In the story “Michigan Backs DTE Electric Contract With Nexus, But Denies Cost Recovery Plans,” NGI incorrectly reported that the utility’s cost-recovery plans were denied when, in fact, the decision was deferred.
Backs
Articles from Backs
Report: Energy Boom Thanks to Shale, Not Obama
A new report by the nonpartisan Congressional Research Services (CRS) backs up Republican lawmakers’ claims that all of the increase in oil and natural gas production that occurred during the past five years has been on state and private — rather than federal — lands. For the most part, state and private lands are where the shale action is.
Obama Re-Election Puts Target on Energy, Say Execs
Following the presidential election, a big target is on the backs of oil and gas interests, according to a panel of industry experts.
With Obama Re-Elected, Big Target on Energy, Say Execs
Following the presidential election, a big target is on the backs of oil and gas interests, according to a panel of industry experts.
Advocacy Group Favors Carving Out Energy from Transportation Bill
A pro-energy advocacy group said it backs the decision by House Majority Leader John Boehner (R-OH) to consider separately the natural resources/energy provisions and surface transportation component of the five-year, $260 billion American Energy and Infrastructure Act.
Traders See Prices at High End of the Range; June Loses 3.9 Cents.
Natural gas futures retreated as observers see the market poised to work lower as it backs off from the upper end of its recent trading range. With prices as high as they have been recently, it may be a good time to sell, they say. June futures fell 3.9 cents to $4.131 and July skidded 4.6 cents to $4.225. June crude oil shed 43 cents to $76.37.
Range’s Shale Output Tops Guidance
On the backs of its Marcellus and Barnett shale drilling success, Range Resources Corp. on Thursday reported a higher-than-expected 14% jump in natural gas-weighted production in 2Q2009 from a year ago. However, because of low gas prices, the producer won’t renew some of its Barnett Shale leases in North Texas.
Range’s Gas Output Tops Guidance; Some Barnett Leases to be Dropped
On the backs of its Marcellus and Barnett shale drilling success, Range Resources Corp. on Thursday reported a higher-than-expected 14% jump in natural gas-weighted production in 2Q2009 from a year ago. However, because of low gas prices, the producer won’t renew some of its Barnett Shale leases in North Texas.
ICE, Nymex Post Record First Quarter Earnings — Again
On the backs of record trading volumes, IntercontinentalExchange (ICE) and the New York Mercantile Exchange (Nymex) continued their battle for market exchange supremacy as both posted record 1Q2008 earnings. ICE posted consolidated net income for 1Q2008 of $92.3 million, a 66% increase compared to $55.6 million during 1Q2007, while Nymex’s posted net income for 1Q2008 increased 27% to a record $71.2 million, compared to $56.2 million for the same period of 2007. Both companies also posted record 1Q2007 earnings (see NGI, May 7, 2007).
ICE, Nymex Post Record First Quarter Earnings — Again
On the backs of record trading volumes, IntercontinentalExchange (ICE) and The New York Mercantile Exchange (Nymex) continued their battle for market exchange supremacy as both posted record 1Q2008 earnings. ICE posted consolidated net income for 1Q2008 of $92.3 million, a 66% increase compared to $55.6 million during 1Q2007, while Nymex’s posted net income for 1Q2008 increased 27% to a record $71.2 million, compared to $56.2 million for the first quarter 2007. Both companies also posted record 1Q2007 earnings (see Daily GPI, May 3, 2007a; May 3, 2007b).