Seemed

It’s Lights Out for Songs Nuclear Plant in Southern California

What has seemed inevitable for most of this year happened Friday with the announcement by Southern California Edison Co. (SCE) that it plans to retire its trouble-riddled San Onofre Nuclear Generating Station (Songs) along the Southern California coast. Utility and state energy officials increasingly have been planning for the loss of the region’s major baseload power source for some time (see NGI, June 3).

June 17, 2013

It’s Lights Out for Songs Nuclear Plant in Southern California

What has seemed inevitable for most of this year happened Friday with the announcement by Southern California Edison Co. (SCE) that it plans to retire its trouble-riddled San Onofre Nuclear Generating Station (Songs) along the Southern California coast. Utility and state energy officials increasingly have been planning for the loss of the region’s major baseload power source for some time (see Daily GPI, May 29).

June 10, 2013

North Dakota Official Says USGS Williston Assessment ‘Conservative’

The U.S. Geologic Survey’s (USGS) assessment of the Williston Basin’s Bakken Shale and Three Forks formation in North Dakota, Montana and South Dakota, which combined was estimated at 7.4 billion bbl of technically recoverable oil, is “very conservative,” according to North Dakota’s chief oil and gas regulator.

May 17, 2013

Cash Flat to Lower; Futures Traders in Position Ahead of EIA Report

The physical natural gas market on average moved a penny lower Wednesday, as buyers seemed content with mild weather to rely mostly on baseload volumes. Points in and around the Great Lakes were up by a couple of pennies and around the Gulf, prices held within a 2-cent range of unchanged. Rockies points were mostly unchanged as well. Futures gained on light volume as players positioned themselves ahead of Thursday’s Energy Information Administration (EIA) storage report. At the close of trading, June futures had risen 5.8 cents to $3.978 and July closed 5.6 cents higher at $4.030. June crude oil gained $1.00 to $96.62/bbl.

May 9, 2013

eCorp, New York Landowners Group Scrap Drilling Agreement

eCorp International LLC and a property owners organization in New York have decided to scrap a “complex” plan to create a company indirectly owned by the landowners and will return to the drawing board, delaying the possibility of bringing waterless hydraulic fracturing (fracking) to the Empire State.

May 4, 2012

Odds Looked Slim, But Prices Up at Nearly All Points

The odds seemed stacked against a cash price rally following Friday’s November futures decline of 11.7 cents and mild to cool temperatures continuing to dominate the overall post-weekend weather forecasts. But somehow the market managed to pull it off, although the restoration of industrial demand from its usual weekend dropoff was only a marginal bullish factor.

October 11, 2011

Rally Fades With Losses at Nearly All Points

Arrival of some heating load fails to offset recognition of generally weak weather fundamentals.

September 29, 2011

California County Backs Off Fracking Ban

California’s Santa Barbara County Board of Supervisors decided Tuesday night to hold off on a ban of hydraulic fracturing (fracking) and instead add well permitting requirements to require individual approvals by the county’s planning and development department.

September 26, 2011

Hefty Expected Inventory Pull No Help for Bulls; May Falls Again

May natural gas futures continued their slide as traders reported no interest by commercial players and seemed resigned to the ongoing slump. Expectations are for a withdrawal in Thursday’s inventory report, but that is seen as little help to the bullish cause. At the end of the day May had retreated another 8.5 cents to $4.146 and June had given up 8.4 cents to $4.220. May crude oil continued its run higher, adding 49 cents to $108.83/bbl.

April 7, 2011

Losses Rise as Cool to Mild Weather Dominates

Following a week in which weather across Canada and much of the northern U.S. seemed more appropriate for winter than the still-young spring season — keeping spot prices mostly flat or firmer — just a few areas of significant heating load remained Monday. The upshot was falling prices at most points.

April 5, 2011
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