The combination of continued warm to hot forecasts in many areas and the return of industrial load from the greater declines of a low-demand holiday weekend generated strong price increases nearly across the board Tuesday. Generally hot weather is expected to continue at least into mid-July in much of the eastern two-thirds of the U.S.
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Pennsylvania Fee Debate Takes Summer Break
The Pennsylvania General Assembly won’t tackle a tax or fee on Marcellus Shale development during budget talks this summer, but will most likely return to the topic in the fall.
Groups Urge Tougher Oil and Gas Laws in Pennsylvania
Two environmental groups — the Pennsylvania Environmental Council (PEC) and the Chesapeake Bay Foundation (CBF) — are urging the Pennsylvania Department of Environmental Protection (DEP) to amend the state’s Oil & Gas Act, specifically calling for reforms to the permitting process for Marcellus Shale wells and enacting tougher rules on hydraulic fracturing.
Transportation Notes
Tennessee said due to the anticipated return of colder weather to its market area, an OFO Action Alert will be implemented Friday for all Balancing Parties in downstream Zones 4, 5 and 6. They will be required to maintain an actual daily flow rate not exceeding 2% of scheduled quantities or 500 Dth, whichever is greater, for underdeliveries into the system and overtakes from the system.
Most Points Near Flat Again; Northeast in Retreat
Price stagnancy is likely to be short-lived as a return to frigid temperatures is anticipated in most areas during weekend.
Data Point to Season of Mending for Canadian Producers
With only one month left to finish their annual scorecard, Canadian natural gas exporters are poised to chalk up a return to better times after a bruising fall.
Data Point to Season of Mending for Canadian Producers
With only one month left to finish their annual scorecard, Canadian natural gas exporters are poised to chalk up a return to better times after a bruising fall.
Election Outcome Could Shift Pennsylvania’s Marcellus Policy
A proposed severance tax on natural gas drilling in Pennsylvania may be dead this year, but the issue could return during the 2011 legislative session and it lives on in the campaigns of the candidates for governor. With Democratic Gov. Ed Rendell leaving office in January and the makeup of the state’s currently Democrat-dominated House and Republican-dominated Senate likely to change with the Nov. 2 election, Pennsylvania’s Marcellus policies could be looking at a facelift next year.
Prices Near Flat Again, But Softer Than Before
Given a little boost from the modestly firmer expiration of October futures and an almost imperceptible return of higher temperatures in the South, the September daily market ended Wednesday with a near-repeat of Tuesday’s trading — prices nearly all within a narrow range around unchanged.
Weather Load Still Light, But Most Points Up Anyway
Chiefly reflecting the previous Friday’s 11.5-cent rebound by October futures and the return of industrial load from its usual weekend hiatus, prices rose at a large majority of points Monday.