Natural Gas Week articles from November 2007

Natural Gas Week archives from November 2007

Natural gas weekly spot prices.
November 5, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 10/30-11/5 Avg. Avg. Nov. Price Daily Daily Bid Point $/MMBtu Chg....

Colorado roan gas debate flares as drilling barrier set to fall by '09.
November 5, 2007... One of the largest natural gas reserves in the lower 48 states could be quietly nestled beneath a 73,000 acre stretch of hills and ridges on Colorado's Roan Plateau. But whether any of that gas ever will, or should be, produced is at the heart...

Smaller cities finding prepaid gas programs improving bottom line.
November 5, 2007... While a majority of America's smaller towns and municipalities have watched as energy prices have skyrocketed over the course of the year, several smaller cities have found a way to save customers money on the natural gas purchased for their...

Record high gas storage doesn't faze December NatGas speculators.
November 5, 2007... Oil and gas industry records were broken last week when oil futures soared to an intraday-high $96.24, while US natural gas storage breached 3,500 billion cubic feet. Despite a lackluster weather outlook and relatively weak cash prices,...

Spectra floats rockies pipeline; Rex casts eye on New York city.
November 5, 2007... Takeaway capacity constraints plaguing burgeoning Rockies production may see significant relief over the next few years as any of a number of pipeline projects radically enhance the region's access to major markets on the East and West coasts....

Award overturned.(Late news ...)
November 5, 2007... Award overturned: The Alabama Supreme Court on Friday overturned a $3.5 billion punitive damages award against Exxon Mobil. The company had claimed that Alabama officials had improperly turned a contract dispute into a fraud action. The award...

Application filed.(Late news ...)
November 5, 2007... Application filed: Steckman Ridge has filed an application with the Federal Energy Regulatory Commission to build and operate 12 billion cubic feet of natural gas storage capacity at a site in Bedford County, Pennsylvania. Steckman Ridge Vice...

Sparks fly as Alaska legislators grapple with energy tax overhaul.
November 5, 2007... Conservatives in the Alaska Legislature last week struck back at Gov. Sarah Palin's plan to raise taxes on the oil and gas industry. A state House and Senate committee separately approved new versions of the governor's bill that stripped...

Intrastate weekly spot prices.
November 5, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 10/30-11/5 Avg. Avg. Nov. Daily Daily Bid Price Point $/MMBtu Chg. High...

Chesapeake begins producing gas from shale wells at DFW airport.
November 5, 2007... News that production has started at a drilling site on the Barnett Shale is pretty common these days. What set Chesapeake Energy's production announcement apart is its location, the Dallas-Fort Worth International Airport. In May,...

Prices and differentials for major hubs and selected city gates.
November 5, 2007... November 5, 2007 US$/MMBtu, Volume-Weighted [ILLUSTRATION OMITTED] SELECTED DAILY DIFFERENTIALS Differential 10/29 10/30 10/31 11/1 11/2 HH-NY +0.39 +0.42 +0.56 +0.62 +0.49 HH-Chicago +0.10 +0.17...

Icelandic, Canadian firms mine California's geothermal fields.
November 5, 2007... California's attempt to add more alternative energy to its portfolio has gotten the attention of companies from Iceland and Canada that specialize in producing geothermal power projects. The importance of the state as a power market was...

Composite spot wellhead price.
November 5, 2007... COMPOSITE SPOT WELLHEAD PRICE January 2003 to Present ($/MMBtu) Year Jan. Feb. Mar. Apr. May Jun. Jul. 2007 6.25 7.79 6.52 7.07 7.34 7.03 6.03 2006 8.20 7.30 6.47 6.61 5.93 6.04 5.93 2005 6.05 5.99...

Composite spot delivered-to-pipeline price.
November 5, 2007... COMPOSITE SPOT DELIVERED-TO-PIPELINE PRICE January 2003 to Present ($/MMBtu) Year Jan. Feb. Mar. Apr. May Jun. Jul. 2007 6.68 8.44 7.12 7.54 7.53 7.23 6.26 2006 8.28 7.55 6.69 6.77 5.99 6.14 6.15 2005...

