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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (100827)	5/14/2008 4:47:36 PM
From: Dennis Roth	Read Replies (1) \| Respond to of 206121

DJ US GAS: Futures End Higher On Independence Hub Delay futuresource.quote.com The U.S. Energy Information Administration is expected to report that 88 billion cubic feet of gas were added to storage during week ended May 9, according to the average prediction of 13 analysts and traders in a Dow Jones Newswires survey. The estimated storage build surpasses the 79 bcf five-year average injection, but falls short of last year's 95 bcf build. Bloomberg: U.S. Natural Gas Futures Advance on Enterprise Pipeline Delay bloomberg.com Natural Gas Advances as Enterprise Delays Flow on Gulf Pipeline bloomberg.com Stockpiles of natural gas rose 89 billion cubic feet* for the week ended May 9, according to the median of 20 analyst estimates compiled by Bloomberg.* ==== Reuters: U.S. spot natural gas prices rose at every price point Wednesday, with benchmark Henry Hub gas in Louisiana jumping to its highest level in more than two years on news the restart of the Independence Hub production platform in the Gulf of Mexico would be delayed by a month. www1.investorvillage.com Injection estimates for this week's report ranged from 80 bcf to 92 bcf, with most traders and analysts expecting stocks to rise by about 87 bcf when weekly EIA data is released Thursday at about 10:30 a.m. EDT, a Reuters survey showed. Firm Physical Natural Gas Price next Day Delivery. Down almost everywhere. intelligencepress.com ======= GULF PRODUCTION MONITOR: May 14, 2008 Enterprise said Independence Trail Pipeline repairs are expected to continue into the first half of June. If the outage lasts through the second week in June, production shut-ins will total about 58.5 Bcf compared to the total of nearly 32 Bcf today. Nautilus Pipeline also remains shut down because of excessive liquids in its slug catcher. Nautilus was flowing nearly 120 MMcf/d last week but the recent average was even higher at about 150 MMcf/d. Transco volumes in the fed. offshore are down 121 MMcf/d in the last 7 days. Enterprise Products Partners L.P. announced that repairs to its Independence Trail natural gas pipeline in the Gulf of Mexico are expected to continue into the first half of June. On April 9, Enterprise announced that operations on the Independence Hub platform and Independence Trail pipeline had been suspended due to a leak that appeared to be originating from a stainless steel o-ring located on the top flange of the flex joint in approximately 85 feet of water. The flex joint assembly connects the export pipeline to the platform. The initial repair work was to tighten the bolts around the flange adjacent to the stainless steel o-ring, repressure the pipeline and inspect for leaks. While greatly reduced, there was still a small leak that required proceeding with a second step in the repair process, which is to replace the o-ring. To perform this work, a specialty plug is temporarily installed in the Independence Trail pipeline to isolate the flex joint from the pipeline while the o-ring is being replaced. While attempting to set this plug, a restriction in the interior diameter of a 20-inch tee fitting on the platform was encountered that prevented the plug from being installed. The tee has been removed from the platform and is currently being machined to increase the inside diameter and eliminate the restriction. Upon completion of the machining, the tee will be reinstalled on the Hub and the repair process will continue. Due to the additional step of machining the tee, the anticipated date to resume operations at the Independence Hub platform and Trail pipeline has been delayed until the first half of June, provided there are no unexpected weather-related issues. Production from Independence Hub had been averaging about 890 MMcf/d prior to the outage. bentekenergy.com ==== Expectations for tomorrow's reported injection are: Dow Jones Survey 88 Bcf Bloomberg Survey 89 Bcf Reuters Survey 87 Bcf BENTEK Storage Rpt N.A. robry825 82 Bcf z24blackjet 88 Bcf Last year's injection 95 Bcf Five year average 79 Bcf