Timing

FERC staff said Friday that an incorrect e-mail attachment sent by a “clerk” at Dominion Transmission to weekly storage surveyors at the Energy Information Administration (EIA) led to the erroneous storage report last month and subsequent jump in futures prices. FERC staff estimates the error and price run-up cost U.S. consumers $200 million to $1 billion in their December cost of gas.

After failing to reach Monday’s high despite an early-morning Access session rally, the natural gas futures market ground lower Tuesday as the midweek doldrums again favored bears. The May contract closed at $5.108 down 2.6 cents in a session that only saw only 47,344 contracts change hands.

There is a “strong” possibility that exploration and production (E&P) companies are timing ramped up production with expected higher natural gas prices later this year, according to Raymond James’ energy analysts. Analysts Marshall Adkins and James M. Rollyson had expected the ramp up to occur earlier in the year because of price increases this spring, but a “number of factors” has led to a delay and probably a “serious catch-up” phase later this year and throughout 2003.

There is a “strong” possibility that exploration and production (E&P) companies are timing ramped-up production to hit with the expected higher natural gas prices later this year, according to Raymond James’ Energy’s “Stat of the Week.” Analysts Marshall Adkins and James M. Rollyson had earlier predicted an earlier ramp-up because of the rise in prices over the spring, but a “number of factors” has led to an unexpected stagnation that will lead to “serious catch-up” later this year and throughout 2003.

There is a “strong” possibility that exploration and production (E&P) companies are timing ramped-up production to hit with the expected higher natural gas prices later this year, according to Raymond James’ Energy’s “Stat of the Week.” Analysts Marshall Adkins and James M. Rollyson had earlier predicted an earlier ramp-up because of the rise in prices over the spring, but a “number of factors” has led to an unexpected stagnation that will lead to “serious catch-up” later this year and throughout 2003.

After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago last week said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.

After all of the ups and downs in the U.S.’s natural gas markets over the past year, industry experts at the 13th Annual LDC Forum in Chicago Monday said they still foresee a 30 Tcf market in the future, but they differ on the expected timeframe. The speakers agreed that the nation’s current infrastructure would need to be beefed up to shoulder the load.