As trading for next month picked up some momentum Wednesday, theMay market appeared to be developing with less volatility than inprevious bidweeks this year. One marketer reported Chicago citygatedeals Wednesday in the exact same $2.36-39 range as he had tradedTuesday. Many other points also were reported to be staying closeto their starting levels. However, a couple of sources reportedSouthern California border numbers falling slightly to $2.22-24from the mid-$2.20s., while a marketer said Sumas was recovering tothe mid $1.90s after having dipped slightly Tuesday.
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Independents See the Light at Tunnel’s End
Some major U.S. independent producers absorbed major blows tothe bottom line in the first quarter of 1999, but CEOs from thecompanies insist higher profits are right around the corner.
Independents See the Light at Tunnel’s End
Some major U.S. independent producers absorbed major blows tothe bottom line in the first quarter of 1999, but CEOs from thecompanies insist higher profits are right around the corner.
Viking Gas Expansion Gets Nod at FERC
Viking Gas Transmission got some good news last week when FERCapproved a looping expansion of its system that will make itpossible for existing customers between the northern Minnesotaborder and West-Central Wisconsin to receive up to 28,000 Dth/d ofadditional gas supplies by the end of the year.
Viking Gas Expansion Gets Green Light
Viking Gas Transmission got some good news Wednesday as FERCapproved a looping expansion of its system that will make itpossible for existing customers between the northern Minnesotaborder and West-Central Wisconsin to receive up to 28,000 Dth/d ofadditional gas supplies by the end of the year.
Alliance: Lack of Takeaway Capacity Not a Problem
Some speculated Alliance Pipeline might be hurt by FERC’s movenot to issue preliminary determinations (PDs) to the four projectsthat would provide takeaway capacity for Canadian gas from Chicagoto East Coast markets. But Alliance officials last week quicklydismissed that notion.
Hoecker Gives Counsel to NOPR, NOI Negotiators
In an unusual step last week, FERC Chairman James Hoeckeroffered some advice to the industry negotiators who have beenmeeting in closed-door sessions to craft an agreement on the majornatural gas initiatives contained in the notice of proposedrulemaking (NOPR) and notice of inquiry (NOI).
Hoecker Gives Counsel on NOPR, NOI Negotiations
In an unusual step last week, FERC Chairman James Hoeckeroffered some advice to the industry negotiators who have beenmeeting in closed-door sessions to craft an agreement on the majornatural gas initiatives contained in the notice of proposedrulemaking (NOPR) and notice of inquiry (NOI).
Have You Heard This Before? Cash Prices Flat
Some traders were groaning with dismay Wednesday at the prospectof the March market being one of nearly all sideways pricemovement, much like the February one preceding it. All it takes isa look at the multitude of zeroes and ones in the change column ofDaily GPI’s price table today to understand where they might havegotten such an idea.
Coastal CEO: Gas Is The Future
Think anything but gas is the way to go for the energyindustry’s future? Forget about it. Gas is where it’s at and whereit will continue to be for some time, Coastal CEO David Arledgetold a room full of producers in Houston at the Texas IndependentProducers & Royalty Owners Association’s (TIPRO) luncheon lastweek.