Average

WSI Calls for Warmer than Normal U.S. Summer, Except Southeast Region

Andover, MA-based WSI Corp. said Monday it expects the June-August period to average warmer than normal across most of the U.S., with the exception of parts of the Southeast. The company also predicts the country will see another active tropical storm season.

May 23, 2006

PG&E Sees 7.5% Earnings Growth; Regulatory, Emission Success

Riding a $17.4 billion utility rate base, San Francisco-based PG&E Corp.’s transformation and investment plans are “on track” to generate average annual earnings-per-share growth of 7.5% over the next five years, according to PG&E’s CEO and CFO, who held a conference call for financial analysts Wednesday announcing flat first quarter results. A major 2007 general rate case and several emerging industry issues will have important impacts on the company’s ability to realize the growth now envisioned, the senior officials said.

May 5, 2006

Wood Mackenzie: LNG Market Growth Yields More Secure Supply

It’s not about the regasification, at least not anymore. The U.S. market for liquefied natural gas (LNG) has enough receipt terminal capacity for now (see related story) and plenty planned for the future. Those whose business it is to worry about gas supply have turned their attention to U.S. market competitors and the potential for upstream problems that could disrupt supply.

March 27, 2006

Near-Month Gas Futures Ignore Late Season Cold, Slip Another 21.8 Cents

Tumbling oil prices and the 60% gas storage surplus compared to the five-year average continued to pressure gas futures prices lower Monday as traders overlooked current snowy weather, below normal temperatures and forecasts of an active hurricane season.

March 21, 2006

WSI Calls for Moderate Winter with Warming in March

WSI Corp. said Monday that from January-March it expects cooler-than-normal temperatures on average across the northern tier of states and along the Pacific Coast with warmer-than-normal temperatures elsewhere.

December 20, 2005

EarthSat Forecast Calls for Cold November, Cold Winter Ahead

This winter will be colder than last year and much closer to the 30-year norm for the national average expectation, according to MDA EarthSat Energy Weather’s Winter Outlook, which concurred with a winter forecast by AccuWeather issued earlier this month. EarthSat also set 3:1 odds for a colder-than-normal November in the eastern United States.

October 19, 2005

Forest Oil Acquires Large Interest in Buffalo Wallow Field

Forest Oil Corp. announced last Monday it has agreed to acquire a private company whose primary asset is an operated average working interest of 83% in the Buffalo Wallow Field and approximately 33,300 gross acres primarily in Hemphill and Wheeler Counties, TX, including estimated proved reserves of 120 Bcfe with estimated production of 25-30 MMcfe/d.

March 7, 2005

Forest Oil Acquires Large Interest in Buffalo Wallow Field

Forest Oil Corp. announced Monday it has agreed to acquire a private company whose primary asset is an operated average working interest of 83% in the Buffalo Wallow Field and approximately 33,300 gross acres primarily in Hemphill and Wheeler Counties, TX, including estimated proved reserves of 120 Bcfe with estimated production of 25-30 MMcfe/d.

March 1, 2005

Raymond James Forecasts 2005 Gas at $7.25/Mcf

Noting that, on average, the oil and natural gas price forecasts of Raymond James Energy Research have been more materially accurate than Wall Street estimates or 12-month futures strips from 2001 through 2004, Raymond James analysts said in a research note that they are again more optimistic than consensus, putting 2005 oil at $44/bbl and full-year gas at $7.25/Mcf.

February 14, 2005

Raymond James Forecasts 2005 Gas at $7.25/Mcf

Noting that, on average, the oil and natural gas price forecasts of Raymond James Energy Research have been more materially accurate than Wall Street estimates or 12-month futures strips from 2001 through 2004, Raymond James analysts said in a research note that they are again more optimistic than consensus, putting 2005 oil at $44/bbl and full-year gas at $7.25/Mcf.

February 8, 2005