UK-based Subsea companies pitch technologies at Houston program.
November 5, 2007... It may not have gotten a lot of fanfare, but a first-of-its-kind presentation allowing UK-based subsea companies to talk about their services to potential clients got off to a great start. "The turnout is much better than we had hoped,"...

Natural gas futures.
November 5, 2007... NATURAL GAS FUTURES Trading Dates: October 29- November 2, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Wednesday Last Volume Last Volume Last...

Federal judge favors Kerr-McGee in Gulf royalty battle with MMS.
November 5, 2007... A federal judge has sided with Kerr-McGee in a dispute over oil and gas royalties from offshore production in the Gulf of Mexico. The US District Court in Louisiana ruled that the US Minerals Management Service could not force Kerr-McGee to...

North American weekly gas storage.
November 5, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Oct. 26 Oct. 19 Weekly Year Yr. Ago 5-year 5-year Region Week Week Change Ago Change Average Change US East 2004 ...

Natural gas bidweek prices.
November 5, 2007... NATURAL GAS BIDWEEK PRICES Flow Dates: 11/1-11/30 November Chg. Prev. Price Avg. From Bid- Point $/MMBtu Prev....

Panel sends senate committee bill targetting GHG emissions.
November 5, 2007... A Senate global warming panel last week approved a bill designed to reduce US greenhouse gas emissions to 63% of 2005 levels by mid-century. The Senate Environment and Public Works subcommittee voted 4-3 to send the legislation to the full...

Transocean riding high in third qtr; industry reports good results.
November 5, 2007... While the latest quarterly earnings reports seemed like a mixed bag, one company stood out as Houston-based Transocean reported its profits more than tripled. A spokesman for the drilling company said its profits were lifted by record...

NGW's monthly weighted averages.
November 5, 2007... NGW'S MONTHLY WEIGHTED AVERAGES $/MMBtu Price Point JOct-07 Sep-07 Aug-07 Jul-07 Jun-07 May-07 Gulf Coast ANR SE 6.59 5.89 6.28 6.22 7.37 7.63 Col. Gulf - Erath 6.63 ...

Nuclear power's dark side intractable as ever.
November 5, 2007... Just as every sunny day on the beach can add up to melanoma, even the front-running solution to the power generation's carbon emissions--the nuclear resurgence--harbors a dark side. Last week, a federal jury convicted a former nuclear plant...

Nuclear momentum accelerating.
November 5, 2007... Nuclear consortium NuStart and member TVA last week submitted a license application for a new nuclear reactor at the utility's existing Bellefonte Nuclear Facility in Alabama. The application, sparking a flurry of supportive noises from...

Pacific northwest utility being taken private by investor group.(CURRENT)
November 5, 2007... Puget Energy of Bellevue, Washington, has announced it will be acquired by a consortium of private investors for $3.2 billion in cash and about $4 billion in debt relief. Puget is the parent company of Puget Sound Energy (PSE), the state's...

MMS combined Gulf lease sale includes Eastern Gulf tracts.(Regional Market Roundup)
November 5, 2007... The Minerals Management Service has proposed that lease sales 206 and 224 for the Central and Eastern Gulf of Mexico be jointly held on Mar. 19. Officials with the MMS office in New Orleans said lease sale 206 encompasses about 5,000...

Baker Hughes rig count.
November 5, 2007... BAKER HUGHES RIG COUNT Week Ended Nov. 2 Rotary Rigs Current Week Previous Week Year Ago Total US 1,795 1,760 1,739 Land 1,710 1,680...

Gas price trends.
November 5, 2007... GAS PRICE TRENDS ($/MMBtu) CALIFORNIA ROCKY MTNS NEW MEXICO South North Nov 5, 2007 Inter (well) -- -- 3.92 5.60 Intra (well) 6.36 -- 3.89...

