storage

Futures Break Below $6/MMBtu While Noncommercials Continue Net Short Position Exit

With the five-day-old bearish storage report still fresh in traders’ minds, March natural gas futures on Monday — aided by weak petroleum futures activity — continued to explore lower in search of support, seesawing on the psychological $6 level on numerous occasions during the session before finally settling below it.

February 8, 2005

Transportation Notes

Saying withdrawals from its Washington Ranch storage facility were at maximum levels, El Paso declared an Unauthorized Overpull Penalty situation Tuesday.

December 1, 2004

Transportation Notes

Saying withdrawals from its Washington Ranch storage facility were at maximum levels, El Paso declared an Unauthorized Overpull Penalty situation Tuesday.

December 1, 2004

FERC OKs Change in Function of Equitrans’ Facilities in PA and WVA

FERC on Wednesday gave Equitrans LP the green light to switch the function of certain jurisdictional natural gas transmission/storage facilities in Pennsylvania and West Virginia to non-jurisdictional gathering.

November 29, 2004

FERC OKs Change in Function of Equitrans’ Facilities in PA and WVA

FERC on Wednesday gave Equitrans LP the green light to switch the function of certain jurisdictional natural gas transmission/storage facilities in Pennsylvania and West Virginia to non-jurisdictional gathering.

November 29, 2004

Oneok Completes Purchase of General Partner Stake in Northern Border

Oneok said Wednesday that it completed its previously announced $175 million purchase of Northern Plains Natural Gas, which owns 82.5% of the general partner interest and 500,000 limited partnership units (representing a 2.73% ownership interest) in Northern Border Partners LP. Oneok will now operate an additional 2,300 miles of regulated interstate gas pipelines with 4.3 Bcf/d of natural gas throughout in the Midwest.

November 18, 2004

Oneok Completes Purchase of General Partner Stake in Northern Border

Oneok said Wednesday that it completed its previously announced $175 million purchase of Northern Plains Natural Gas, which owns 82.5% of the general partner interest and 500,000 limited partnership units (representing a 2.73% ownership interest) in Northern Border Partners LP. Oneok will now operate an additional 2,300 miles of regulated interstate gas pipelines with 4.3 Bcf/d of natural gas throughout in the Midwest.

November 18, 2004

Transportation Notes

Citing required maintenance at its storage facilities, MRT issued a systemwide System Protection Warning effective Wednesday until the beginning of Monday’s gas day. Under the warning, MRT will not allow long imbalance positions on a daily basis and is not accepting gas to eliminate existing due-pipeline imbalances.

November 3, 2004

Transportation Notes

Citing required maintenance at its storage facilities, MRT issued a systemwide System Protection Warning effective Wednesday until the beginning of Monday’s gas day. Under the warning, MRT will not allow long imbalance positions on a daily basis and is not accepting gas to eliminate existing due-pipeline imbalances.

November 3, 2004

Transportation Notes

El Paso Natural Gas declared an Unauthorized Overpull Penalty situation Monday. The Washington Ranch storage facility is currently on maximum withdrawal. The penalty applies to all customers. “You are urged to immediately review your supply/demand balance, and the performance of your suppliers, to ensure sufficient gas is being delivered to El Paso to cover the gas being taken off the system,” the company said. Customers are encouraged to use available capacity at Waha and receipt points downstream of Keystone Station, where maintenance is being performed through Sept. 17. El Paso is placing limits on scheduled volumes at interconnects that are under performing.

September 14, 2004