Options

Lawyers for the former Kerr-McGee Corp. said last week they were still “evaluating our options” as to whether to appeal the recent court ruling ordering the producer, which is now part of Anadarko Petroleum Corp., to pay $22.9 million for the alleged underreporting of oil and natural gas royalties.

Kerr-McGee attorneys say they are still “evaluating our options” as to whether to appeal last week’s court ruling ordering the producer, which is now part of Anadarko Petroleum, to pay $22.9 million for the alleged underreporting of oil and natural gas royalties.

May options expiration on Tuesday saw the prompt-month natural gas futures contract continue its recent stretch of sideways trading as May futures bounced between $4.191 and $4.293 before closing out the day’s regular session at $4.216, down 4.6 cents from Monday’s finish. The contract expires Wednesday.

May options expiration on Tuesday saw the prompt-month natural gas futures contract continue its recent stretch of sideways trading as May futures bounced between $4.191 and $4.293 before closing out the day’s regular session at $4.216, down 4.6 cents from Monday’s finish. The contract expires Wednesday.

While there are a number of options, including electric power for light-duty vehicles, there is really only one viable option to replacing diesel fuel in heavy-duty fleet vehicles such as buses, trucks and construction equipment, and that is natural gas, Rich Kolodziej, president of NGVAmerica, told Natural Gas Intelligence (NGI).

While there are a number of options, including electric power for light-duty vehicles, there is really only one viable option to replacing diesel fuel in heavy-duty fleet vehicles such as buses, trucks and construction equipment, and that is natural gas, Rich Kolodziej, president of NGVAmerica, told Natural Gas Intelligence (NGI).

While there are a number of options, including electric power for light-duty vehicles, there is really only one viable option to replacing diesel fuel in heavy-duty fleet vehicles such as buses, trucks and construction equipment, and that is natural gas, Rich Kolodziej, president of NGVAmerica, told Natural Gas Intelligence (NGI).

The IntercontinentalExchange, Inc. (ICE) announced Wednesday it will introduce 23 new cleared over-the-counter (OTC) North American natural gas and power contracts. The new cleared swaps and options will be available for the trade date of Monday, Jan. 25, 2010.

Ormat Technologies announced Monday that it has exercised some previously announced options completing four 25-year purchased power agreements with Bismarck, ND-based Basin Electric Power Cooperative for small amounts of electricity that will be generated with some of Ormat’s recovered energy generation equipment on natural gas transmission pipeline compressors. Collectively, the deals amount to 22 MW and will be phased in over the next two years.