Management exodus could spell trouble for energy trust Enterra.(Canadian Markets)
November 5, 2007... Enterra Energy Trust, which suspended payouts to investors last month, announced earlier this week that its chairman and another board member have resigned following a series of meetings focused on the strategic direction of the trust. Those...

Natural Gas set to meet global energy needs for decades to come.(World Roundup)
November 5, 2007... Not everyone is convinced that natural gas is approaching peak output anytime soon. Producers ranging from an Oklahoma independent to Exxon Mobil to Nigeria's former energy minister believe the world has plenty of undiscovered gas--enough to...

Canadian price report.
November 5, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH COLUMBIA Huntingdon/ Kingsgate/ Total Sumas Eastport ...

Mexico curbs US NatGas imports; domestic production, LNG soars.
November 5, 2007... Ever the market bulls, leave it to the analysts at Raymond James (RJ) to see "problems" brewing from the significant increase in Mexico's natural gas production. But while the headline on the analysts' report seems dire, it is actually...

Natural gas weekly spot prices.
November 12, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 11/6-11/12 Price Point $/MMBtu Chg. High Low GULF COAST ANR SE 6.95 +0.23 7.55 6.43 Col. Gulf-Erath ...

Weaver's Cove plan slapped down by Coast Guard, proposed measures.
November 12, 2007... Following several months of analysis, Coast Guard officials have made the call on whether a proposed liquefied natural gas terminal in Fall River, Massachusetts can move forward as planned. Their verdict: Not a chance. The project,...

Flat tank technology takes step forward; major NGV development.
November 12, 2007... The Adsorbed Natural Gas (ANG) tank, a low-pressure natural gas tank that could change the game for natural gas vehicles (NGVs) has taken another step forward. "This time not in a laboratory, but with a real customer," said Lev Zaidenberg,...

Oxymoron: gas market rally only confirming a bearish price trend.
November 12, 2007... Major speculators took control of natural gas futures late last week, staging an impressive rally that seemed to run counter to overwhelmingly bearish fundamentals, but, in fact, set the stage for a further market decline. While news wires...

Pipeline capacity utilization.
November 12, 2007... PIPELINE CAPACITY UTILIZATION Location FlowDate Flow Nov. (2007) Nov. (2006) Month-to-Date Month-to-Date Transco 11/5/2007 1,334,257 1,299,563 1,446,396 Zone 6 NY ...

Alaska legislators digging into tax plan; Palin OK with progress.
November 12, 2007... Alaska Gov. Sarah Palin says she's pleased with the work done so far by legislators on her plan to raise the oil and gas industry's taxes by more than $1 billion a year at current prices. Just how revising the petroleum profits tax, or PPT,...

Energy routes.
November 12, 2007... Energy routes: Federal officials have released details of a plan designating energy transport routes in 11 western states, noting a need to develop fuel pipelines. The Bureau of Land Management--in conjunction with the departments of Energy,...

4Gas project.
November 12, 2007... 4Gas project: A global LNG terminal developing and operating company has plans to develop an LNG terminal, along with an associated gas pipeline, for a location on Corpus Christi Bay in Texas. The company, 4Gas, will begin development on Nov....

Iceland's emerging hydrogen society a blue print for future.
November 12, 2007... The history of the hydrogen society hasn't been written yet, but future historians will record the dawn of this new age as beginning in Iceland in 2000. Iceland, sitting on the rift between two tectonic plates, is "blessed with an...

Intrastate weekly spot prices.
November 12, 2007... INTRASTATE WEEKLY SPOT PRICES Flow Dates: 11/6-11/12 Avg. Avg. Nov. Price Daily Daily Bid Point $/MMBtu Chg. High Low...

