Spread

Screen Guidance, Cooling Load Boost Prices Again

With a 31.9-cent futures spike on Monday as support in addition to this week’s spread of power generation load due to higher temperatures, cash prices continued their run-up Tuesday.

May 24, 2006

Tests Show Coalbed Methane Potential in Nova Scotia

A quest to revive growth in Canadian natural gas supplies by tapping the nation’s vast coal seams has spread to the Atlantic region, where a Calgary-based specialist reports initial technical success with methane drilling.

March 7, 2006

Industry Brief

The New York Mercantile Exchange Inc. (Nymex) announced Tuesday that a record 10,000 natural gas calendar spread options contracts were traded on Dec. 15, surpassing the previous record of 6,600 contracts on Oct. 15, 2004. “This record is a further indication that the energy industry continues to see the exchange as a reliable source of risk management, liquidity, and price transparency,” said James E. Newsome, president of Nymex.

December 21, 2005

Some Points Slip Amid Overall Price Firmness

Cash prices again relied on the continuing spread of cold weather and prior-day screen support to keep the overall market moving upward Friday. However, unlike the solid advances recorded in the first two days of December aftermarket trading, several flat to lower points — primarily in the West — surfaced in quotes for weekend flows.

December 5, 2005

Northeast Dives Amid Mostly Moderate Firming

On a day in which most of the market moved moderately higher as cold weather began to spread its reach into the South and parts of the West, Northeast citygates recorded triple-digit plunges Thursday after two previous days of spiking as high as $25.50. Non-Northeast price movement was generally small in ranging from a couple of pennies down to about 15 cents higher, but a few scattered points saw gains from about 20 cents to a little over half a dollar.

January 28, 2005

Most of Market Sees Generally Moderate Losses

Although heating load was growing a bit Tuesday as colder temperatures spread farther south in the West and farther east into the Midwest and Midcontinent, prices were unable to sustain Monday’s big gains. Instead, the market fell at nearly all points Tuesday by mostly moderate amounts ranging from a couple of pennies to nearly 30 cents.

November 3, 2004

Most of Market Sees Generally Moderate Losses

Although heating load was growing a bit Tuesday as colder temperatures spread farther south in the West and farther east into the Midwest and Midcontinent, prices were unable to sustain Monday’s big gains. Instead, the market fell at nearly all points Tuesday by mostly moderate amounts ranging from a couple of pennies to nearly 30 cents.

November 3, 2004

Spark Spread, Power Price Outlook Tempers Constellation’s View on Asset Acquisitions

While Constellation Energy remains interested in scooping up generation assets in deregulated markets, the company’s cautious outlook on how quickly spark spreads and power prices will rebound in the U.S. is tempering enthusiasm for power plant acquisitions, E. Follin Smith, Constellation’s chief financial officer, said last Wednesday.

September 13, 2004

California Still Key Expansion Market for Rockies Gas

Even though natural gas-fired electric generation is being spread around the West more than ever, California remains a key market for the expected five-fold increase in daily Rocky Mountain supplies over the next five to seven years, a Houston-based consultant told an energy conference Thursday in Santa Fe, NM.

July 19, 2004

California Still Key Expansion Market for Rockies Gas

Even though natural gas-fired electric generation is being spread around the West more than ever, California remains a key market for the expected five-fold increase in daily Rocky Mountain supplies over the next five to seven years, a Houston-based consultant told an energy conference Thursday in Santa Fe, NM.

July 19, 2004