The Texas Alliance of Energy Producers said Wednesday that the Texas PetroIndex, which tracks 25 oil and natural gas industry indicators in 22 states, increased 18% in the first four months of the year over 2004.
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CapacityCenter Tallies 2001 Released Capacity at 15.6 Tcf
CapacityCenter.com, which tracks released capacity transactions across the North American pipeline grid, said 15.6 Tcf of released capacity was traded last year, nearly 75% of total U.S. gas consumption, and the top 25 capacity traders did 49% of the transactions representing about 72% of the total.
Long Liquidation Stops Rally in its Tracks, Drops Feb 14 Cents
Ending a four-day, 21-cent rally, natural gas futures reversed lower Thursday as weak long traders headed for the exits amid bearish weather news. After opening at Wednesday’s high at $2.40, the prompt month took on the trajectory of a safe pushed out of a 10 story building, falling 14 cents in the first 45 minutes of trading yesterday. From that point forward, February checked to either side of $2.26 on a heavy volume of 123,632 contracts. February closed at $2.254, down 14 cents from Wednesday’s settle.
FERC Fast-Tracks Transmission Interconnection Policy
The Federal Energy Regulatory Commission has announced an accelerated process to develop a standard interconnection agreement to be used by all utilities and regional transmission organizations (RTO) in hooking up generators in the development of an efficient, open access transmission service.
‘Bullish’ Storage Halts Bears in Their Tracks
Amid a swirl of pre-AGA storage speculation, the futures marketcontinued lower Wednesday, touching its lowest level so far thismonth. After a lower opening, the July contract quickly mapped outits high trade of the day at $2.36, before slipping 4 cents tofinish at $2.327. Estimated volume of 65,584 injected some lifeinto the market, following sub-45,000 trading sessions Monday andTuesday.