US Air Force continues to push ahead with alternative jet fuels.
November 12, 2007... The US Air Force has continued moving ahead with its goal of finding alternative fuels for its jet fleets with the latest success coming on Oct. 22 with the test flight of a C-17 Globemaster II that used a blend of synthetic and JP-8 fuels in...

Prices and differentials for major hubs and selected city gates.
November 12, 2007... November 12, 2007 US$/MMBtu, Volume-Weighted SELECTED DAILY DIFFERENTIALS Differential 11/5 11/6 11/7 11/8 11/9 HH-NY +0.73 +1.04 +0.90 +0.72 +0.61 HH-Chicago +0.09 +0.01 -0.40 -0.40 -0.67 AECO-CHIC...

Qatar Energy Minister discusses LNG, rising costs, peak gas, GTL.(Interview)
November 12, 2007... Just hours before accepting the Petroleum Executive of the Year award at Energy Intelligence's Oil & Money 2007 conference in London last week, Qatari Deputy Prime Minister and Minister of Energy and Industry Abdullah al-Attiyah spoke to NGW...

North American weekly gas storage.
November 12, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Region US Nov. 2 Oct. 26 Weekly Year Yr. Ago 5-year 5-year Week Week Change Ago Change Average Change East 2017 2004 13 1967...

Natural gas futures.
November 12, 2007... NATURAL GAS FUTURES Trading Dates: November 5 - November 9, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Wednesday Last Volume Last Volume Last...

Texas power prices could party like it's 1998.(CURRENT)
November 12, 2007... Power prices in the Electricity Reliability Council of Texas (Ercot) aren't swayed solely by natural gas anymore, according to industry observers. Although natural gas remains king in Ercot--despite the "gold rush" of wind power being...

GE affiliate, partner building a 120-MW wind farm in West Texas.(CURRENT)
November 12, 2007... GE Energy Financial Services (GEFS) and invenergy Wind, a global wind power developer, are building a 120-MW wind farm in West Texas. The Stanton Wind Energy project in Martin County will use 80 GE 1.5-MW wind turbines, and is scheduled to...

Spot electricity trading.(CURRENT)
November 12, 2007... SPOT ELECTRICITY TRADING Trading Dates: November 5-November 9, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT ...

Comparative fuel prices.(CURRENT)
November 12, 2007... COMPARATIVE FUEL PRICES (Cash Market) November 12, 2007 APPALACHIA Appalachian Pool Ohio/Big Sandy River Coal Dlvd ((Util) $50.75/ton $7.42/MMBtu ...

EnCana deep Bossier buyout marks huge expansion into US gas plays.(Regional Market Roundup)
November 12, 2007... EnCana stepped outside of its previous acquisition targets and surprised analysts last week with the announcement of a $2.55 billion deal in the Deep Bossier tight gas formation in East Texas, in which it will acquire all of partner Leor...

Baker hughes rig count.(Regional Market Roundup)
November 12, 2007... BAKER HUGHES RIG COUNT Week Ended Nov. 9 Rotary Rigs Current Previous Year Week Week Ago Total US 1,801 1,795 1,693 Land 1,714 ...

Gas price trends.(Regional Market Roundup)
November 12, 2007... GAS PRICE TRENDS ($/MMBtu) CALIFORNIA ROCKY NEW MTNS MEXICO South North Nov12, 2007 Inter (well) --...

Stealth Ventures receives green light for Nova Scotia CBM play.(Canadian Markets)
November 12, 2007... Nova Scotia's nascent onshore natural gas play moved a significant step forward last week, as the provincial government approved the region's first coalbed methane (CBM) development program. Calgary-based Stealth Ventures is the operator...

Qatar, Nigerian gas-to-liquids projects stymied by gas supply.(World Roundup)
November 12, 2007... Qatar and Nigeria's major GTL projects may have peaked because of inadequate supply. Qatari Energy Minister Abdullah al-Attiyah reports that Qatari gas export projects now operating, under construction or in active development could well...

