Expiring December Contract Rallies and Retreats on Supportive Storage Data

Natural gas futures bulls received a little cheer heading into the Thanksgiving holiday after the Energy Information Administration (EIA) reported that 6 Bcf was withdrawn from underground storage for the week ending Nov. 19. As a result, December futures jumped higher Wednesday only to give back those gains to go off the board at $4.267, up three-tenths of a penny from Tuesday’s finish and 10.3 cents higher than the previous Friday’s close.

November 29, 2010

Transportation Notes

Pacific Gas and Electric kept the same conditions in effect while extending a systemwide Stage 2 high-inventory OFO through at least Thanksgiving Day on its California Gas Transmission system.

November 30, 2009

Transportation Notes

MRT said it will implement a System Protection Warning (SPW) effective at the start of the Nov. 26 (Thanksgiving) gas day until further notice. It includes restrictions against the creation of daily long imbalances and make-up of short due-pipe positions. See the bulletin board for details.

November 18, 2009

Domenici: Tax Deal Sets Stage For Passage of Energy Bill Before Thanksgiving

Sen Pete Domenici of New Mexico and Rep. W.J. Billy Tauzin of Louisiana, the chief Republican negotiators on the energy bill, said Friday that an agreement had been reached on the disputed issues in the tax package that allows them to make the text of the bill public on Saturday, and sets the stage for the measure to possibly clear both houses before lawmakers adjourn later this month.

November 17, 2003

Transportation Notes

Citing a forecast of cold temperatures through the Thanksgiving weekend and into next week in Market Zone 3 (M-3), Texas Eastern said Tuesday that due to anticipated operating conditions and loads, it will restrict interruptible M-3 deliveries starting Wednesday until further notice. “The need for further restrictions will be evaluated as conditions unfold,” the pipeline said. Also effective with Wednesday’s gas day, no due-shipper gas will be allowed to be taken off the system.

November 27, 2002

Holiday Weekend Market Sees Huge ‘Crash in Cash’

A source’s prediction the day before of a potential price “bloodbath” in trading for the long Thanksgiving Day weekend (see Daily GPI, Nov. 21) came true in spades Wednesday. The market’s hemorrhaging was severe, as plunges of around 70 cents or more were common in all regions despite a mostly flat screen, and the OFO-devastated Southern California border dropped about a dollar.

November 26, 2001

Dominion Extends Greenbrier Open Season

Because its initial open season period of Oct. 5 through Dec. 5included the Thanksgiving holidays, Dominion is extending thedeadline to Dec. 19 for its previously announced GreenbrierPipeline project in order to continue to gauge customer interest.

December 5, 2000

Overall Prices Firmer; CA, Northwest See Dollar-Plus Gains

After beginning the post-Thanksgiving week with two days ofsoftness, the cash market got back on a firming track Wednesday intrading for the last day of November. The upticks were fairlymoderate overall, ranging from slightly down at a few scatteredpoints to Northeast gains in the teens.

November 30, 2000

Transportation Notes

Florida Gas Transmission allowed an Overage Alert Day notice (seeDaily GPI, Nov. 27) to expire over theThanksgiving holiday weekend.

November 28, 2000

CA Expected to Meet Summer 2001 Demand

Californians looking for reason to celebrate over theThanksgiving holiday may have found it in a new report from theCalifornia Energy Commission, which claims that the state shouldhave enough power to meet its electricity demand next summer,barring extraordinarily hot weather.

November 27, 2000
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