Third

El Paso Explores Negotiated Deal for Capacity

Maybe the third time will be a charm for El Paso Natural Gas.After two failed open seasons — one of which ended last week —the pipeline is left holding the greater part of the 1.35 BBtu/d ofsoon-to-be-available firm capacity on its system. El Paso now hopesto do a negotiated arrangement for the California-bound capacity— similar to the one it worked out with Dynegy Marketing andTrade two years ago.

October 18, 1999

El Paso Explores Negotiated Deal for CA Capacity

Maybe the third time will be a charm for El Paso Natural Gas.After two failed open seasons — one of which ended this week —the pipeline still is left holding the greater part of the 1.35BBtu/d of soon-to-be-available firm capacity on its system. El Pasonow hopes to do a negotiated arrangement for the California-boundcapacity-similar to the one it worked out with Dynegy Marketing andTrade two years ago.

October 15, 1999

Transportation Notes

Florida Gas Transmission extended an Overage Alert Day noticeinto its third day Wednesday, continuing to cite high market-areademand. However, Pacific Gas & Electric is lifting itslow-linepack OFO today.

October 7, 1999

Williams Predicts 3Q Earnings Shortfall

Williams share prices dipped nearly 5% to $40.88/share yesterdayfollowing an announcement that the company expects third quarterearnings per share to be “substantially below” current Wall Streetestimates of 20 cents/share. The company said a change inaccounting standards and cooler than normal temperatures inSouthern California, its major power sales area, were to blame. Theannouncement was made partly in preparation for WilliamsCommunications’ initial public offering next month.

September 3, 1999

Industry Briefs

Altra Energy Technologies said it set new records for physicallydelivered natural gas and natural gas swaps for the thirdconsecutive month in a row on Aug. 31. On that day, 146 Bcf ofdelivered gas and 135 Bcf of swaps were traded. The previous highwas 132 Bcf for natural gas and 133 Bcf for swaps. David Hanson,Altra’s vice president of gas marketing said greater liquidity andefficiency in the system played a part in increasing transactionintensity.

September 3, 1999

New Entry in Northwest Territories Sweeps

Development is accelerating on Canada’s newest natural gasfrontier, as a third production project steps forward to tapdiscoveries in the southern Northwest Territories.

August 30, 1999

New Entry in Northwest Territories Sweeps

Development is accelerating on Canada’s newest gas frontier as athird production project steps forward to tap discoveries in thesouthern Northwest Territories.

August 30, 1999

‘Hurricane Hype’ Gives Bulls Taste of $3.00 Futures

For the third morning in a row natural gas futures gapped higherat the open before continuing upward as traders covered shortpositions in anticipation of Tropical Storm Bret becoming the firsthurricane in the 1999 Atlantic season. But after notching a $3.015high shortly after noon, the September contract was hit with a waveof profit-taking that delivered the spot month back down to settleat $2.938. Estimated volume was healthy, with 99,927 contractschanging hands.

August 23, 1999

Andersen: Revenue-Spending Contradiction in 1998

While for a third consecutive year U.S. gas reserves stood flatat around 107 Tcf, Canadian reserves grew 8% to 32.2 Tcf in 1998,according to Arthur Andersen. That’s just one finding of theconsultant’s 1999 edition of Global E&P Trends, released lastweek.

August 9, 1999

Andersen: Revenue-Spending Contradiction in 1998

While for a third consecutive year U.S. gas reserves stood flatat around 107 Tcf, Canadian reserves grew 8% to 32.2 Tcf in 1998,according to Arthur Andersen. That’s just one finding of theconsultant’s 1999 edition of Global E&P Trends, releasedyesterday.

August 4, 1999