Prospects

Cash prices staged a rally at a majority of points Thursday, bolstered both by the previous day’s increase of 6.9 cents by May futures and prospects of increasing heating load in the Midwest. There was also the possibility of limited cooling load in the South as such locations as New Orleans and Houston were expected to peak around 80 degrees Friday while Orlando, FL, could expect a high in the mid 80s.

Prospects that an Alaska gas pipeline will move ahead are raising anxiety in the Canadian camp promoting construction of a Mackenzie project first. Bob Reid, Calgary president of Aboriginal Pipeline Group, let the concern show in a blistering statement intended to light a fire under the stalled Canadian regulatory process.

Prospects that an Alaska gas pipeline will move ahead are raising anxiety in the Canadian camp promoting construction of a Mackenzie project first. Bob Reid, Calgary president of Aboriginal Pipeline Group, let the concern show in a blistering statement intended to light a fire under the stalled Canadian regulatory process.

The $10-12 billion omnibus lands package, which would remove millions of acres of public lands as prospects for potential oil and natural gas development, appears to be stuck in the House over procedural issues.

The $10-12 billion omnibus lands package, which would remove millions of acres of public lands as prospects for potential oil and natural gas development, appears to be stuck in the House over procedural issues.

The prospects for U.S. natural gas markets this winter are in much better shape than they were just a few months ago, with gas storage above the five-year average, the National Weather Service (NWS) predicting a relatively mild winter and robust production continuing onshore, FERC staff said Thursday.

The prospects for U.S. natural gas markets this winter are in much better shape than they were just a few months ago, with gas storage above the five-year average, the National Weather Service (NWS) predicting a relatively mild winter and robust production continuing onshore, FERC staff said Thursday.

With a renewed interest over the last few years in oil and natural gas prospects in Alaska, Irving, TX-based Fluor Corp. is heading back to Alaska to open an office in Anchorage to support projects in the region.

BP plc’s land grab in the Arkoma Basin’s Woodford Shale last month is the first of several North American natural gas prospects likely to be pursued, the London-based major’s exploration chief said last week.