Returned

Current weather didn’t seem cold enough to justify the substantive gains realized Tuesday at nearly all points as many — but not all — traders returned to their offices from the Christmas holiday weekend. They may have been stocking up a bit in looking forward to the first week of January, when some predict a boost in heating load from the return of cold weather.

Following rather moderate Thanksgiving weekend weather in most regions, traders returned to their offices Monday to face much more winter-befitting forecasts going into December. That, along with a modest futures advance on the preceding Wednesday and the return of industrial load from holiday hiatus, propelled a solid majority of the cash market to substantial gains.

A Pennsylvania state Senate committee passed amended impact fee legislation on Monday that returned an impact fee to the bill, added environmental safeguards and changed the way the bill would govern local ordinances over oil and gas drilling.

Just returned to service after a rupture that is still being investigated, TransCanada Corp.’s Bison natural gas pipeline linking the Rockies to the upper Midwest is eyeing a number of potential markets, following a review of the line’s safety by federal authorities, Todd Johnson, TransCanada director of markets in the West, told the LDC Forum: Rockies & West meeting last Tuesday in Los Angeles.

Just returned to service after a rupture that is still being investigated, TransCanada Corp.’s Bison natural gas pipeline linking the Rockies to the upper Midwest is eyeing a number of potential markets, following a review of the line’s safety by federal authorities, Todd Johnson, TransCanada director of markets in the West, told the LDC Forum: Rockies & West meeting Tuesday in Los Angeles.

A West Virginia man suing two energy companies in the Marcellus Shale wants his case returned to circuit court.

As the California legislature returned from its month-long recess Monday, the backers of a bill (AB 591) to mandate chemical disclosures on hydraulic fracturing (fracking) fluid held a press conference at the state Capitol in Sacramento, releasing the signatures of “roughly 50,000” voters supporting the measure.

NOVA returned its imbalance tolerance range to the normal -4/+4 after having tightened it to -2/+4 Wednesday.

Driven by the rise in oil prices and new technology, U.S. onshore drilling has returned to pre-recession levels, with the rig count nearing a 20-year high, according to researcher Headwaters Economics.