Rest

Just when it had seemed the whole market was finally in agreement on further severe cold through the rest of January and the corollary that a couple of mostly bullish weeks were upcoming, prices got thrown for a loop again. Doubts were arising again about how severely cold it will be in the closing weeks of the month. Whereas flat to much higher numbers had reigned throughout the market Wednesday, only a few locations that were flat to up nearly 20 cents avoided a near-total turnaround into negative territory Thursday.

Among natural gas shale plays, the Barnett Shale in North Texas is getting a bit long in the tooth, but it can hold its own with the nation’s other shale plays when it comes to proved reserves.

After lifting the rest of an OFO Action Alert for its six furthest upstream zones Tuesday, Tennessee said a new one with systemwide impact would be implemented Sunday. It cited limited operational flexibility, mild weather and upcoming Hebron/Ellisburg storage field tests as reasons for the OFO, which requires affected shippers to not exceed a tolerance of 2% of scheduled quantities or 500 Dth, whichever is greater, for overdeliveries into the system and undertakes from the system.

With Florida citygate prices peaking at $14 on the Aug. 4 trading date and staying well above the rest of the market since mid-June, FERC said it is aware of the situation but believes “extenuating circumstances” in the state explain the price run-up.

With Florida citygate prices peaking at $14 on the Aug. 4 trading date and staying well above the rest of the market since mid-June, FERC said it is aware of the situation but believes “extenuating circumstances” in the state explain the price run-up.

Successful drilling results in the Eagle Ford Shale of South Texas will lead to more spending in the play through the rest of the year, ConocoPhillips executives said last week.

Successful drilling results in the Eagle Ford Shale of South Texas led ConocoPhillips to increase its spending in the play through the rest of the year, the Houston-based major said Wednesday.

Calgary-based Enbridge Inc. last week reported the “best” quarterly results in company history, but the company doesn’t plan to rest on its laurels. Future growth, said CEO Patrick Daniel, will be more balanced between liquids pipeline projects and increasing opportunities in natural gas and renewable energy.

Northeast citygates, after holding back from the overall advances posted in the rest of the cash market in the first two days of this week, handily led gains at nearly all other points Wednesday. The general price strength occurred despite severely cold weather not being predicted for Thursday outside northern sections of the Northeast and Rockies, the Upper Plains and much of Canada.