A small loss by intrastate OGT and flat quotes at several points averted a third straight day of across-the-board upticks Thursday. Cooling trends throughout most of the eastern United States easily outweighed mostly moderate conditions in much of the West in sustaining further gains at most points. A prior-day screen loss had little effect on general cash market firmness Thursday but may have more impact Friday.
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Arizona Regulators OK Gas Customer Credits
A medium-size natural gas utility and a small propane distributor received approval from the Arizona Corporation Commission (ACC) Tuesday to implement separate purchased gas adjustor (PGA) credits for their customers. UniSource Energy Corp.’s UNS Gas utility and Semstream Propane will be allowed to adjust rates depending on the swings in the wholesale costs of their respective fuels.
October 22, 2009
Despite Weak Influences, Small Gains Dominant
It was difficult to discern where the support was coming from, but most points were still rising by small amounts Tuesday. Cooling load was fairly light outside the desert Southwest and much of California, and the 20.2-cent drop Monday by October futures certainly didn’t suggest any rationale for further cash increases.
September 23, 2009
Minor Softness Remains in Most of Market
Prices continued to sink at a large majority of points Tuesday, but mostly by small amounts, as overall weather fundamentals and prior-day futures guidance stayed weak for the cash market. The impending scarcity of storage injection options was another bearish influence.
September 2, 2009
Many Energy Execs Report ‘Less Severe Impact’ in Downturn
The global recession has impacted many small and mid-size natural gas and oil companies, but larger well capitalized companies “are busy preparing for the upturn,” according to a survey published earlier this month by Ernst & Young.
August 31, 2009
Denali Pipe Project Delays FERC Application
The proposed Denali Alaska North Slope natural gas pipeline took a small step backwards this month after it informed FERC that it is delaying its application for a certificate of public convenience and necessity (CPCN) with the regulatory body for more than a year.
August 24, 2009
Many Energy Execs Report ‘Less Severe Impact’ in Downturn
The global recession has impacted many small and mid-size natural gas and oil companies, but larger well capitalized companies “are busy preparing for the upturn,” according to a survey published Monday by Ernst & Young.
August 18, 2009
Low Costs, Better Technology Boost Some Producers’ Output
The story related time and again by natural gas producers in their 2Q2009 earnings presentations has been the same at both large and small natural gas-weighted independents: lower costs and hedging cushioned the impact of low prices, but better technology continues to boost output.
August 10, 2009
Low Costs, Better Technology Boost Some Producers’ Output
The story related time and again by natural gas producers in their 2Q2009 earnings presentations has been the same at both large and small natural gas-weighted independents: lower costs and hedging cushioned the impact of low prices, but better technology continues to boost output.
August 10, 2009
Seventy-Five Bcf Storage Build, Crude Uptick Help Natgas Inch Higher
A “supportive” 75 Bcf natural gas storage build teamed with a small uptick in crude futures values to halt the August natural gas futures down-day streak at seven as the contract picked up 5.5 cents Thursday to close at $3.408.
July 10, 2009
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