Probably

When Williams Cos. purchased Barrett Resources Corp. and its legacy assets in the Piceance Basin of the Rocky Mountains in 2001, management probably did not realize how fortuitous a move it would be.

When Williams Cos. purchased Barrett Resources Corp. and its legacy assets in the Piceance Basin of the Rocky Mountains in 2001, management probably did not realize how fortuitous a move it would be.

It’s probably going to be a liquefied natural gas (LNG) suppliers’ market for years to come and that is not good news for the more than 50 regasification projects planned in North America, according to a new report by Canadian investment bank Tristone Capital. Global liquefaction capacity will fall well short of regasification capacity over the next decade and likely beyond that, said Tristone’s Chris Theal.

ConocoPhillips’ natural gas marketing management team could probably write a new-and-improved version of how to succeed in the energy merchant business. In the past three years, the integrated producer has steadily grown from regional marketer to North American powerhouse, and now the company is positioning itself to become a major player in liquefied natural gas (LNG), a new market that likely will impact energy trading, a company executive said Wednesday.

Although the industry probably won’t have difficulty attaining a near record level of gas in storage for the upcoming heating season, some observers would like to see the federal government exert more control over storage to ensure there is sufficient gas in reserve on a regular basis throughout the year to keep downward pressure on gas prices.

Although the industry probably won’t have difficulty attaining a near record level of gas in storage for the upcoming heating season, some observers would like to see the federal government exert more control over storage to ensure there is sufficient gas in reserve on a regular basis throughout the year to keep downward pressure on gas prices.

El Paso subsidiary Southern Natural Gas told shippers on Monday that it probably will take four to six months to fix the seriously damaged pipelines and platforms east of Main Pass 298 offshore in the Gulf of Mexico. Service on other portions of its system, including the South Pass 60 Line and the Mississippi Canyon 194 Line, should be restored much sooner.

Williams Companies shares jumped 5% to $9.42/share Tuesday after Merrill Lynch analysts Steve Fleischman and Sam Brothwell resumed coverage of the company with a “Buy” rating and a $12/share 12-month price target.

The American Gas Association (AGA) told FERC it probably would be wise not to open a whole other can of worms by addressing the recent recommendations of the Virginia Industrial Gas Users’ Association (VIGUA). AGA said the VIGUA suggestions, in particular that FERC prohibit local distribution companies from simply transferring control of their firm transportation capacity to affiliates, go far beyond the scope of the Commission’s proposed rulemaking on a marketer Code of Conduct.