Might

S&P: Despite ‘Headline Events,’ Energy Industry Overall Remains Solid

The daily drubbing of bad news within the energy merchant sector might indicate that the downgrades, asset sales and layoffs are characteristic of the entire energy industry, said Standard & Poor’s (S&P) in a recent report. However, the sector’s problems began “well before” California’s power crisis and Enron Corp.’s bankruptcy, and then were hit by collateral damage. Despite the upheaval, however, companies that have kept their solid, less dynamic cash flow from physical energy assets still retain their “investment-grade characteristics.”

June 24, 2002

Transportation Notes

As it had said Tuesday might be necessary (see Daily GPI, Feb. 6), Florida Gas Transmission issued an Overage Alert Day notice for Wednesday’s gas day with 15% tolerance for negative daily imbalances. “Current weather forecasts indicate that cold weather will continue in the Southeast tonight and tomorrow morning, and FGT’s overall linepack is low,” said the bulletin board posting Wednesday morning.

February 7, 2002

Fort Worth Considers Gas Drilling Within City Limits

In a move that some might say could only happen in Texas, the City of Fort Worth may adopt an ordinance permitting natural gas drilling within the city limits. Still to be determined is the required distance between a well site and residential property, but under the current plan, wells could be drilled within 1,000 feet of homes. The city council was set to consider the ordinance this week.

December 3, 2001

Fort Worth Considers Gas Drilling Within City Limits

In a move that some might say could only happen in Texas, the City of Fort Worth may adopt an ordinance permitting natural gas drilling within the city limits. Still to be determined is the required distance between a well site and residential property, but under the current plan, wells could be drilled within 1,000 feet of homes. The city council was set to consider the ordinance this week.

November 29, 2001

Online Sales Make Marketers Less Sensitive to Customer Needs

Natural gas marketers might save a few pennies on each trade by doing their business online rather than over the phone, and they probably will handle more volume, but at some point in time it’s going to come back to haunt them, said Kevin Huntsman of Mastio & Company. Mastio just released its fifth customer satisfaction ranking of gas marketers, and the results are a little scary for many of the mega marketers, who boast about huge gas volumes but often have very few satisfied customers.

November 5, 2001

Interior Secretary: Smaller Eastern GOM Sale on Track for Dec. 5

Interior Secretary Gale Norton has dashed any industry hopes that the Bush administration might consider restoring the pared-down eastern Gulf of Mexico Lease Sale 181 to its original larger size in the wake of the Sept. 11 terrorist attacks on the nation.

November 5, 2001

Online Sales Make Marketers Less Sensitive to Customer Needs

Natural gas marketers might save a few pennies on each trade by doing their business online rather than over the phone, and they probably will handle more volume, but at some point in time it’s going to come back to haunt them, said Kevin Huntsman of Mastio & Company. Mastio just released its fifth customer satisfaction ranking of gas marketers and the results are a little scary for many of the mega marketers, who boast about huge gas volumes, but often have very few satisfied customers.

October 31, 2001

Interior Secretary: Smaller Eastern GOM Sale on Track for Dec. 5

Interior Secretary Gale Norton on Friday dashed any industry hopes that the Bush administration might consider restoring the pared-down eastern Gulf of Mexico Lease Sale 181 to its original larger size in the wake of the Sept. 11 terrorist attacks on the nation.

October 30, 2001

Transportation Notes

As it had said might be necessary due to processing cutbacks (see Daily GPI, Oct. 29), ANR declared an OFO Monday restricting receipts on its Southeast system to heating value of no more than 1,050 Btus per cubic foot. The OFO becomes effective Nov. 1 until further notice.

October 30, 2001

Transportation Notes

A day after warning that such action might be necessary, Florida Gas Transmission issued an Overage Alert Day notice Wednesday with 15% tolerance for negative daily imbalances.

September 6, 2001