End-of-month convergence wasn’t very effective as mostlate-February swing prices earlier this week were appreciablystronger than March indexes. However, except for dropoffs at a fewscattered points, first-of-March convergence with indexes wasfairly tidy. Cold weather spreading into the South was largelyresponsible for initial March aftermarket prices to gain anywherefrom about a nickel to 20 cents over last-of-February numbers.
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PG&E Northwest Starts Open Season
With its system running full through most of last year, PG&EGas Transmission Northwest (GTN) doesn’t need to read the tealeaves to determine it’s time to expand. The pipeline announced anopen season beginning yesterday for a 200 MMcf/d capacityexpansion.
CA’s Davis Calls for Gas Price Probe; Lawsuits Filed
Mirroring similar action he took last summer in the face ofskyrocketing wholesale power prices, California Gov. Gray Davis onFriday asked his state attorney general to investigate the recentsevere spike in wholesale natural gas prices at the Californiaborder, where prices are among the highest in the nation. In aseparate action, two class action lawsuits were filed Monday inCalifornia Superior Court, alleging that gas and electricity pricespikes are the result of a four-year-old “conspiracy” by SouthernCalifornia Gas, San Diego Gas and Electric and El Paso Natural Gas.(see separate story)
AGA, Producers Dispute ‘Title’ Rule
Before the Federal Energy Regulatory Commission starts thinkingabout the next generation of natural gas transportation rules, itshould pay attention to how its latest Order 637 rules areenforced, Indicated Producers said in comments submitted to theCommission this week.
Dynegy Starts Up 800 MW Plant in NC
Dynegy Inc. has started full-scale operations at the RockinghamPower Plant, a simple-cycle generating facility in RockinghamCounty, NC. The 800 MW plant, developed in just 12 months, is thethird generation facility Dynegy has put on line this summer.
Dynegy Starts Up 800 MW Plant in NC
Dynegy Inc. has started full-scale operations at the RockinghamPower Plant, a simple-cycle generating facility in RockinghamCounty, NC. The 800 MW plant, developed in just 12 months, is thethird generation facility Dynegy has put on line this summer.
ExxonMobil Starts Deepwater Production
Having set the world’s water-depth record for a combineddrilling and production platform, Exxon Mobil Corp.’s Hoover andDiana fields now are averaging 140 MMcf of gas and 18,000 barrelsof oil per day from five wells, and contain estimated recoverableresources that exceed 300 million oil-equivalent barrels.
Aftermarket Starts With Prices Below Indexes
Swing quotes for the first five days of July saw little changefrom end-of-June numbers in most cases and were stronger at somepoints. However, the July aftermarket did begin at levels downconsiderably from indexes.
Open Season Starts for Lake Michigan Pipe
Whitecap Energy System, a venture by Coastal Corp. and PeoplesEnergy, has begun an open season to determine customer interest inan underwater line along the western shore of Lake Michigan, fromIndiana and Illinois into southeastern Wisconsin.
Mitchell Energy Starts Infill Program
Encouraged by an initial production of nearly 4 MMcf/d — froma well which three months later is still going strong at more than3 MMcf/d – Mitchell Energy & Development has started up afull-fledged infill drilling program at its East Texas NorthPersonville field.