With a severe ice storm continuing to wreak havoc on power systems in the central U.S. and frigid temperatures remaining in the Wednesday forecast in Canada and from the Rockies and Midcontinent through the Midwest and Northeast, prices continued to rise at a large majority of points Tuesday.
Wreak
Articles from Wreak
Izzy and Lili Wreak Havoc, Take 88.9 Bcf of Gas Off Market
While weak shoulder month gas demand minimized the market impact of Hurricane Lili and Tropical Storm Isidore, the two storms did cut substantial volumes of gas and oil production in the Gulf of Mexico, and on Friday continued to have an impact, with 670 MMcf/d of gas and 105,000 b/d of crude oil production remaining curtailed, according to the Minerals Management Service (MMS).
October 21, 2002
Contour Energy Says Bankruptcy Filing Likely
In yet another indication that Enron Corp.’s bankruptcy is continuing to wreak havoc in the energy business, Houston-based junior independent Contour Energy said Tuesday that a bankruptcy filing is likely after a trustee for its senior notes called for the immediate and full payment of $105 million in principal and interest of its debt in an acceleration notice. In April, Contour began to evaluate its options after losing its natural gas price hedges as a result of Enron’s bankruptcy.
June 10, 2002
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