Mississippi Gov. Phil Bryant on Tuesday signed into law several energy bills that were passed by state lawmakers this spring, including one piece of legislation that should encourage more development in the emerging Tuscaloosa Marine Shale (TMS), as well as other unconventional oil and natural gas formations.
Articles from Resistant
The key Alberta link in Canada’s Mackenzie Valley gas pipeline project faces a fight to the finish, with a resistant aboriginal community straddling the entrance to the North American natural gas grid.
Cash prices proved remarkably resistant Friday to the softnessthat usually accompanies lowered demand for a weekend period. TheGulf Coast and Northeast citygates were essentially flat, whilemost of the small declines were concentrated in the West andMidcontinent. Sources attributed the relatively firm pricing tomodest support from a slightly higher futures screen, along withtrader anticipation of a return to hotter weather morecharacteristic of June than last week’s below-normal thermometerreadings throughout much of the East.
All the ingredients were right for the futures market to spirallower yesterday-a softer cash market, continued bearish weatherforecasts, and an abundance of ready-to-expire March $1.65 and$1.70 put options. But for some reason, all of those factors werenot enough to inspire a sustained round of selling, leaving theMarch contract to chop to either side of unchanged before finishingwith a 0.6-cent gain to $1.71.