With only a day left before the capacity now held by DynegyMarketing and Trade on El Paso Natural Gas opens to bids for nextyear, parties are continuing to fight over the legality of theoriginal contract.
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Raymond James Eyes Production Drop
Raymond James & Associates’ gas analysts warned investorsyesterday the latest production statistics indicate gas productionis down 4-6% compared to last year. The St. Petersburg, FL-basedfirm highlighted several indicators, including sharply loweryear-to-year storage injections, reduced E&P company productionfigures, a growing “balancing item” reported by the Department ofEnergy in its gas market statistics and a survey of three of thelargest gas producing states.
Gas Industry Looks for Gains From Distributed Power
Natural gas and distributed electric power should become closeallies over the next 30 to 40 years as the world transitions toless dependence on a fossil fuel-based energy economy, according toseveral microturbines developers who outlined the “opportunitiesand challenges” of decentralized electricity generation at NGI’sGasMart/Power ’99 in Dallas last week.
Gas Industry Awaits Gains from Distributed Power
Natural gas and distributed electric power should be closeallies over the next 30 to 40 years as the world transitions toless dependence on a fossil fuel-based energy economy, according toproponents of different microturbines who outlined the”opportunities and challenges” of decentralized electricitygeneration May 11 at GasMart/Power ’99.
May Prices See Little Movement; Swing a Bit Softer
As trading for next month picked up some momentum Wednesday, theMay market appeared to be developing with less volatility than inprevious bidweeks this year. One marketer reported Chicago citygatedeals Wednesday in the exact same $2.36-39 range as he had tradedTuesday. Many other points also were reported to be staying closeto their starting levels. However, a couple of sources reportedSouthern California border numbers falling slightly to $2.22-24from the mid-$2.20s., while a marketer said Sumas was recovering tothe mid $1.90s after having dipped slightly Tuesday.
Canadian Producers Predicting Price Jumps
Canadian producers expect their natural gas prices to rise by asmuch as 60% when the next heating season catches up with effects ofthe 1998-99 drilling slump.
Canadian Producers Predicting Big Price Jumps This Winter
Canadian producers expect their natural gas prices to rise by asmuch as 60% when the next heating season catches up with effects ofthe 1998-99 drilling slump.
FERC Eyes Inquiry of Projected Gas Demand in East
The Federal Energy Regulatory Commission has scheduled on itsmeeting agenda for next week a policy statement initiative aimed attaking a realistic assessment of the future demand outlook fornatural gas in the eastern half of the United States.
Industry Will Be Y2K Ready by Third Quarter
Most oil and gas companies – 94% – report they expect to befully Y2K ready by next September, according to a survey that wasreleased yesterday at a conference of the oil and gas sectorworking group of the President’s Council on Year 2000 Conversion.
Commercials Fight to Draw on Next to Last Day
A casual observer of yesterday’s market would look at the tighttrading range, low volatility and unchanged settlement and concludeit was a quiet trading day at the New York Mercantile Exchangewhere neither bull nor bear prevailed. But beneath February’s4-cent trading range and $1.714 settlement price, a battle waswaged as commercial traders in opposing camps, unencumbered bylocals who have largely moved on to March dealings, trieddesperately to influence a move in their direction. And so, as asource from a mid-sized gas marketer lamented, “the big boys wereat it again.”