The physical gas market overall on average Thursday was unchanged, but once the wide-swinging Northeast pipes that include Algonquin, Iroquois and portions of Tennessee are factored in, the picture changes to a loss of 21 cents. Most cash trades were completed before the 10:30 a.m EST release of storage data by the Energy Information Administration (EIA), but the 157 Bcf withdrawal was less than the market was expecting, and futures slumped. At the close March had dropped 14.3 cents to $3.163 and April was off 14.0 cents to $3.231. March crude oil fell 30 cents to $97.31/bbl.
Swinging
Articles from Swinging
Cabot Disputes Marcellus Water Samples
Cabot Oil & Gas Corp. officials last week came out swinging against “facts and inferences made in wire and published reports,” which claim that several toxic chemicals recently had been found in water samples taken near the company’s natural gas drilling operations in the Dimock Township area in Susquehanna County, PA.
Cabot Disputes Marcellus Shale Water Sample Reports
Cabot Oil & Gas Corp. officials on Tuesday came out swinging against “facts and inferences made in wire and published reports,” which claim that several toxic chemicals recently had been found in water samples taken near the company’s natural gas drilling operations in the Dimock Township area in Susquehanna County, PA.
AGA Supports ‘Reasonable, Responsible’ Federal Greenhouse Gas Reduction
Swinging its support behind the federal action to cut greenhouse gas emissions, the American Gas Association (AGA) said last week that policymakers must provide energy utilities with the opportunity to make greater use of domestic resources to “make meaningful advances in addressing climate change.”
AGA Supports ‘Reasonable, Responsible’ Federal Greenhouse Gas Reduction
Swinging its support behind the federal action to cut greenhouse gas emissions, the American Gas Association (AGA) said Thursday that policymakers must provide energy utilities with the opportunity to make greater use of domestic resources to “make meaningful advances in addressing climate change.”
Sempra Lashes Back at Consumer Groups Over LNG Plans
Sempra Energy Thursday came out swinging in response to a challenge of its LNG plans by two consumer groups, The Utility Reform Network (TURN) and Rayepayers for Affordable Clean Energy (RACE). The groups are disputing a California Public Utilities Commission decision to allow Sempra’s two Southern California utilities to establish a joint receipt point for liquefied natural gas (LNG) or other supplies flowing north from Mexico (see NGI, Sept. 6, Sept. 13).
Sempra Lashes Back at Consumer Groups Over LNG Plans
Sempra Energy Thursday came out swinging in response to a challenge of its LNG plans by two consumer groups, The Utility Reform Network (TURN) and Rayepayers for Affordable Clean Energy (RACE). The groups are disputing a California Public Utilities Commission decision to allow Sempra’s two Southern California utilities to establish a joint receipt point for liquefied natural gas (LNG) or other supplies flowing north from Mexico (see Daily GPI, Oct. 14).
Dominion Posts 3Q Loss on Isabel, Telecommunications Charges
Swinging wildly to a loss for the quarter due in large part to the impairment of its telecommunication assets, Dominion Resources reported a 3Q net loss of $256 million, or 79 cents per share, compared to net income of $430 million, or $1.54 per share for the same period last year.
Dominion Posts 3Q Loss on Isabel, Telecommunications Charges
Swinging wildly to a loss for the quarter due in large part to the impairment of its telecommunication assets, Dominion Resources reported a 3Q net loss of $256 million, or 79 cents per share, compared to net income of $430 million, or $1.54 per share for the same period last year.
Battle of the Analysts Over Gas Supply, Demand & Prices
While some energy analysts recently have begun swinging for the fences, building high natural gas demand, low supply scenarios into ever higher prices, there is another “Now, hold on just a minute” faction, which claims they have forgotten to factor in the potential for competition from lower oil prices.