An administrative law judge at the Oklahoma Corporation Commission last week found Oneok and two of its subsidiaries, Oklahoma Energy Marketing and Trading and Oneok Gas Storage, in contempt for their refusal to provide documentation of their gas sales. The judge recommended to the commission that the companies be fined $2,000 per day retroactive to May 8 and lasting until they comply with the commission order.
Articles from storage
Northwest plans to allocate interruptible injections into the Jackson Prairie storage facility as needed over the holiday weekend, saying expected warm weather in the Pacific Northwest could cause injection nominations to exceed Jackson Prairie capacity. Northwest anticipates that the facility’s total capacity may be needed to meet SGS-2F requests and the pipeline’s own balancing requirements.
Union Gas Ltd. is taking bids through 1 p.m. ET Thursday on between 1 and 2 Bcf of Peak Storage service at its Dawn market hub. Capacity awards will be made within half an hour later, and injections may begin Friday. Winter 2001-02 withdrawals will be on an interruptible basis. Call Mike Morrison at (519) 436-5352 for more information.
El Paso reported Friday its system integrity was threatened byhigh linepack and it was making maximum injections at theWashington Ranch storage facility. The pipeline said it had imposedcustody limits at delivery points that are not taking scheduledquantities, and if necessary will limit overdeliveries at receiptpoints.
In response to recent mild temperatures and tame storagewithdrawals, natural gas spot prices are expected to fall further,possibly as low as $5.50/MMBtu by the next reported index,according to analysts with UBS Warburg. The level is far below the$7.00 mark the firm predicted in January.
Generally the cash market failed to find any support from eitherAGA’s big storage withdrawal report Wednesday afternoon or thescreen’s strong push upwards Thursday. With the exception ofupticks at a few scattered points, cash numbers ranged from flat todown nearly a dollar at Transco Zone 6 (NYC). Most of the declineswere between about a nickel and 30 cents.