RE:RE:RE:Interesting Location for New 7 well PadNot sure about Crew but producers selling to Sumas WA and Malin CA hubs should benefit from recent spikes due to a heat wave in the west/southwest. The “green” California is probably scrambling to use every natural gas plant, not yet forced to close, to avoid more frequent blackouts. Short term event but will last for a while and, apart from sending a message, should reduce the storage levels in the west.
“California experienced another day of wild gains, with prices at SoCal Citygatejumping $2.190 to average $6.655 for the three-day period. PG&E Citygateclimbed 35.0 cents to $3.305, while in the Rockies, Northwest Sumas shot up 26.0 cents to $2.380.”