A slim FERC majority Thursday voted out four stipulation and consent agreements, requiring marketers and other energy firms to pay more than $8 million in civil penalties and disgorge approximately $4 million in unjust profits for allegedly engaging in fraudulent open-season bidding for natural gas transportation capacity on the Cheyenne Plains Natural Gas Co. pipeline. The agency also, in sharply divided decisions, issued two orders to show cause resulting from an 18-month investigation into the allegedly illegal activity.
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Articles from Slim
NatGas Adds a Few Pennies While Crude Drops a Couple of Bucks
Natural gas futures activity on Tuesday was muted as the November contract traded within a slim 20-cent range between $6.837 and $6.643 before closing the regular session at $6.727, up 3.9 cents from Monday’s finish.
October 15, 2008
Bulls Remain in Charge as Futures Pushed Near $11 Again
Despite trading within a slim 10-cent range, May natural gas futures on Friday knocked on the $11 door for a second consecutive session, only to be rebuffed once again. The prompt-month contract traded between $10.875 and $10.970 before closing out the day at $10.963, up 17.3 cents from Thursday and 37.6 cents higher than the previous week’s finish.
April 28, 2008
Opponents Protest Pemex Reform, Barricade Legislature
The likelihood that Mexico will open its oil and natural gas sector to more outside investment appeared slim to none Monday after some of the country’s lawmakers reportedly barricaded the podium in the lower house of Congress to protest the reform proposals.
April 15, 2008
Futures Shed Pennies, But Traders Hotly Debate $10/MMBtu Level
Pausing to take stock of Thursday’s meteoric rise in April natural gas futures, tuckered-out traders on Friday traded in a slim $9.320 to $9.405 range before pushing the contract to close at $9.366, down 7.7 cents from Thursday’s close but 17.3 cents higher than the previous Friday’s finish.
March 3, 2008
Futures Stand Pat as Traders Digest Winter Fuels Outlook
The natural gas futures market was at an impasse Tuesday as traction in either direction appeared hard to come by. After trading a slim $6.810 to $6.950 range, the November contract finished Tuesday’s regular session at $6.863, up 1.7 cents from Monday’s close.
October 10, 2007
Directionless Futures Market Results in a Quiet 7-Cent Range
Resting and regrouping appeared to be the themes Wednesday as June natural gas traded a slim 7-cent range before closing out the day at $7.730, up 1.2 cents from Tuesday’s close.
May 3, 2007
Futures Close Lower; Traders Discuss Thursday’s Errant Trade
Trading a slim 12-cent range on Friday, May natural gas futures ended up dropping 11.1 cents to close at $7.381, which is 42 cents lower than the previous Friday’s close. With a number of market experts still calling futures range-bound, much of the banter Friday was on the “errant” trade Thursday during the storage report’s release.
April 23, 2007
Futures Slide; Traders Eye Potentially Record-Setting Storage Pull
May natural gas futures traded within a slim range for the second consecutive session on Friday before closing at $7.801, down 12.3 cents on the day but 19.4 cents higher than the previous week’s close on Thursday April 5.
April 16, 2007
Futures Trade in Dime Range Monday Before Settling 1.5 Cents Lower
Starting off the week with more of a whimper than a bang, natural gas futures traders pushed the April contract within a slim 10-cent range between $7.200 and $7.3000 before the contract closed out the regular trading session at $7.254, down 1.5 cents from Friday’s close. May natural gas dropped 2.3 cents to finish at $7.383.
March 27, 2007
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