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Archive for February, 2010

Resilience in Nat Gas Production Weighs on Prices

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Today, EIA released it monthly report on natural gas production for December and while production was off .7% for the Lower 48 states the decline was less than anticipated.  The decline in production from older conventional fields continues in such states as New Mexico and Texas but is increasingly being offset by growth from the newer shale fields in in Louisiana (Haynesville) and other states Arkansas (Fayetteville) and PA (Marcellus) fields.  (See graph below). 

This continued growth of newer shale production is helping to stabilize natural gas prices in what has been a colder than average winter.   While storage may end the withdrawal season on March 31st at…
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FMA Congress Event Recap

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Earlier this month, myself and Troy Geanopulos, along with energy decision makers from throughout the United States attended the FMA Congress: Progressive Energy, Environment and Data Center Management, which took place in Weston, Florida. 

The event focused on new green technologies and emerging programs with key speakers from corporations and government agencies.   We both talked about the need for businesses to develop an integrated energy strategy and plan for climate change. 

More specifically, topics ranging from the Smart Grid and the collision of energy and data, to energy efficiency and project financing.   

Take a look at…
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NG Prices Lower Following Bullish Storage Report

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On Thursday, the EIA reported 172 BCF of gas withdrawn from storage in the week ending February 19th.  Inventories currently stand at 1,853 BCF and are below year ago levels for the first time since Jan 2009.  The surplus to the 5-year average is also diminishing, as inventories are currently only 13 Bcf above that level.

Working Gas in Underground Storage Compared with 5-Year Range Graph.

Despite the bullish inventory level, natural gas prices fell following the report.  The prompt month (April ’10) contract ended the day 11 cents lower at…
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AOBA Alliance Selects Constellation NewEnergy as its Energy Supplier

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Photo of Mark Huston, Constellation NewEnergy Managing Director and David Farmer, AOBA Alliance President. Photo courtesy © Paul Fleming Photography

I attended an advisory council luncheon for the AOBA Alliance on Tuesday where it was announced to members that the Alliance had chosen Constellation NewEnergy as its new energy supplier.  We announced the news yesterday .

As David Farmer, President of the Board of Directors of the AOBA Alliance explained, the Alliance is one of the largest energy aggregations in the U.S. and…
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Top Five Energy Efficiency Strategies for Buildings – Part 4

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Fourth part of a five part series on the Top Energy Efficiency Strategies

4.  Water Systems
Remember that a water leak is also an energy leak. Periodic maintenance on hot water systems can keep them operating efficiently. The burners of gas or oil-fired hot water heaters should also be tested annually.

 Many buildings can also invest in innovative technologies such as low-flow water faucets which


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Commodity Markets: Natural Gas below $5/mmbtu

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Prompt month (March ’10) natural gas is below $5/mmbtu for the first time since the first week of December amid milder near-term weather and forecasts trending warmer toward the middle part of next month.  Temperatures have moderated in key gas consuming regions before dropping back below normal late this week.  Moving into March, more normal temps are expected for parts of the upper Midwest, with a growing possibility that the warmer temps will push further south as the month progresses.

In the week to February 12th, 190 Bcf was withdrawn from storage, smaller than expected for what was the coldest week since the first week of…
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