Prices Plummet; San Juan Down by A Quarter

Just as Wednesday was an unusual day in having East and Westmarkets rising in tandem, the two regions joined again Friday inmoving in the same direction-only this time the direction was down,way down. Decreases of less than a dime were few, and San JuanBasin plumbed depths not seen in a long time by falling a quarterto the $1.50 area. The Permian Basin and Waha plunged by 20 centsor more.

October 19, 1998

Market Returns to Softer East, Firmer West

Wednesday’s novelty of a homogenous market that had pricesrising in all regions failed to carry over into Thursday. Insteadtrading tendencies reverted to the previous pattern: generallysofter in the East and flat to a little higher at most Westernpoints. The biggest drops of about a dime occurred on theAppalachian pipes.

October 16, 1998

Rising Pipe, LDC Prices Will Hurt Gas Demand, NGSA Says

If pipeline and LDC rates continue their upward climb, the”inevitable result” will be a sharp decline in producers’ wellheadrevenues and a subsequent “significant loss” of natural gassupplies, an official of a major producer group said Monday.

June 23, 1998

Heat, Screen Light a Fire Under Cash Prices

Hot weather in the producing states of Louisiana and Texas,along with the futures screen’s rising example, set the tone forcash price hikes of 2-3 cents to almost a dime Monday. One tradersaid supplies seemed a bit tight in the Gulf Coast and Midcontinentfor some reason, allowing that it might have been southern coolingdemand soaking up available gas.

May 12, 1998

Price Upticks Recover Tuesday’s Lost Ground

Despite Tuesday’s overall price losses, the rising trend astrading progressed carried over into Wednesday and resulted inmoderate to strong rebounds. Increases mostly were in the range of5-10 cents and tended to cancel out the Tuesday declines.

April 16, 1998

A Few April Markets Rising After Weekend

Some traders saw little change in April post-weekend pricingMonday, but others reported small to moderate increases. Thatsurprised a few sources because of hearing talk last week that manybuyers planned to wait until Monday to make their purchases,expecting lower prices after futures had expired.

March 31, 1998
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