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California LDCs Unaffected by Low Gas Prices

Low wholesale natural gas prices haven’t translated into expansions at Sempra Energy’s local distribution companies (LDC) Southern California Gas Co. (SoCalGas) and San Diego Gas and Electric (SDG&E), a Sempra spokesman told NGI last week.

January 14, 2013

Analyst Sees Year-End Storage Similar to 2009

The U.S. natural gas supply-demand balance was long by 1.1 Bcf/d in 2009 compared with 2008, which translated into record-high gas storage levels at the end of last year. And at the end of this year storage should see about the same levels, according to an analysis by Bentek Energy LLC.

June 14, 2010

Analyst Sees Year-End Storage Similar to Last Year

The U.S. natural gas supply-demand balance was long by 1.1 Bcf/d in 2009 compared with 2008, which translated into record-high gas storage levels at the end of last year. And at the end of this year storage should see about the same levels, according to an analysis by Bentek Energy LLC.

June 10, 2010

EIA: January Lower 48 Production Up from Year Ago

It is clear that the widespread producer cutbacks that began last fall to combat falling prices have not yet translated into reduced natural gas supplies as production in the Lower 48 states was 63.01 Bcf/d in January, down 0.29 Bcf/d, or half of a percent from December, but up 2.7 Bcf/d, or 4.5% compared with January 2008, according to Energy Information Administration (EIA) estimates released Thursday. In longer-term projections also released last week EIA forecast rapid shale growth but a lesser role for imports of liquefied natural gas (LNG) in coming decades.

April 6, 2009

EIA: January Lower 48 Production Up from Year Ago

It is clear that the widespread producer cutbacks that began last fall to combat falling prices have not yet translated into reduced natural gas supplies as production in the Lower 48 states was 63.01 Bcf/d in January, down 0.29 Bcf/d, or half of a percent from December, but up 2.7 Bcf/d, or 4.5% compared with January 2008, according to Energy Information Administration (EIA) estimates released Thursday.

April 3, 2009

Futures Fall Despite Solid 176 Bcf Storage Withdrawal

Extreme cold in the East finally translated into a stout natural gas storage withdrawal report, but it appears some traders were expecting an even larger number as near-month natural gas futures fell following the 10:30 a.m. EST report Friday. The February contract put in a new low for this downtrend on Friday before closing at $4.518, down 16.3 cents from Thursday’s finish and 28.3 cents lower than the previous week’s close.

January 26, 2009

Lower Gas Prices, High Service Costs Dampen E&P Profits

With the third quarter earnings season under way, record oil prices have not yet translated into record profits for some of the largest U.S.-based exploration and production (E&P) companies. Smaller domestic producers are performing well, but lower natural gas prices and sharply higher service costs are cutting into the profits of larger and more diversified U.S.-based E&Ps.

October 26, 2006

Lehman Analyst Says ’03 E&P Results Improved, But Not Great

Rising oil and natural gas prices have not translated into strong growth rates for exploration and production companies, and while 2003 results were an improvement over the previous year, overall results were good but not great, Lehman Brothers analyst Thomas Driscoll said in a recent conference call to discuss his latest report on E&Ps.

December 29, 2003

Lehman Analyst Says ’03 E&P Results Improved, But Not Great

Rising oil and natural gas prices have not translated into strong growth rates for exploration and production companies, and while 2003 results were an improvement over the previous year, overall results were good but not great, Lehman Brothers analyst Thomas Driscoll said Friday.

December 22, 2003

Typical Mid-July Weather Keeps Prices Moving Higher

Air conditioners are humming virtually everywhere, and that translated into continuing bullishness for almost the entire cash gas market Wednesday. Except for a small decline at Malin and flat to barely higher numbers at a few Northeast citygates, other points saw gains that tended to range from a nickel to a little more than 15 cents.

July 18, 2002
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