Previous

Encana Corp.’s Encana Natural Gas Inc. plans to supply liquefied natural gas (LNG) to fuel fleet vehicles in the Haynesville Shale. It will source the LNG from Pivotal LNG, a unit of AGL Resources, Inc., Pivotal said Monday.

Although the cash market showed a few signs of vitality in moving to near-flat numbers Tuesday following the previous day’s losses at nearly all points, there was little in the near-term outlook to suggest any chances of a substantive rally anytime soon.

Pennsylvania Marcellus Shale operators produced nearly as much natural gas in the first six months of 2011 as they did in the previous year and a half, according to new Pennsylvania Department of Environmental Protection (DEP) data.

Finding only relatively moderate cooling load for mid-August in many areas and weighed down slightly by the previous Friday’s near-nickel futures drop, nearly all of the cash market followed up Friday’s gains with softening Monday.

NGI’s Unconventional Rig Count edged up ever so slightly for the week ending July 22, rising to 987 rigs from 984 the previous week. Despite the pedestrian weekly advance, the current unconventional rig count remains a full 3% higher than the 961 rigs that were at work one month ago.

After warning market-area customers of a potential Overage Alert Day in the previous couple of days, Florida Gas Transmission issued one Friday with a 20% tolerance for negative daily imbalances.

“Summer doldrums” appeared to be an apt description of Thursday’s cash market as few points budged much from their previous-day positions and weather patterns weren’t showing a great deal of change either. A large majority of points were flat to slightly softer despite forecasts of hot temperatures continuing into next week for most of the eastern two-thirds of the U.S.

Southern California Gas is ending Thursday a high-linepack OFO that had been in effect for the previous two days. The LDC expects July 5-19 anomaly repairs on a segment of Line 2000 and a one-day Wheeler Ridge Station outage July 6 for repair of a cracked weld on the emergency shutdown discharge header to result in capacity losses of 200 MMcf/d at El Paso-Ehrenberg and 450 MMcf/d at Wheeler North, respectively.

Prospects of greater heat levels returning this week had prices rebounding at a large majority of trading locations Monday. The previous Friday’s rise of 3.6 cents by prompt-month futures and the return of industrial load from its usual weekend decline were additional minor bullish factors.