Widespread

Most Points Gain, Yet Rockies, California Slide; Futures Flat

Physical prices rose on average by about 3 cents Friday with gains widespread with the exception of Rockies and California points. Hot weather forecast across the East propelled some prices higher, but California was expected to see a cooling trend. Rockies prices continued to see increased competition from Canada. At the close of futures trading August and September each settled unchanged at $2.874 and $2.869, respectively. August crude oil added $1.02 to $87.10.

July 16, 2012

Oversold Rally Suggested, Yet Storage Data Encourages Bears

Next-day gas prices continued to erode Thursday except for in the Northeast, where a handful of points picked up between 10 to 20 cents. Weakness was widespread but was most pronounced at Wyoming points and locations eastward into the Midcontinent. Increases in the Northeast were only partially able to offset the general decline. Futures bears were pleased with the 10:30 a.m. EST storage report, which showed a withdrawal somewhat less than expectations.

March 9, 2012

Existing LNG Sites Have Export Advantage, Says Sempra Exec

Widespread development of natural gas export capability in the United States could be a huge boost to the U.S. economy, to natural gas infrastructure companies and to liquefied natural gas (LNG) import facilities that now are stymied by a disjointed global market for gas that currently has U.S. prices lagging below those in the rest of the world, according to Darcel Hulse, Sempra Energy’s outgoing CEO for LNG operations.

December 19, 2011

Existing LNG Sites Hold Inside Track to Exports, Sempra Exec Says

Widespread development of natural gas export capability in the United States could be a huge boost to the U.S. economy, to natural gas infrastructure companies and to liquefied natural gas (LNG) import facilities that now are stymied by a disjointed global market for gas that currently has U.S. prices lagging way below those in the rest of the world, according to Darcel Hulse, Sempra Energy’s outgoing CEO for LNG operations.

December 15, 2011

Watchdog Faults Fayetteville Shale Oversight

A new report that slams the natural gas industry and state regulators for “widespread violations of Arkansas clean water standards” in the Fayetteville Shale is based on old data and overlooks the fact that some of the report’s recommendations already have been implemented, state regulators told NGI.

September 19, 2011

Watchdog Faults Fayetteville Shale Oversight

A new report that slams the natural gas industry and state regulators for “widespread violations of Arkansas clean water standards” in the Fayetteville Shale is based on old data and overlooks the fact that some of the report’s recommendations already have been implemented, state regulators told NGI’s Shale Daily.

September 13, 2011

Ethics Group Seeks Probe of Times Shale Coverage

According to Boehm, the sources are Arthur Berman of Labyrinth Consulting Services in Sugar Land, TX, and Deborah Rodgers, a full-time goat farmer and owner of Deborah’s Fort Worth Farmstead Goat Cheese.

July 11, 2011

Industry Briefs

California continues to deal with vocal dissenters opposing the widespread switch among energy utility customers — gas and electric — to advanced metering systems. While a growing number of small suburbs in the San Francisco Bay area are trying to make themselves smart meter-free zones, objective studies have verified the safety of the meters, which depend on radio frequency-emitting devices similar to — but less powerful than — cell phones. The Los Angeles Times on Sunday editorialized in favor of the new meters, noting particularly that on the electric side that they “have the potential to change the delivery of electricity as profoundly as the Internet changed the delivery of information.” Utilities save money by eliminating the decentralized house-by-house meter reading function and customers can save by being able to take advantage of time-of-use pricing and smart appliances. With at least four Northern California towns passing moratoriums against the meters, the Times said Pacific Gas and Electric Co. has “rightly ignored the nonsensical bans,” noting that it is regulated by the state, not local governments.

June 7, 2011

Mexico’s Pemex Targets Cross-Border Condensate Theft

A lawsuit recently filed in U.S. District Court by Mexico’s Pemex Exploracion Y Produccion (PEP) alleging widespread theft of natural gas condensate from the Burgos Field blames drug cartels and targets about a dozen U.S. entities for allegedly trafficking in the stolen commodity, knowingly or not.

June 6, 2011

Mexico’s Pemex Targets Cross-Border Condensate Theft

A lawsuit recently filed in U.S. District Court by Mexico’s Pemex Exploracion Y Produccion (PEP) alleging widespread theft of natural gas condensate from the Burgos Field blames drug cartels and targets about a dozen U.S. entities for allegedly trafficking in the stolen commodity, knowingly or not.

June 3, 2011