Half-Day Conference Slated for Independence, MarketLink

FERC announced yesterday it wants to hold a half-day publicconference Sept. 29 to address the “steady flow” of Congressionalinquiries into the Independence and MarketLink pipeline projects.The conference will be used to gather “supplemental information” onthe projects, but the Commission said it does not intend to reopenthe record on them.

September 16, 1999

Futures Tumble Before, After AGA Data

Without any impetus to break in either direction, natural gasfutures continued to subsist on a steady diet of range-boundtrading yesterday at the New York Mercantile Exchange. But incontrast to Tuesday’s session, which featured the market closingnear its high trade for the day, Wednesday’s session was dominatedby selling that ushered the prompt August contract down 3 cents to$2.146. Estimated volume was light, with only 44,985 contractschanging hands.

July 15, 1999

May Futures Make a Brief Visit Above $2.00

For the second day in a row, the futures market raced off to afast start as steady buying bolstered prices to their highest marksince December. But in contrast to Tuesday’s price action, whichfeatured the May contract finishing near its daily high,Wednesday’s rally ran into heavy overhead selling that trimmedthose gains into the close. May finished up 3.5 cents to $2.013,after notching a $2.07 high.

April 1, 1999

Vastar Sets Reserve Record, Steady Budget

Vastar Resources replaced 215% of its 1998 production with newreserves, its highest-ever reserve replacement rate. Provedreserves additions totaled 1,052 Bcfe, or 1,023 Bcfe inclusive ofdivestitures. Year-end total reserves were a record 3,700 Bcfe, up17% over the year-end 1997 base. Average reserve replacement costs,including acquisitions, were $1.11/Mcfe.

January 20, 1999

Futures Tacks on Gains Ahead of Weekend

The futures market continued its rally on Friday, fed on asteady diet of short-covering and local buying ahead of the holidayweekend. Early gains posted by the October contract led to a quickspike to the $1.86 level before light position squaring trimmedadvances before the closing bell. That left the prompt contract upa respectable 7.1 cents to settle at $1.783. October was not alone,November and December each more than matched October’s gains,increasing 7.6 cents and 7.3 cents, respectively.

September 8, 1998

TransCanada Files 1999 Capacity Additions

TransCanada PipeLines will be continuing its steady pace ofexpansions with a $984 million construction program in 1999 to add275 MMcf/d in delivery capacity to eastern Canada and the U.S.Midwest and Northeast.

April 30, 1998
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