Canadian price report.(World Roundup)
November 12, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH COLUMBIA ALBERTA Huntingdon/Kingsgate/ Total Sumas Eastport Total AECO-C* Empress...

Tiny Iceland has big future as renewable energy global leader.
November 12, 2007... Iceland, with a population under 300,000, is small by any measure. But the North Atlantic island nation no bigger than Kentucky is gaining a big reputation as the laboratory for a world looking for a carbon-neutral future. Blessed with...

Natural gas weekly spot prices.
November 19, 2007... NATURAL GAS WEEKLY SPOT PRICES Flow Dates: 11/13-11/19 Avg. Avg. Nov. Price Daily Daily Bid Point 5/MMBtu...

Epic drought in southeast could impact NatGas market in big way.
November 19, 2007... The Southeast US is in the grip of an major drought so intense that its largest populated areas are holding less than a 60-day supply of water. While the implications of the crisis are far reaching, there's also a potential effect on the...

No way out: regardless of moves, US can't shake need for imports.
November 19, 2007... The US will continue to rely on imported natural gas to meet domestic needs no matter whether areas now off limits to drilling and development are opened, concludes a new report by the Energy Forum at Rice University's Baker Institute for...

Market bulls have 3-week window to put pressure on natural gas prices.
November 19, 2007... Last week was volatile for December gas futures, but market bulls won the battle with prices topping $8/MMBtu. And despite record storage and forecasts for a warmer-than-normal winter, all appearances suggest that emboldened bulls will attempt...

Rockies express segment almost open; spectra seeks pipe partner.
November 19, 2007... Major moves were made last week regarding two giant natural gas pipelines dealing with production from the Rocky Mountains, including Rockies Express (Rex). In a statement on its Web site Friday, Kinder Morgan Energy Partners said another...

Platform restarted.(Late news ...)
November 19, 2007... Platform restarted: Shell is restarting its Ursa platform in the Gulf of Mexico after an extended outage for repairs. According to Shell, Ursa was designed to produce up to 400 million cubic feet of natural gas and 150,000 barrels of oil per...

Plant idled.(Late news ...)
November 19, 2007... Plant idled: Carbo Ceramics will idle proppant production at its New Iberia, Louisiana, production plant. Carbo, a maker of ceramic proppants for the natural gas and oil industries, said the decision is part of a plan to reduce production costs...

Division sold.(Late news ...)
November 19, 2007... Division sold: Southwestern Energy said it agreed to sell its natural gas distribution unit to an affiliate of GE Energy Financial Services and Alinda Investments for $224 million. The unit, Arkansas Western Gas, serves about 151,000...

Palin poised to score major win revamping Alaska oil and gas tax.
November 19, 2007... The Alaska Legislature was poised to hand Big Oil an unprecedented defeat Friday with passage of a new production tax that would reap about $2 billion more for the state at current high prices. After a roller coaster ride through the...

Suez Calypso project advances; will send 1.2 Bcf/d into Florida.
November 19, 2007... Bringing LNG to Florida is no easy task. Project developers hoping to compete with regasified LNG piped in from Elba Island across the state line in Georgia have long seen only two possibilities given environmental constraints and tight...

API study says congress' energy legislation would hurt economy.
November 19, 2007... Energy legislation pending in Congress, including additional taxes on the oil and gas industry and restrictions on drilling, could result in lower domestic oil and gas production, according to a study released by the oil industry's top lobby...

Prices and differentials for major hubs and selected city gates.
November 19, 2007... PRICES AND DIFFERENTIALS FOR MAJOR HUBS AND SELECTED CITY GATES November 19, 2007 US$/MMBtu, Volume-Weighted [ILLUSTRATION OMITTED] SELECTED DAILY DIFFERENTIALS Differential 11/12 11/13 11/14 11/15 11/16 HH-NY...

