Backed

W&T Offshore ‘Aggressively Pursuing’ Acquisitions, CEO Says

Not long ago W&T Offshore Inc. was planning to drill about 25 wells this year. However, the company has backed down from that number as it eyes a market for acquisitions and joint ventures that is becoming increasingly attractive, CEO Tracy Krohn said Thursday.

February 26, 2010

Market Points — Except Northeast — Continue to Climb

Backed by the news that winter will continue for six weeks after Punxsutawney Phil saw his shadow Tuesday morning, cash market traders followed the script from Monday where points across the United States posted gains with the exceptions of a few in the Northeast, which continued to decline.

February 3, 2010

Market Points — Except Northeast — Continue to Climb

Backed by the news that winter will continue for six weeks after Punxsutawney Phil saw his shadow Tuesday morning, cash market traders followed the script from Monday where points across the United States posted gains with the exceptions of a few in the Northeast, which continued to decline.

February 3, 2010

Futures Drop Nearly a Dime as Forecasts Moderate

The natural gas futures market backed off of its Friday bullishness on Monday as some private weather forecasts for the near term began to look warmer than first expected. The February contract dropped 9.7 cents to $5.722.

January 26, 2010

Futures Drop Nearly a Dime as Forecasts Moderate

The natural gas futures market backed off of its Friday bullishness on Monday as some private weather forecasts for the near term began to look warmer than first expected. The February contract dropped 9.7 cents to $5.722.

January 26, 2010

BLM’s Onshore Overhaul Likely to Stall Energy Development

Backed by a belief that natural gas and oil drilling shouldn’t be “anywhere and everywhere,” Interior Secretary Ken Salazar on Wednesday launched an ambitious reform of the Bureau of Land Management (BLM) to improve onshore land, water and habitat protections and to reduce a sharp increase in protests and litigation, but the changes, officials admitted, are likely to stall new onshore development plans across the country.

January 7, 2010

Futures Continue Higher as $5.50 Level is Breached

Backed by the recent stretch of colder weather in a number of high-gas demand regions, traders continued to keep upward pressure on the natural gas futures market on Tuesday as the front-month contract made yet another new high — both outright and on a closing basis — for the bull move that began three months ago.

December 16, 2009

Old Man Winter’s Early Arrival Keeps Upward Pressure on Prices

Cash points across the United States and Canada continued to surge higher Tuesday backed by a significant cold-front surge that began in the West and is making its way across the Midwest and Upper Great Lakes.

December 9, 2009

NatGas Futures Perk Up on Cold-Induced Early Cash Strength

Backed by early cash market strength ahead of what is expected to be a fairly frigid weekend, November natural gas futures thrusted higher in Friday trading Pushing higher for much of the day the prompt-month contract put in a high of $4.880 in the afternoon before closing out the regular session at $4.781, up 29.9 cents from Thursday’s finish but only 1.1 cents above the previous Friday’s close.

October 19, 2009

Cash Prices Pulled Higher By Futures Strength

Coming back from last week’s late sag in values, the cash market rebounded on Monday nearly across the board, backed by the 25.2-cent bounce in November natural gas futures on Friday.

October 6, 2009