Pulled

High oil prices have lifted producer interest in liquids-rich natural gas plays; they’ve also pulled up the economic attractiveness of converting gas to liquid fuels and other products.

The Ontario government, besieged by opposition community groups, has pulled the plug on plans for a 900 MW natural gas-fired generating station in the Toronto area.

Having already pulled the Henry Hub look-alike contract traded on IntercontinentalExchange Inc. (ICE) under its regulatory oversight authority, the Commodity Futures Trading Commission (CFTC) last Monday issued a Notice of Intent to consider whether 13 other natural gas contracts and 11 power contracts offered by ICE should receive similar treatment.

Having already pulled the Henry Hub look-alike contract traded on IntercontinentalExchange Inc. (ICE) under its regulatory oversight authority, the Commodity Futures Trading Commission (CFTC) on Monday issued a Notice of Intent to consider whether 13 other natural gas contracts and 11 power contracts offered by ICE should receive similar treatment.

San Francisco-based Pacific Gas and Electric Co. (PG&E), one of the nation’s largest energy utilities, last Tuesday pulled out of the U.S. Chamber of Commerce regarding what it called “fundamental differences” over climate change.

San Francisco-based Pacific Gas and Electric Co. (PG&E), one of the nation’s largest energy utilities, on Tuesday pulled out of the United States Chamber of Commerce regarding what it called “fundamental differences” over climate change.

Despite coming in only 4 or 5 Bcf below the industry consensus, Thursday morning’s report that 64 Bcf was pulled from natural gas storage for the week ended Nov. 28 read bearish as January natural gas futures put in a new low for the move at $5.961 before closing just above the psychological $6 level at $6.017, down 33 cents from Wednesday’s close.

Responding to protests from the governor and environmental groups, the federal Bureau of Land Management (BLM) office in Wyoming pulled 13 of the 229 parcels that had been scheduled for auction last Tuesday. The 13 parcels encompass about 28,500 acres in the Upper North Platte Valley near Encampment and Saratoga, WY.

Responding to protests from the governor and environmental groups, the federal Bureau of Land Management (BLM) office in Wyoming pulled 13 of the 229 parcels scheduled to be auctioned Tuesday. The 13 parcels encompass about 28,500 acres in the Upper North Platte Valley near Encampment and Saratoga, WY.