colder Weather Prompts Cash Rally with 10- to 75-cent Increases

Cash prices staged a solid rally Monday, jumping 10-75 cents in response to the return of colder weather in major midwestern, Midcontinent and northeastern markets and to a spike in futures prices.

March 14, 2006
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