North American weekly gas storage.
November 19, 2007... NORTH AMERICAN WEEKLY GAS STORAGE (Billion Cubic Feet) Region Nov. 9 Nov. 2 Weekly Year Yr. Ago 5-year 5-year Week Week Change Ago Change Average Change US East 2002 ...

Natural gas futures.
November 19, 2007... NATURAL GAS FUTURES Trading Dates: November 12 - November 16, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Monday Tuesday Wednesday Last Volume Last Volume Last...

Coos bay, Oregon, project gets siting Ok from county officials.(LNG Update)
November 19, 2007... Inevitably, the further proposed West Coast LNG terminals tread through the gauntlet of regulatory approval, the greater the push back from local governments and neighboring residents. The board of commissioners for Coos County, Oregon, has...

Prices for major Atlantic basin LNG hubs.(LNG Update)
November 19, 2007... PRICES FOR MAJOR ATLANTIC BASIN LNG HUBS November 2007 ($US/MMBtu) [ILLUSTRATION OMITTED] * European gas prices are four-week spot averages from World Gas Intelligence. US gas prices are Natural Gas Week's volume-weighted...

US prime market to develop geothermal power.(Current)
November 19, 2007... From Alaska to the US-Mexican border and across the southwest to Texas, geothermal power is starting to get a lot of attention from investors looking to capitalize on a growing market and government officials looking for a carbon-neutral green...

Strong winds take down parts of power grid in Pacific Northwest.(CURRENT)
November 19, 2007... The western portion of the US grid has been at the mercy of Mother Nature lately. Just as power customers in the San Diego area finally got service restored after last month's fires, many in the Pacific Northwest endured high winds last week....

Spot electricity trading.(CURRENT)
November 19, 2007... SPOT ELECTRICITY TRADING Trading Dates: November 12-November 16, 2007 NEW YORK MERCANTILE EXCHANGE (NYMEX) (HENRY HUB) Avg. Price Avg. Price This Last Year Month POINT ...

Comparative fuel prices.(CURRENT)
November 19, 2007... COMPARATIVE FUEL PRICES (Cash Market) November 19, 2007 APPALACHIA APPALACHIA Appalachian Pool Ohio/Big Sandy River Coal Dlvd ((Util) $51.00/ton $7.92/MMBtu $2.13/MMBtu...

Cheniere begins open season for New Louisiana gas header system.(Regional Market Roundup)
November 19, 2007... Cheniere Energy Partners is holding a non-binding open season through Jan. 15 for a proposed new natural gas transportation project called the Louisiana Natural Gas Header. Cheniere Energy Partners President and Chief Operating Office Stan...

Baker Hughes rig count.
November 19, 2007... [ILLUSTRATION OMITTED] BAKER HUGHES RIG COUNT Week Ended Nov. 16 Rotary Rigs Current Previous Year Week Week Ago Total US 1,797 1,801...

Gas price trends.(Regional Market Roundup)
November 19, 2007... GAS PRICE TRENDS ($/MMBtu) CALIFORNIA ROCKY NEW MTNS MEXICO South North Nov 19, 2007 Inter (well) -- -- 1.78 4.61 Intra (well) 4.85 ...

Lack of unconventional gas to make Canada plunge, not plateau.(Canadian Markets)
November 19, 2007... Natural gas production has peaked in both the US and Canada, the US almost 35 years ago in 1973 and Canada more recently in 2000. However, the post-peak production profiles of the neighboring nations are dramatically different. US output...

Angola LNG making arrangements for deliveries into Southeastern US.(World Roundup)
November 19, 2007... The multibillion-dollar Angola LNG (ALNG) project inched forward this month, with orders placed for LNG vessels and a deal concluded to connect the receiving terminal into a US Gulf of Mexico gas pipeline. In early November, project...

Canadian price report.(World Roundup)
November 19, 2007... CANADIAN PRICE REPORT ($U.S. per MMBtu/$Can per Gigajoule) BRITISH COLUMBIA Huntingdon/ Kingsgate/ Total Sumas ...