Natural gas futures drew to a mixed close Tuesday as traders cited little in the way of new fundamental data and noted the rolling of short positions into more deferred contract months. At the close November futures rose 2.8 cents to $3.629 and December fell 1.8 cents to $3.992. November crude oil lost 54 cents to $81.67/bbl.
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Transportation Notes
Southern noted that it will lose 64% of its available injection/withdrawal capability during a shutdown test of the Muldon (MS) Storage Field that begins Tuesday and runs through the following Monday. Based on current supplies and anticipated demand, Southern expected injection requirements Tuesday to exceed capability by about 75,000 Dth/d.
EIA Slightly Lowers U.S. Gas Output Estimate for 2010
The Energy Information Administration (EIA) last week narrowly reduced its estimated outlook for U.S. natural gas production in 2010, but the federal agency noted that total output still is tracking to be 1.9% higher than in 2009.
EIA Slightly Lowers U.S. Gas Output Estimate for 2010
The Energy Information Administration (EIA) on Tuesday narrowly reduced its estimated outlook for U.S. natural gas production in 2010, but the federal agency noted that total output still is tracking to be 1.9% higher than in 2009.
Wisconsin Energy Might Merge Gas Utilities
While reporting improved quarter-over-quarter earnings and a growing rate base in its utilities, Wisconsin Energy CEO Gale Klappa noted the anticipated start-up date for a second coal-fired generation plant at its Oak Creek facility won’t be commercial until near the end of this year.
Michigan Regulators Targeting Efficiency
The Michigan Public Service Commission (MPSC) noted an emphasis on energy efficiency and renewable energy in its recent 2009 annual report to Gov. Jennifer M. Granholm and the Michigan legislature.
Michigan Regulators Targeting Efficiency
The Michigan Public Service Commission (MPSC) noted an emphasis on energy efficiency and renewable energy in its recent 2009 annual report to Gov. Jennifer M. Granholm and the Michigan legislature.
Traders See Improving Economy; April Gains More Than 4 Cents
April natural gas futures scored a modest gain Friday as traders noted covering of earlier short positions countered by light selling by producers. At the end of the day April futures had risen 4.6 cents to $4.813 and May added 4.8 cents to $4.879. April crude oil gained $1.49 to $79.66/bbl.
Traders See Improving Economy; April Gains More Than 4 Cents
April natural gas futures scored a modest gain Friday as traders noted covering of earlier short positions countered by light selling by producers. At the end of the day April futures had risen 4.6 cents to $4.813 and May added 4.8 cents to $4.879. April crude oil gained $1.49 to $79.66/bbl.
Eagle Ford Well Tests at 11.3 MMcfe/d, Says Pioneer
A well in the Eagle Ford Shale in South Texas drilled by Pioneer Natural Resources Co. flowed at an initial production rate of 11.3 MMcfe/d, the producer said Monday.