Setting

The Pennsylvania House of Representatives voted unanimously against House Bill 1950 on Tuesday, its last day in session for the year, setting the stage for ongoing debates about the matter when lawmakers return from their recess in January.

January natural gas tumbled 6.3 cents Monday, as traders look for some semblance of price support amid an unfavorable technical and fundamental setting. At the close January had fallen 6.3 cents to $3.254 and February had retreated 5.9 cents to $3.294. January crude oil dropped $1.64 to $97.77/bbl.

The House and Senate have reached a hard-fought agreement on pipeline safety legislation (HR 2845), setting the stage for Congress to pass the bill before it adjourns for the year, the leaders of the House Transportation and Infrastructure committee said Thursday.

TransCanada Corp. is setting up its battered Mainline for more falls by proposing to freeze tolls at current high levels through 2012, say shippers on the eastern consumer end of the natural gas conduit from Alberta to Ontario, Quebec and the United States.

TransCanada Corp. is setting up its battered Mainline for more falls by proposing to freeze tolls at current high levels through 2012, say shippers on the eastern consumer end of the natural gas conduit from Alberta to Ontario, Quebec and the United States.

Southern California Gas declared a high-linepack OFO for Saturday, setting a 10% tolerance for positive daily imbalances on deliveries into its system.

In mid-October North Dakota likely exceeded last year’s record-setting oil and gas production, according to state and industry officials who were quoted in a pre-Thanksgiving report out of Bismarck, ND, by the Associated Press. Separately, other local news reports Sunday depicted state officials as worried about proposed federal rules for hydraulic fracturing (fracking), but they told NGI’s Shale Daily the reports were exaggerated.

Although influences such as weather forecasts and record-setting storage inventories were on the weak side, only a couple of points (OGT in the Midcontinent and NOVA Inventory Transfer in Western Canada) were lower Tuesday.

California’s air regulators earlier in October set the final rules for a precedent-setting cap-and-trade program called for in the state’s 2006 climate change law (AB 32). The rules hold major long-term implications for energy operators, particularly natural gas-fired electric generation plants.