A new study by the Interstate Oil and Gas Compact Commissionreports the number of idle gas and oil wells nationwide has jumpedby more than 58,000 in four years to 343,030 wells in 2000, whichillustrates the impact of low oil and gas prices over the past fewyears and the potential for increased marginal well production overthe next few years.
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Cinergy Fields a New Team of Trading Players
After defaulting on multiple contracts last July during a periodof extreme power prices and taking huge losses to make up for theproblem, Cinergy considered getting out of trading entirely.However, it ended up scaling back its national operations to aregional focus and it brought in a large new team of moreexperienced players.
Multiple Idle Wells Await Production
A new study by the Interstate Oil and Gas Compact Commissionreports the number of idle gas and oil wells nationwide has jumpedby more than 58,000 in four years to 343,030 wells in 2000, whichillustrates the impact of low oil and gas prices over the past fewyears and the potential for increased marginal well production overthe next few years.
Cinergy Fields a New Team of Trading Players
After defaulting on multiple contracts last July during a periodof extreme power prices and taking huge losses to make up for theproblem, Cinergy considered getting out of trading entirely.However, it ended up scaling back its national operations to aregional focus and it brought in a large new team of moreexperienced players.
Gas Draws Largest Numbers on EnronOnline
Out of the multiple commodities now trading on EnronOnlineworldwide, including gas, power, oil, coal, pulp and paper, cleanair credits, bandwidth, weather and credit derivatives,petrochemicals and plastics, North American natural gas still topsthe list of most actively traded. The rapidly growing e-commercesite, which Enron claims is the world’s largest with more than $50billion in transactions so far this year, now consumes much morethan 50% of Enron’s wholesale commodity transactions, includingmore than 10 Bcf/d of in the first quarter.
Utilities Wage Stealth War To Kill Restructuring
Multiple electric utilities have waged a clandestine campaignover the past 3 years to funnel about $17 million through twoWashington, D.C. front groups in an effort to stall electricrestructuring legislation in the House Commerce Committee’s Energyand Power subcommittee, the Washington Post reported last week.
Utilities Wage Stealth War to Kill Restructuring
Multiple electric utilities have waged a clandestine campaignover the past 3½ years to funnel about $17 million through twoWashington, D.C. front groups in an effort to stall electricrestructuring legislation in the House Commerce Committee’s Energyand Power subcommittee, the Washington Post reported yesterday.
Multiple Basins Starring In Gas Supply Plot
As the curtain slowly falls on gas supply from the Gulf ofMexico Continental Shelf, the deep-water waits in the wings.Canadian producers are scripting their role on the U.S stage. Andthe Alaskan gas play’s Lower 48 audience can’t buy tickets to theshow for about a decade.
Multiple Basins Starring in Gas Supply Plot
As the curtain slowly falls on gas supply from the Gulf ofMexico Continental Shelf, the deep-water waits in the wings.Canadian producers are scripting their role on the U.S stage. Andthe Alaskan gas play’s Lower 48 audience can’t buy tickets to theshow for about a decade.
National Fuel Gas Holds Multiple Open Seasons
National Fuel Gas’ storage subsidiary, National Fuel Gas Supply,announced three open seasons last week; a 9,750,000 Dth offering offirm storage service and associated firm storage transportation, a19,100 Dth/d offer for new firm transportation capacity and a150,000 Dth/d offer of firm transportation service from a proposednew interconnect with Empire State pipeline at Pendleton, NY. Allof the open seasons began on Nov. 29 and will end on Dec. 16. Ineach case, gas flow is expected to occur no later than April 1.