Markets

Capping Off Big Week for Bulls, Natural Gas Futures Steady; Appalachian Cash Falls

The natural gas futures market paused to reflect Friday after a furious run higher earlier in the week helped by strong physical prices, signs of early heating demand and lean stockpiles. In the spot market, shoulder season maintenance helped put the squeeze on producers in Appalachia heading into the weekend; the NGI National Spot Gas Average shed 2 cents to $2.58/MMBtu. Read More

OFS Company’s Bankruptcy a Cautionary Tale for Mexico E&P

Following a hearing in Singapore, Mexican-based oilfield services company Servicios Petroleros Oro Negro SAPI de CV has been cleared to negotiate with creditors a year after it sought the protection of the law under a bankruptcy procedure, known as concurso mercantil, similar to Chapter 11 in the United States. Read More