Wonder

July natural gas futures on Friday finished last week with a steady climb, leaving some to wonder whether the previous week’s $5.750 low by the then-front month June contract might stand as a low for the move. July natural gas ended up reaching a high of $6.690 before closing at $6.623, up 17.5 cents on the day and 46.9 cents higher than the previous Friday’s close.

Proving that the previous week’s significant 171 Bcf withdrawal report was a one-time wonder, the Energy Information Administration (EIA) reported Thursday morning that 85 Bcf was removed from underground stores for the week ended March 3. With the gas storage surplus already factored into prices, April natural gas futures traded in a 24-cent range Thursday, settling at $6.601, down 4.7 cents.

In a country attempting to embrace electricity restructuring,it’s no wonder that breakdowns like those experienced in Californiacan shake the foundation of programs 1,000 miles away. Not trueaccording to the Center for the Advancement of Energy Markets'(CAEM) latest Retail Energy Deregulation Index (RED Index) releasedlast week, which actually showed that a number of states arerecording progress.

With the cry for increased natural gas production being heardacross the North America, it’s no wonder that exploration andproduction companies such as Calgary-based Talisman Energy areupping their capital expenditure programs to try and meet demand.The company announced last week it will boost its exploration anddevelopment budget by 44% over year 2000 levels to C$1.7 billion.

With the cry for increased natural gas production being heardacross the North America, it’s no wonder that exploration andproduction companies such as Calgary-based Talisman Energy areupping their capital expenditure programs to try and meet demand.The company announced yesterday that it will boost its explorationand development ÿbudget by 44% over year 2000 levels to C$1.7billion.

With the Southeast region of the United States experiencing nearrecord cold temperatures this winter, it’s no wonder SCANA Corp.’ssubsidiary, South Carolina Electric & Gas Co. (SCE&G), andAGL Resources are saying that their customers are demanding recordlevels of energy.

With the southeast United States experiencing near record coldtemperatures this winter, it’s no wonder SCANA Corp.’s subsidiary,South Carolina Electric & Gas Co. (SCE&G), and AGLResources are saying that their customers are demanding recordlevels of power.