Bearing

Southern Union Co. is seeing its dance card beginning to fill up after Williams arrived late Thursday bearing a more lucrative merger package than one offered earlier this month by Energy Transfer Equity LP (ETE).

Southern Union Co. is seeing its dance card beginning to fill up after Williams arrived late Thursday bearing a more lucrative merger package than one offered earlier this month by Energy Transfer Equity LP (ETE).

Liquids production — both crude oil and condensate — is rising significantly at several shale plays in the United States as operators increasingly target the liquids-bearing portions of these formations, according to Austin, TX-based HPDI LLC, a supplier of data on the oil and natural gas industry.

Natural gas found in North Texas water wells did not come from the Barnett Shale but rather the gas-bearing Strawn formation, which is closer to the surface, hearing examiners at the Railroad Commission of Texas (RRC) said in a report released last week. Range Resources Corp. has been accused of contaminating the wells with its Barnett drilling activities.

Natural gas found in North Texas water wells did not come from the Barnett Shale but rather the gas-bearing Strawn formation, which is closer to the surface, hearing examiners at the Railroad Commission of Texas (RRC) said in a report released Monday. If accepted by commissioners, the finding would exonerate Range Resources Corp., which had been accused of contaminating the wells with its Barnett drilling activities.

Natural gas found in North Texas water wells did not come from the Barnett Shale but rather the gas-bearing Strawn formation, which is closer to the surface, hearing examiners at the Railroad Commission of Texas (RRC) said in a report released Monday. If accepted by commissioners, the finding would exonerate Range Resources Corp., which had been accused of contaminating the wells with its Barnett drilling activities.

With a major winter storm bearing down on the Northeast after dumping copious amounts of snow in the South Atlantic and Mid-Atlantic states, prices were up across the board Monday. All Northeast citygates recorded $5-plus advances, with a few skyrocketing by more than $7.

A return of snow-bearing colder weather in the Rockies caused points there to spike by as much as $1.30 Monday and pushed some regional top-end prices above $6. Milder conditions elsewhere resulted in a mixed market that was mostly close to flat and in which losses moderately exceeded gains.

With a run of winter-like temperatures bearing down on the Midwest and East, natural gas futures traders on Tuesday continued to explore the upside, despite continued weakness in crude futures. February natural gas notched a high of $6.650 before closing at $6.631, up 25.3 cents on the day. February crude put in a low of $54.25/bbl before settling at $55.64/bbl, down 45 cents.