Post

Northern Natural Gas said forecasts of below-zero minimum temperatures prompted it to post a System Overrun Limitation (SOL) for all market-area zones (ABC, D and E/F) Sunday. Zero System Management Service was available that day, Northern said. It also posted a Sunday SOL for the New Market, MN #1 Town Border Station.

Choppy trading continued Monday in natural gas trading at the New York Mercantile Exchange as the market rebounded to take back a portion of Friday’s post-holiday and pre-weekend sell-off. At $6.604, the January contract gained 9.4 cents to close just off its $6.645 high for the session.

The LDC Forum Rockies & West conference, which concluded last Wednesday in Irvine, CA, offered a regional glimpse of the post-global credit crunch energy sector. Panel discussions and keynote talks were as significant for what was not emphasized as for what was.

The LDC Forum Rockies & West conference, which concluded Wednesday in Irvine, CA, offered a regional glimpse of the post-global credit crunch energy sector. Panel discussions and keynote talks were as significant for what was not emphasized as for what was.

Success in its global commodities sector helped Constellation Energy post earnings of $171.5 million (95 cents/share) for 2Q2008, compared to $116.3 million (64 cents) in 2Q2007, the company said Thursday. Constellation reaffirmed guidance for 2008 at $5.25-5.75/share and said it expects to grow earnings 15-20% over projected 2008 earnings.

El Paso Corp. Thursday said it is on track to post “sharply higher” full-year earnings than originally forecast following a solid quarterly performance from its natural gas pipeline and exploration businesses.

El Paso Corp. said it is on track to post “sharply higher” full-year earnings than originally forecast following a solid quarterly performance from its natural gas pipeline and exploration businesses. The company also remains “optimistic” about its Ruby Pipeline project, which would carry Rocky Mountain gas to the West Coast, but it is “not committed yet,” the pipeline chief said Thursday.

While natural gas futures prices recently soared to post-Katrina levels, recent data from the U.S. Department of Energy (DOE) indicates that Texans — during 2006 — had the lowest average residential natural gas rate among most of the southern states, according to Michael L. Williams, chairman of the Texas Railroad Commission (RRC).

While natural gas futures prices recently soared to post-Katrina levels, recent data from the U.S. Department of Energy (DOE) indicates that Texans — during 2006 — had the lowest average residential natural gas rate among most of the southern states, according to Michael L. Williams, chairman of the Texas Railroad Commission (RRC).