Prompted

Higher natural gas prices have prompted New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources, to request its second rate hike in less than five months. NJNG notified the state’s Board of Public Utilities (BPU) on Monday of plans to increase prices by 5% effective Dec. 1; the utility requested a gas rate hike in June, which took effect in October.

Strength in the petroleum complex along with technical factors prompted a 20.7-cent increase in the December futures contract to $7.678/MMBtu Wednesday despite a larger than expected 34 Bcf gas storage injection reported by the Energy Information Administration (EIA) for the week ended Nov. 5.

Strength in the petroleum complex along with technical factors prompted a 20.7-cent increase in the December futures contract to $7.678/MMBtu Wednesday despite a larger than expected 34 Bcf gas storage injection reported by the Energy Information Administration (EIA) for the week ended Nov. 5.

Forecasts of cold weather in the northern half of Florida Friday night and Saturday morning prompted Florida Gas Transmission to issue an Overage Alert Day notice for its market area Friday. The notice had 20% tolerance for negative daily imbalances.

Demand for creditworthy counterparties and experienced risk management services has prompted Deutsche Bank AG and Wachovia Corp. to enter the U.S. natural gas trading and risk management business. Deutsche Bank reported last week that it hired a former El Paso Merchant Energy trading official and several additional gas trading professionals to anchor its operation.

Demand for creditworthy counterparties and experienced risk management services, has prompted Deutsche Bank AG and Wachovia Corp. to enter the U.S. natural gas trading and risk management business. Deutsche Bank has hired a former El Paso Merchant Energy trading official and several additional gas trading professionals to anchor its operation.

Rising commodity prices, cash flow and improving financial results have prompted Apache Corp. to plan a 20% dividend increase and another stock split. The company’s share price rose 1% on the news on Friday to $67.16.

Rising commodity prices, cash flow and improving financial results have prompted Apache Corp. to plan a 20% dividend increase and another stock split. The company’s share price rose 1% on the news on Friday to $67.16.

Rapid industrial and commercial gas demand growth around Saskatoon, SK, has prompted provincial gas utility TransGas to launch a $35 million natural gas storage project near the town of Asquith.