Records

Activity in British Columbia’s (BC) Horn River Basin has been contributing to leasing records in the province, spurring new pipeline proposals and a proposal for a new gas processing plant, which EnCana Corp. filed recently with provincial regulators.

A sustained recovery is beginning for Canadian natural gas exports, trade records kept by the National Energy Board (NEB) confirm. Volume and revenue gains that started around Christmas continued through the heating season, shows the NEB’s latest report on pipeline traffic across the Canada-U.S. border.

A sustained recovery is beginning for Canadian natural gas exports, trade records kept by the National Energy Board (NEB) confirm. Volume and revenue gains that started around Christmas continued through the heating season, shows the NEB’s latest report on pipeline traffic across the Canada-U.S. border.

Approved applications for permits-to-drill (APD) in Colorado are up 4% from the same time a year ago and are on pace to break all previous records, the Colorado Oil & Gas Conservation Commission (COGCC) said in a report issued Monday.

Not to be outdone by the IntercontinentalExchange (ICE) announcement last week that it posted new volume and commission records during February, the New York Mercantile Exchange (Nymex) reported last week that exchange-wide volumes during February were up over February 2006 levels and that electronic trading of its contracts through the Chicago Mercantile Exchange’s (CME) Globex system is enjoying “significant increases.” The dueling announcements from Nymex and ICE brought on a little bout of deja vu from early February, when both companies touted record January volumes (see NGI, Feb. 12).

Not to be outdone by the IntercontinentalExchange (ICE) announcement last week that it posted new volume and commission records during February, the New York Mercantile Exchange (Nymex) reported Monday that exchange-wide volumes during February were up over February 2006 levels and that electronic trading of its contracts through the Chicago Mercantile Exchange’s (CME) Globex system is enjoying “significant increases.” The dueling announcements from Nymex and ICE brought on a little bout of deja vu from early February, when both companies touted record January volumes (see Daily GPI, Feb. 6).

The New York Mercantile Exchange said it set daily volume records for natural gas, heating oil and RBOB gasoline futures on the CME Globex electronic trading platform Wednesday. The new gas futures totals broke a record set just one day earlier. Natural gas futures trading on Globex on Wednesday reached a record 137,562 contracts, exceeding the 130,627 contracts traded on Tuesday. Heating oil futures totaled 72,676 contracts, surpassing the 63,577 contracts traded on Jan. 12. And RBOB gasoline futures traded 52,032 contracts, beating the 49,969 contracts traded on Jan. 9. Globex trading volumes now regularly represent more than 70% of the total physically settled Nymex energy futures contracts. Nymex launched its physically settled futures contracts for trading on Globex during regular open outcry trading hours on Sept. 5, 2006, following its initial offering of financially settled, standard-sized and miNY energy futures contracts for trading on Globex on June 12.

Natural gas drilling activity set annual and fourth-quarter records in 2006, the American Petroleum Institute (API) said in a report released last Tuesday.

Natural gas drilling activity set annual and fourth-quarter records in 2006, the American Petroleum Institute (API) said in a report released Tuesday.