Spread

Minneapolis-based Xcel Energy’s network of 3.5 million electric and 2 million natural gas utility customers spread over eight western and Midwest states will not need any new baseload generation plants or new gas infrastructure during the next seven to nine years, CEO Dick Kelly told Xcel’s annual shareholders meeting Wednesday in Denver.

Quicksilver Resources Inc., whose natural gas portfolio is spread across North America, said Monday it would reduce its 2010 capital program “to reflect reduced planned drilling and completion activities” in the Barnett Shale.

Delay has spread into drilling from notoriously slow pipeline regulation in the Canadian Arctic, holding up long-range exploration and production (E&P) development planning.

Shale gas development is poised to spread into Alberta on a large scale after producers paid C$365 million (US$343 million) for a new target zone north of the provincial capital of Edmonton.

Shale gas development is poised to spread into Alberta on a large scale after producers paid C$365 million (US$343 million) for a new target zone north of the provincial capital of Edmonton.

Natural gas producers in Canada have no shortage of fresh, large drilling targets as exploration campaigns quietly spread out on a new eastern industry frontier, says a new report by the Geological Survey of Canada (GSC).

Natural gas producers have no shortage of fresh, large drilling targets as exploration campaigns quietly spread out on a new eastern industry frontier, says a new report by the Geological Survey of Canada (GSC).

Most of the market continued to climb Thursday as cold and snowy conditions were forecast to spread in the north-central section of the U.S. Cash numbers also had a smidgen of support from a screen gain of 3 cents a day earlier.

Add two more industrial end-users to the list of companies passing high energy commodity prices on to customers in the form of surcharges. Kaiser Aluminum and packaging company Sonoco both said last week that they can no longer bear higher energy costs on their own.