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Recent stock market weakness and a bearish 2010 U.S. natural gas outlook appear to be trumping improved energy fundamentals, and energy stocks “could get much uglier if the market malaise continues,” Raymond James & Co. Inc. analysts said last week.

Recent stock market weakness and a bearish 2010 U.S. natural gas outlook appear to be trumping improved energy fundamentals, and energy stocks “could get much uglier if the market malaise continues,” Raymond James & Co. Inc. analysts said Monday.

Recent stock market weakness and a bearish 2010 U.S. natural gas outlook appear to be trumping improved energy fundamentals, and energy stocks “could get much uglier if the market malaise continues,” Raymond James & Co. Inc. analysts said Monday.

The 11 member countries of what has come to be known as a natural gas version of the Organization of Petroleum Exporting Countries (OPEC) appear to be better organized as evidenced by last Wednesday’s election of Russia’s Leonid Bokhanovsky as the Gas Exporting Countries Forum’s (GECF) first secretary general.

The costs to build and operate upstream oil and gas facilities, which fell early this year following a long period of escalation, appear to have bottomed, according to IHS Cambridge Energy Research Associates (IHS CERA).

The 11 member countries of what has come to be known as a natural gas version of the Organization of Petroleum Exporting Countries (OPEC) appear to be better organized as evidenced by the Wednesday election of Russia’s Leonid Bokhanovsky as the Gas Exporting Countries Forum’s (GECF) first secretary general.

The costs to build and operate upstream oil and gas facilities, which fell early this year following a long period of escalation, appear to have bottomed, according to IHS Cambridge Energy Research Associates (IHS CERA).

Lower prices don’t appear to be slowing drilling for Range Resources Corp., which reported a 13% production increase in the third quarter just ended compared to a year ago, with plans to double production in its prime Marcellus Shale property from 90-100 MMcf/d by the end of this year to close to 200 MMcf/d by the end of 2010. It expects company-wide production in the fourth quarter 2009 to be about 455-460 MMcf/d.

Lower prices don’t appear to be slowing drilling for Range Resources Corp., which reported a 13% production increase in the third quarter just ended compared to a year ago, with plans to double production in its prime Marcellus Shale property from 90-100 MMcf/d by the end of this year to close to 200 MMcf/d by the end of 2010. It expects company-wide production in the fourth quarter 2009 to be about 455-460 MMcf/d.