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Last week I attended the LDC Gas Forum Southeast in Atlanta. One of the folks I met at the conference was a manager of fuels risk management for a Kentucky utility. To protect the innocent, we’ll call him Joe Friday.
Yesterday ICE next-day gas at Henry Hub posted at $1.85/MMbtu, down a penny from Wednesday. The CME/Nymex May contract settled at still another 10 year low (how many more 10 year lows could there be?) at $1.907, down 4.4 cnts.
At the Platts Oil and Gas Conference in Denver last week, one of the best presentations was from David Stone, Director Portfolio and Business Strategy with Marathon’s Onshore Exploration group. His presentation was titled The Bakken System and the Vision For growth, and covered the re
Yesterday was a swingin, Up-N-Down day for natural gas. See the Updata ‘Candlestick-Volume’ chart for the CME/NYMEX May contract below, that shows upticks in gray, downticks in red, with the width of the bar proportional to the volume during that trading period. So there was a big mov
Yesterday I attended and was a speaker at the Platts 6th Annual Rockies Oil & Gas conference at the Grand Hyatt Denver. There were about 350 registered attendees, by far the largest of these conferences. I’ve been a speaker at the event for the past four years. Good fri
Finally. The wait is over. The May CME/NYMEX natural gas contract dropped 4.7 cnts to close at $1.984/MMbtu. June was lower by the same amount, closing at $2.105. It is still another 10 year low and another milestone in the onslaught of shale production in the year-of-no-w
Yesterday the price of ethane in E/P mix in Conway dropped again, now down to 14.5 cnts/gal, or $6.09/Bbl. A lot of the ethane barrels that move down the ONEOK Overland Pass NGL pipeline from Opal, WY to Conway, KS get priced out based on Conway ethane numbers. We talked about this si
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Last week EIA published a note titled Cushing Crude Oil Inventories Rising In 2012, which focuses on the 12 MMbl increase in storage levels from mid-January until end-March. It was a 43% surge, the largest over an 11 week period since 2009.
May natural gas futures closed out last week at $2.089/MMbtu, down 5.2 cnts.
