Columbia Natural Resources Canada (CNRC) has joined with twosmall Canadian producers targeting onshore Maritimes production tofeed the nearly completed Maritimes & Northeast Pipeline.
NGI The Weekly Gas Market Report
Articles from NGI The Weekly Gas Market Report
Market Share Defined in Georgia
The 16 gas suppliers vying for Georgia customers had theirmoment of truth earlier this month, as Atlanta Gas Light (AGL)determined their market share and presented the results to theGeorgia Public Service Commission (GPSC). As expected, GeorgiaNatural Gas Services, an AGL affiliate, and Scana Energy Marketinggained the most customers, receiving over 60% of the market betweenthem.
Eastern May Sell Assets, Entire Company
Eastern Enterprises stock price jumped more than 13% last weekto more than $44/share on news it is evaluating strategicalternatives that could include share repurchases, joint venturesor a sale of all or part of the company.
Producers Seek Stay of FERC’s Sea Robin Decision
Major gas producers have called for FERC to stay theeffectiveness of its controversial remand decision on Sea RobinPipeline pending rehearing, citing the “enormous impact” that itcould have on offshore production and transportation activities ifit’s implemented prior to being reviewed by the Commission.
Producer Loan Bill Signed by President
President Clinton last week signed a bill into law thatestablishes a multi-million dollar federal loan-guarantee programto help independent oil and natural gas producers recover from theeffects of depressed crude oil prices. The measure was passed bythe House earlier this month, and approved by the Senate in June.
Rule Issued for Royalty Valuation on Indian Lands
The Interior Department’s Minerals Management Service (MMS) hasissued a final rule for determining royalties for natural gasproduced on Indian lands. Under the new rule, which was publishedin the Aug. 10 Federal Register, Indian leases would have theoption to either compute royalties on wellhead gas using apublished price index, continue using the existing gross-proceedsmethod for arms-length contracts, or use the current MMS benchmarksystem for non-arms-length sales. If gas is processed, Indiantribes then would adopt a “dual accounting” method under whichroyalties would be based on whichever has the greater value for gas- before processing or after processing. In most cases, it’s thelatter.
Spot Gas Market Wellhead Price
Natural Gas Intelligence the weekly gas market newsletterpublished : August 16, 1999
Current Market Prices
Natural Gas Intelligence the weekly gas market newsletter published : August 16, 1999
American Gas Storage Survey
Natural Gas Intelligence the weekly gas market newsletter
Totem Polls Colorado Market For Storage Demand
With retail energy competition around the corner and powergeneration growing by leaps and bounds, Colorado is in need of newgas storage capacity, according to Brandt Energy President MichaelG. Wright.