For the first time since it was forced to suspend issuing new units in early July, the United States Natural Gas fund (UNG) grew the number of limited partnership units it has outstanding Oct. 5 by issuing seven million more to its authorized purchasers (AP). The fund now has 354.4 million units outstanding, but unlike the prodigious growth in units UNG saw in the first half of the year, the fund will likely struggle to grow its share count by a significant amount in the months ahead.
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UNG Issues New Shares, But Does the Natural Gas Industry Care?
For the first time since it was forced to suspend issuing new units in early July, the United States Natural Gas fund (UNG) grew the number of limited partnership units it has outstanding on Monday by issuing seven million more to its authorized purchasers (AP). The fund now has 354.4 million units outstanding, but unlike the prodigious growth in units UNG saw in the first half of the year, the fund will likely struggle to grow its share count by a significant amount in the months ahead.
Regulators Suspend Operations of Two Marcellus Shale Producers
Pennsylvania regulators have ordered two companies exploring for natural gas in the emerging Marcellus Shale play to suspend a portion of their operations in northern Pennsylvania for violating the state’s Clean Streams Law.
Regulators Suspend Operations of Two Marcellus Shale Producers
Pennsylvania regulators have ordered two companies exploring for natural gas in the emerging Marcellus Shale play to suspend a portion of their operations in northern Pennsylvania for violating the state’s Clean Streams Law.
Wyoming Governor Wants Feds to Cancel Leases Near National Forest
Wyoming Gov. Dave Freudenthal has asked federal officials to suspend energy leases issued in the Wyoming Range and offer a refund to the producers that were planning to drill there.
Wyoming Governor Wants Leases Canceled Near National Forest
Wyoming Gov. Dave Freudenthal has asked federal officials to suspend energy leases issued in the Wyoming Range and offer a refund to the producers that were planning to drill there.
NAFTA Panel Calls for Probe of Mexico’s OK of Chevron LNG Project
The Secretariat of the Commission for Environmental Cooperation, a tri-national commission set up under the North American Free Trade Agreement (NAFTA), has denied a request by Mexico to suspend an investigation into whether the country violated its own laws when it approved a proposed liquefied natural gas (LNG) terminal next to a biodiversity hotspot on the U.S. border.
FERC Temporarily Halts Schedule on Calpine Contracts Issue at Request of CA
Responding to a motion from the California parties, FERC Thursday agreed to temporarily suspend its procedural schedule established in an interim guidance order it released last week. The federal regulatory process will wait for a ruling from a federal district court in New York City that has scheduled a hearing for Jan. 26 on the issue of Calpine Corp.’s bankruptcy court request to set aside eight of its power supply contracts because they are unprofitable for the Chapter 11-protected company.
Quoddy Bay Urges FERC to Proceed with Pre-Filing Review of Maine LNG Project
A bid to suspend the pre-filing review process for Quoddy Bay LLC’s proposed liquefied natural gas (LNG) terminal while the courts decide if the company has lawful access to a site at Split Rock, ME, should be rejected by FERC, Quoddy Bay’s attorney said Tuesday.
AmerenUE to Help Missouri Residents Cope with Winter Heating Costs
Natural gas utility AmerenUE, at the request of the Missouri governor and state officials, has agreed to waive all reconnection fees and suspend deposit requirements for customers receiving assistance through the Low-Income Home Energy Assistance Program (LIHEAP) or Missouri’s Utilicare program as part of an initiative to help residents cope with expected high heating costs this winter.