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.
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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.
Report Acknowledges Arctic Climate Changes Could Expand Oil, Gas Resources
Average temperature in the Arctic have risen at almost twice the rate as the rest of the world in the past few decades, according to the latest Arctic Climate Impact Assessment (ACIA). Most of the environmental and societal impacts would be considered negative, but the independent group acknowledged that reduced sea ice likely would increase marine access and expand offshore oil and natural gas extraction.
Report Acknowledges Arctic Climate Changes Could Expand Oil, Gas Resources
Average temperature in the Arctic have risen at almost twice the rate as the rest of the world in the past few decades, according to the latest Arctic Climate Impact Assessment (ACIA). Most of the environmental and societal impacts would be considered negative, but the independent group acknowledged that reduced sea ice likely would increase marine access and expand offshore oil and natural gas extraction.
J. D. Power: Gas Utility Customer Satisfaction Still Strong Despite Higher Prices
Despite a 14% increase in average residential gas utility rates, a survey by J. D. Power and Associates found that customer satisfaction among the nation’s largest gas utilities is unchanged from 2003.
J. D. Power: Gas Utility Customer Satisfaction Still Strong Despite Higher Prices
Despite a 14% increase in average residential gas utility rates, a survey by J. D. Power and Associates found that customers satisfaction among the nation’s largest gas utilities is unchanged from 2003.
Forest Oil Posts Strong 2003 Earnings on High Oil/Gas Prices
Aided by the combination of higher average oil and natural gas sales prices, higher sales volumes and lower oil and gas production expenses, Forest Oil Corp. posted 2003 net earnings from continuing operations of $90.2 million or $1.82 per basic share and net earnings of $88.4 million or $1.79 per basic share, an increase of over 300% compared to net earnings of $21.3 million or $0.45 per share in 2002.
Forest Oil Posts Strong 2003 Earnings on High Oil/Gas Prices
Aided by the combination of higher average oil and natural gas sales prices, higher sales volumes and lower oil and gas production expenses, Forest Oil Corp. posted 2003 net earnings from continuing operations of $90.2 million or $1.82 per basic share and net earnings of $88.4 million or $1.79 per basic share, an increase of over 300% compared to net earnings of $21.3 million or $0.45 per share in 2002.
South Jersey Touts Storage Strategy, Files 4.4% Rate Cut
South Jersey Gas said because of its storage-based hedging strategy it will save its average customer about $62 next year. The company has promised an extra holiday gift this year in the form of a 4.4% rate reduction.
South Jersey Touts Storage Strategy, Files 4.4% Rate Cut
South Jersey Gas said because of its storage-based hedging strategy it will save its average customer about $62 next year. The company has promise an extra holiday gift this year in the form of a 4.4% rate reduction.