Past

The Rocky Mountains over the past 20 years have been established as one of the largest natural gas reserve regions in the Lower 48, but there is no lack of challenges for exploration and production companies to access and develop the resource, according to Richard H. Lewis, CEO of Prima Energy Corp.

The Rocky Mountains over the past 20 years have been established as one of the largest natural gas reserve regions in the Lower 48, but there is no lack of challenges for exploration and production companies to access and develop the resource, according to Richard H. Lewis, CEO of Prima Energy Corp.

Transco said Monday it had “Transco experienced significant positive transportation imbalances (receipts in excess of deliveries) on its system over the past weekend and expects this to continue through the end of September as a result of low gas prices.” Effective immediately, it is not allowing receipt make-up nominations unless they are sourced from the Washington or Eminence storage fields. Transco urged shippers to avoid any positive imbalances and to actively resolve any existing ones as soon as possible. It also said it will limit positively scheduled imbalances at all pooling points to a tolerance of 1% or 1,000 dekatherms, whichever is greater. Shippers with negatively scheduled imbalances at their pools will continue to be held to a 4% tolerance level. Transco may proactively decrease deliveries into the pools to bring them in line with receipts away from the pooling points.

After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago last week said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.

After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago Monday said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.

Online power trading over the past six months in the United States has continued to grow by a sizeable percentage, but most wholesale power deals still are being done the old-fashioned way through traditional voice brokerages, according to the latest survey from Energy Argus Inc. The company said its data revealed that Internet-based trading now makes up 38% of trading in the country, up from 28.5% in February and 25% in April 2000.

Canadian 88 Energy Corp. and Canadian Superior Energy Inc., involved in litigation over the past several months that played out loudly and often in the press, announced Friday that “all issues and all litigation between them” — including between former Canadian 88 CEO Greg Noval — have been “fully settled.” Noval is now CEO of Canadian Superior.

Online power trading over the past six months in the United States has continued to grow by a sizeable percentage, but most wholesale power deals still are being done the old-fashioned way through traditional voice brokerages, according to the latest survey from Energy Argus Inc. The company said its data revealed that Internet-based trading now makes up 38% of trading in the country, up from 28.5% in February and 25% in April 2000.

If you are a futures bear, it goes without saying that you have had quite a run over the past eight months. After all, the market has repeatedly given you price-negative technical and fundamental news on which to trade. And even when the market was hit with a bullish influence such as a tropical storm or a round of short-covering, the rally has been short-lived. In possibly the crowning example of this bearishness, the American Gas Association announced yesterday not only that a whopping 86 Bcf had been injected into storage last week, but also that they were forced to revise — as many market participants had expected — the refill from the week prior from 3 Bcf to 50 Bcf.