In its first regular session action as the prompt-month contract, July natural gas futures sank like a rock following news from the Energy Information Administration (EIA) that 87 Bcf was injected into underground natural gas storage for the week ended May 23. The contract recorded a low of $11.466 before closing out Thursday’s regular session at $11.474, down 52.1 cents from Wednesday’s close.
Rock
Articles from Rock
Cheyenne Plains Pipeline Faces Tough Choice Following Fire
In the wake of the Sept. 16 fire at the Cheyenne Plains Compressor Station, Cheyenne Plains Gas Pipeline said it has found itself between a rock and a hard place as it attempts to “satisfy competing and currently incompatible goals.”
September 24, 2007
Chesapeake Gets OK for Takeoff From DFW
Rock icon Meat Loaf might have sang, “You’ll never drill for oil on a city street,” but that’s not stopping Chesapeake Energy Corp. from attempting to tap natural gas below the Dallas-Ft. Worth International Airport (DFW).
August 4, 2006
Transportation Notes
CIG has taken one unit at Table Rock (WY) Compressor Station out of service through June 23, reducing station capacity from 30 MMcf/d to 8 MMcf/d.
June 8, 2006
Transportation Notes
El Paso Natural Gas reported that its Window Rock 6B maintenance will extend through Monday. Flagstaff maintenance will be shortened to one day only and occurred Monday. The capacity of the North Mainline was reduced by 30 MMcf/d over the weekend, by 123 MMcf/d Monday and will be reduced by 14 MMcf/d Tuesday through Thursday. The Bowie Station will be down for generator maintenance through Tuesday, reducing the capacity of the South Mainline system by 50 MMcf/d.
October 14, 2003
Transportation Notes
El Paso’s White Rock Station will be down for controls replacement April 9-27, with the #1 turbine remaining down through April 29. Bondad Station will be down for annual Department of Transportation inspections April 16. The work will cut San Juan Basin capacity by 270 MMcf/d April 9-27 and by 105 MMcf/d April 28-29. Bondad capacity will be reduced by 585 MMcf/d on April 16.
March 31, 2003
NRG Confirms Default; Subsidiary’s Credit Rating Cut to ‘D’ by S&P
Xcel subsidiary NRG Energy provided further evidence last week that it’s between a financial rock and a hard place. The company said that it did not make $78.3 million in payments due Dec. 15 on its NRG Northeast Generating LLC bond series. Meanwhile, financial settlement negotiations among NRG, its parent company Xcel and its lenders and bondholders are expected to continue.
December 23, 2002
AGL Subsidiary Terminates Enron Asset Management Deal
Following word of the failed Enron Corp./Dynegy merger, fallout continues to rock the nation in more ways than one might expect. AGL Resources Inc. reported that Sequent Energy Management, its asset optimization subsidiary with a large portfolio of assets under management in the Southeast, has reached an agreement with Enron for early termination of an asset management contract related to Virginia Natural Gas (VNG), also a wholly owned subsidiary of AGL Resources.
December 3, 2001
Transportation Notes
El Paso revised its schedule for North Mainline capacity reductions caused by continuing outages of Window Rock Station’s 5A and 6B units along with work on Line 1200 between Williams and Seligman Stations, Navajo Station inspections ordered by the federal Department of Transportation, and Leupp C and D Station modifications. The new dates and volume cuts (in MMcf/d) through the rest of this month are: Sept. 18-19, 150; Sept. 20, 300; Sept. 21-23, 55; Sept. 24-25, 65; Sept. 26-27, 170; and Sept. 28-30, 155. El Paso also postponed Line 1300 pigging between the Roswell and Caprock stations until Sept. 25-28, when San Juan Crossover capacity will be reduced by 50 MMcf/d.
September 18, 2001
Transportation Note
El Paso’s delivery meter to Transwestern at the Window RockStation (Apache County, AZ) will be shut in July 24-25 forequipment upgrade
July 17, 2000
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