Provided

On the sale block for two and a half months now, Constellation Energy Partners LLC (CEP) last Thursday reaffirmed its 2008 forecast and provided an overview of its 2009 business plan as its management gave a nod to challenging financial and commodity markets.

On the sale block for two and a half months now, Constellation Energy Partners LLC (CEP) Thursday reaffirmed its 2008 forecast and provided an overview of its 2009 business plan as its management gave a nod to challenging financial and commodity markets.

December natural gas futures staged a stout advance as near-term weather expectations provided a healthy incentive for buyers. The National Weather Service in its six- to 10-day forecast showed a broad stretch of the country from Louisiana to Vermont and as far west as Kentucky as having to endure below-normal temperatures. From Chicago to Dallas all the way to the West Coast was forecast to be above normal. December futures rose 22.1 cents to $6.533, and January rose 17.3 cents to $6.641. December crude oil slipped $2.09 to $54.95.

FERC last Thursday approved Distrigas of Massachusetts LLC’s (DOMAC) application to abandon its services provided under Section 7 of the Natural Gas Act (NGA) and to cancel the company gas tariff, including all rate schedules. By eliminating the tariff, DOMAC would be able to charge market-responsive prices for sales of vaporized liquefied natural gas (LNG) under Section 3, enabling it to more effectively compete with other gas suppliers in the Northeast market [CP08-49].

FERC Thursday approved Distrigas of Massachusetts LLC’s (DOMAC) application to abandon its services provided under Section 7 of the Natural Gas Act (NGA) and to cancel the company gas tariff, including all rate schedules. By eliminating the tariff, DOMAC would be able to charge market-responsive prices for sales of vaporized liquefied natural gas (LNG) under Section 3, enabling it to more effectively compete with other gas suppliers in the Northeast market [CP08-49].

The fundamentals are in place for exploration and production (E&P) companies to spend more on drilling programs and deliver a healthy return on the money they spend, provided they earn a New York Mercantile Exchange (Nymex) natural gas price of around $8.75/Mcf, according to energy analyst John Gerdes.

The fundamentals are in place for exploration and production (E&P) companies to spend more on drilling programs and deliver a healthy return on the money they spend, provided they earn a New York Mercantile Exchange (Nymex) natural gas price of around $8.75/Mcf, according to energy analyst John Gerdes.

Distrigas of Massachusetts LLC (DOMAC), a major liquefied natural gas (LNG) terminal in the Northeast, has asked FERC for authorization to abandon its service provided under Section 7 of the Natural Gas Act and to cancel the company gas tariff, including all rate schedules.

Distrigas of Massachusetts LLC (DOMAC) last month asked FERC for authorization to abandon its services provided under Section 7 of the Natural Gas Act (NGA) and to cancel the company gas tariff, including all rate schedules.