Both Pacific Gas & Electric and Southern California Gas allowed their high-linepack OFOs that had been in effect for two days and one day, respectively, to expire Saturday.
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Belt-Tightening Cuts Nevada PUC Energy Consumption
Energy efficiency measures taken by the Nevada Public Utilities Commission (PUC) at its own operations have reduced electricity and natural gas consumption at the commission by 23% and 25%, respectively, in 2007, generating $7,800 in savings, the PUC said.
Chesapeake Claims No. 1 Gas Independent Slot
Chesapeake Energy Corp.’s production set a record for the 24th consecutive quarter as 2Q2007 daily production increased 9% and 19% over production in 1Q2007 and 2Q2006, respectively. And that was enough to give CEO Aubrey McClendon something to crow about.
Chesapeake Claims No. 1 Gas Independent Slot, Targets Tops Overall
Chesapeake Energy Corp.’s production set a record for the 24th consecutive quarter as 2Q2007 daily production increased 9% and 19% over production in 1Q2007 and 2Q2006, respectively. And that was enough to give CEO Aubrey McClendon something to crow about.
Futures Test Lower Price Levels Following 22 Bcf Withdrawal
While the report that 22 Bcf was withdrawn from storage for the week ended March 23 came in a little larger than most industry estimates, the number was still below historical withdrawals for the week, which allowed bears the opportunity to cut some of the last week’s natural gas futures gains. May natural gas closed 6.3 cents lower Thursday at $7.609.
NGI The Weekly Gas Market Report
Bush Administration Opposes Measure Threatening to Cape Wind
A top official with the U.S. Department of Energy (DOE) has told federal lawmakers that the Bush Administration opposes a provision included in a Coast Guard reauthorization bill conference report that threatens to scuttle Cape Wind’s proposed 420 MW wind farm offshore Cape Cod.
Jefferies: Damage to Gulf Energy Facilities ‘Likely Worse Than Any of Us Knows’
Investment banker Jefferies & Co. Inc. has raised its projections for 2005 and 2006 Nymex natural gas prices to $7.75/Mcf and $7/Mcf from its previous estimates of $6.80/Mcf and $6.20/Mcf, respectively, in response to the reported damage to energy facilities along the Gulf coast as a result of Hurricane Katrina last week.
Cheniere Energy Files Permit for Creole Trail LNG Terminal, Pipeline
Cheniere Energy Inc. said last week that its Creole Trail LNG LP subsidiary and Cheniere Creole Trail Pipeline Co. have respectively submitted applications to the Federal Energy Regulatory Commission (FERC) for authorization to site, construct, and operate the Creole Trail liquefied natural gas (LNG) receiving terminal and an associated natural gas pipeline.
Cheniere Energy Files Permit for Creole Trail LNG Terminal, Pipeline
Cheniere Energy Inc. said Monday that its Creole Trail LNG, L.P. subsidiary and Cheniere Creole Trail Pipeline Co. have respectively submitted applications to the Federal Energy Regulatory Commission (FERC) for authorization to site, construct, and operate the Creole Trail liquefied natural gas (LNG) receiving terminal and an associated natural gas pipeline.
Texas Gas, Sabine Top Customer Satisfaction Rankings
Texas Gas Transmission and Sabine Pipe Line topped Mastio & Co.’s 2005 Mega and Major Pipeline Customer Satisfaction Indexes, respectively, while Kinder Morgan Interstate Gas Transmission ended up on the lower end of those rankings, which were based on surveys of pipeline customers last year.