The state of Alabama plans to contribute some of its royalty share of gas production from the 8(g) area offshore in the Gulf of Mexico to an upcoming sale of federal gas royalties taken in kind by the Minerals Management Service (MMS). MMS and Alabama recently signed a partnership agreement governing the sale. The federal agency previously partnered with Texas in similar sales of royalty-in-kind (RIK) gas.
Upcoming
Articles from Upcoming
Alabama Contributes Royalty Gas to MMS RIK Sale
The state of Alabama plans to contribute some of its royalty share of gas production from the 8(g) area offshore in the Gulf of Mexico to an upcoming sale of federal gas royalties taken in kind by the Minerals Management Service (MMS). MMS and Alabama recently signed a partnership agreement governing the sale. The federal agency previously partnered with Texas in similar sales of royalty-in-kind (RIK) gas.
EIA: Starting Winter Storage to Hit Highest Level in 16 Years
Working gas inventories are expected to start this upcoming winter heating season at the highest mark since 1990, keeping gas prices at depressed levels in comparison to prior years, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for September that was issued last Tuesday.
EIA: Starting Winter Storage to Hit Highest Level in 16 Years
Working gas inventories are expected to start this upcoming winter heating season at the highest mark since 1990, keeping gas prices at depressed levels in comparison to prior years, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for September.
WSI Sees Cool Fall in Northern Tier, Possible Early Winter Start
The weather outlook for the upcoming September-through-November period is expected to be cooler than normal across most of the northern half of the nation, especially the northern Plains, while warmer-than-normal temperatures are likely to prevail in the southern states and along the Pacific Coast, according to Andover, MA-based WSI Corp.
WSI Sees Cool Fall in Northern Tier, Possible Early Winter Start
The weather outlook for the upcoming September-through-November period is expected to be cooler than normal across most of the northern half of the nation, especially the northern Plains, while warmer-than-normal temperatures are likely to prevail in the southern states and along the Pacific Coast, according to Andover, MA-based WSI Corp.
FERC Meeting Agenda Jammed with Major Gas Items
FERC’s upcoming meeting Thursday is expected to be a blockbuster one, as the agency takes action on issues involving gas quality and the interchangeability of liquefied natural gas (LNG) and traditional gas, a joint pipeline-producer petition for broader blanket certificate authority, the agency’s proposed storage rule and a host of new LNG projects and expansions.
Transportation Notes
Noting unseasonably mild conditions being predicted in its market area for the upcoming weekend and several days thereafter, Transco said effective with Friday’s gas day until further notice it will not allow any excess storage injections under Rate Schedules WSS, WSS-OA or GSS, nor will it allow any due-pipeline imbalance paybacks. Also, pool tolerances were to be reduced to 1% starting with Evening Cycle nominations for Friday, and the pipeline is barring any incremental Park service quantities and the payback of any Loans under Rate Schedule PAL (Park and Loan).
Raymond James Suggests Winter Prices Could Spike to $15-20/Mcf
The upcoming natural gas supply/demand balance likely will continue to be “very tight” through the winter, and if the next few months prove to be colder than normal, gas prices could spike as high as $15-20/Mcf, Raymond James analysts said in the latest “Stat of the Week.”
House Expected to Name Energy Bill Conferees This Week
The House is expected to appoint conferees for the upcoming House-Senate conference on the omnibus energy after it returns from its recess on Monday (July 11), according to a Capitol Hill spokesman.