Natural gas prices will go down by about 3% in June for Xcel Energy’s smaller customers in Colorado based on decreases in the commodity cost of gas, the company proposed in a filing with the Colorado Public Utilities Commission Wednesday. If approved, the price for residential and small business customers will decrease to $0.6188 per therm ($6.19/MMBtu) from $0.6409 per therm ($6.41/MMBtu) this month. The June price is based on the published May indexes, plus or minus charges to true up the prices paid by consumers the previous month with the actual commodity costs incurred. The commodity cost is a straight pass-through. Customers are billed separately for distribution services. An Xcel spokesman said the price is based on three indexes, plus the true-up. NGI’s CIG index for the May bidweek was down 3% at $6.10 from April’s $6.29/MMBtu.
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Price Slide Continues, But at Slower Rate
Prices kept getting softer for the most part Thursday, but the declines were considerably smaller than those of the day before and an occasional flat point worked its way into the mix. Most drops were in single digits as they ranged from a couple of pennies to 15 cents or so.
Sub-$7 Settle Brings Bears Out of Hibernation
The natural gas futures market continued lower Monday as sellers continued to apply pressure to a market weakened by last Thursday’s smaller-than-expected, 89 Bcf storage withdrawal. Though the selling was not especially well organized, it was effective and produced a fractionally sub-$7 settlement for the prompt contract on its penultimate trading session. April, which expires at 2:30 p.m. ET Tuesday, closed Monday at $6.999, down 6.3 cents on the day.
Prices Mostly Up; Groundhog: 6 More Weeks of Winter
Prices continued to rise at a majority of points Wednesday, but in nearly all cases the gains were smaller than the day before, with few reaching double digits. Flat to slightly lower quotes at some points in several areas kept the cash market from a solid bull run.
Lehman Brothers Predicts Canadian Gas Exports Will Rise 2.5% in ’04
High natural gas prices have allowed Canadian producers to drill smaller prospects and to target unconventional resources that used to be considered uneconomic, resulting in a reversal of the production declines last year. Analyst Thomas Driscoll of Lehman Brothers is predicting a 1.5% increase in Canadian natural gas production this year, “a vast improvement from the decline of nearly 3.5% experienced in 2003.”
Lehman Brothers Predicts Canadian Gas Exports Will Rise 2.5% in ’04
High natural gas prices have allowed Canadian producers to drill smaller prospects and to target unconventional resources that used to be considered uneconomic, resulting in a reversal of the production declines last year. Analyst Thomas Driscoll of Lehman Brothers is predicting a 1.5% increase in Canadian natural gas production this year, “a vast improvement from the decline of nearly 3.5% experienced in 2003.”
Lehman Brothers Predicts Canadian Gas Exports Will Rise 2.5% in ’04
High natural gas prices have allowed Canadian producers to drill smaller prospects and to target unconventional resources that used to be considered uneconomic, resulting in a reversal of the production declines last year. Analyst Thomas Driscoll of Lehman Brothers is predicting a 1.5% increase in Canadian natural gas production this year, “a vast improvement from the decline of nearly 3.5% experienced in 2003.”
Cash Makes Small Gains; Some Forwards Weaken
Cash prices were up across the board Monday but posted small gains of generally less than a dime in the Gulf Coast and Midcontinent producing areas with larger increases in the market areas. Western locations posted gains of about 10-12 cents on average.
Cash Makes Small Gains; Some Forwards Weaken
Cash prices were up across the board Monday but posted small gains of generally less than a dime in the Gulf Coast and Midcontinent producing areas with larger increases in the market areas. Western locations posted gains of about 10-12 cents on average.
Southern Union Credits Panhandle for Improved Results; Prepares for Enron Asset Auction
Southern Union Co. last Monday reported a smaller net loss for the fourth quarter compared to the year-earlier period due to the successful integration of Panhandle Energy, which it acquired for $1.8 billion in mid-2003.
