Sources

As NGI sources had suspected the day before, the cash market couldn’t keep rising indefinitely without visible means of support. Sure enough, eastern prices finally reacted Thursday to the one-two punch of weakening futures and only a modicum of weather-related demand by registering declines that were mostly in the vicinity of a dime but ranged from about a nickel to a little more than 20 cents.

In another trading day characterized as quiet by sources, cash numbers were about flat to nearly 30 cents higher Monday. However, only CIG achieved the approximate 30-cent increase; other gains were capped at around a dime, and a majority of points were up by about a nickel or less.

There still are new sources of natural gas in Texas according to emerging oil and gas company, Micron Enviro Systems (MSEV). The company announced that the Z2 well on the Green Ranch Prospect located in Stephens County has been successfully tested and appears to be a “major new gas formation” discovery.

There still are new sources of natural gas in Texas according to emerging oil and gas company, Micron Enviro Systems (MSEV). The company announced Monday that the Z2 well on the Green Ranch Prospect located in Stephens County has been successfully tested and appears to be a “major new gas formation” discovery.

A solid majority of close to 100 energy leaders meeting behind closed doors in Houston Monday endorsed the proposition that a competing mixture of financial, journalistic and academic institutions and FERC should collect energy price data, while Commission Chairman Pat Wood, acknowledged that current price indexes appear to function well.

A solid majority of close to 100 energy leaders meeting behind closed doors in Houston Monday endorsed the proposition that a competing mixture of financial, journalistic and academic institutions and FERC should collect energy price data, while Commission Chairman Pat Wood, acknowledged that current price indexes appear to function well.

Buoyed by a flow date that several sources expect to be the coldest yet in the East this winter, an approaching return of severe weather in the South, and a strong screen rebound, cash prices recorded across-the-board increases Wednesday.

The Midwest — a region that was said to be “very dependent” on outside sources for natural gas — got a clean bill of health last Wednesday from FERC staff, who concluded in a report that “adequate pipeline and storage capacity” exists to meet the gas needs of the regional market.

The Midwest — a region that was said to be “very dependent” on outside sources for natural gas — got a clean bill of health Wednesday from FERC staff, who concluded in a report that “adequate pipeline and storage capacity” existed to meet the gas needs of the regional market.