Predicts

The Energy Information Administration (EIA) expects spot natural gas prices to remain between $5.50 and $6.00/MMBtu through the rest of 2003 because of the low level of gas in storage, the Energy Department agency’s Short-Term Energy Outlook reported Friday.

Summer temperatures across the United States are likely to be normal to warmer than normal, but Citigroup Global Markets meteorologists Jon Davis and Mark Russo said they’re not expecting an unusually hot summer.

Summer temperatures across the United States are likely to be normal to warmer than normal, but Citigroup Global Markets meteorologists Jon Davis and Mark Russo said they’re not expecting an unusually hot summer unlike what occurred last year.

EnCana Corp., North America’s largest independent, predicts that it will show 12% growth for 2003, and will achieve 10% compounded annual per-share growth — at a minimum — for several years to come.

EnCana Corp., North America’s largest independent, predicts that it will show 12% growth for 2003, and will achieve 10% compounded annual per-share growth — at a minimum — for several years to come.

EOG Resources Inc. was hit with declining sales and losses in its hedging program during the third quarter, but the natural gas heavyweight still managed to surpass Wall Street earnings estimates for the period. The Houston-based independent expects the company’s results to jump 6-7% next year, driven by higher natural gas prices and strong production from its growing Trinidad operations.

EOG Resources Inc. was hit with declining sales and losses in its hedging program during the third quarter, but the natural gas heavyweight still managed to surpass Wall Street earnings estimates for the period. The Houston-based independent expects the company’s results to jump 6-7% next year, driven by higher natural gas prices and strong production from its growing Trinidad operations.

Following last year’s record warm winter and lower energy prices, Yankee Gas warned that consumers can expect to pay higher energy prices “across the board” this heating season. The U.S. Department of Energy (DOE) said demand for gas is expected to increase 12% compared to last year, assuming normal weather.

Following last year’s record winter warmth and lower energy prices, Yankee Gas warned that consumers can expect to pay higher energy prices “across the board” this heating season. The U.S. Department of Energy (DOE) said demand for gas is expected to increase 12% compared to last year, assuming normal weather.