Revision

The brouhaha that developed following the reserve revisions by El Paso Corp. and Royal Dutch/Shell Group has turned into a “long overdue” discussion about producers’ oil and natural gas reserves, the CEO of Anadarko Petroleum Corp. said last week.

The brouhaha that developed following the reserve revisions by El Paso Corp. and Royal Dutch/Shell Group has turned into a “long overdue” discussion about producers’ oil and natural gas reserves, the CEO of Anadarko Petroleum Corp. said Monday.

Getting significant boosts from both the screen and further revision in thinking about how cold this week’s weather will be, prices were in major rebound mode Monday. Double-digit gains were recorded across the board, with several points in both the East and West seeing upticks in the vicinity of 40 cents.

As NGI sources had predicted, the bearish revision of storage data Thursday and the screen’s negative response had their cash impact Friday. Weekend prices sank in double-digit amounts at all points, with most declines measured at about a quarter or more.

Columbia Gas of Virginia’s proposed revision of its Rate Schedule TS-1 and TS-2 would negatively affect the way gas is transported, while harming competition within the state, according to concerned customers in a hearing earlier in the month. The hearing on Sept. 3 in front of the Virginia State Corporation Commission (VSCC) found “unanimous opposition” from 15 Columbia customers, according to Compass Energy Services Inc., a marketer affected by Columbia’s action.

Columbia Gas of Virginia’s proposed revision of its Rate Schedule TS-1 and TS-2 would negatively affect the way gas is transported, while harming competition within the state, according to concerned customers in a hearing last week. The hearing held Sept. 3 before the Virginia State Corporation Commission (VSCC) found “unanimous opposition” from 15 Columbia customers, according to Compass Energy Services Inc., a marketer affected by Columbia’s action.

FERC last week rejected Koch Gateway Pipeline’s proposed tariffrevision that would have required its shippers to obtain itsapproval before nominating out of balance. Koch sought the changeto remedy imbalances on its system, but the Commission said itcouldn’t approve it “absent clear evidence” of “real operationalproblems.”

FERC last week rejected Koch Gateway Pipeline’s proposed tariffrevision that would have required its shippers to obtain itsapproval before nominating out of balance. Koch sought the changeto remedy imbalances on its system, but the Commission said itcouldn’t approve it “absent clear evidence” of “real operationalproblems.”