Breaking

The Texas Senate Wednesday evening unanimously passed legislation to require disclosure of the contents of hydraulic fracturing (fracking) fluid, “breaking ground that no other state has done,” according to state Sen. Troy Fraser (R-Horseshoe Bay). However, a floor amendment could thwart the bill’s progress.

The Texas Senate Wednesday evening unanimously passed legislation to require disclosure of the contents of hydraulic fracturing (fracking) fluid, “breaking ground that no other state has done,” according to state Sen. Troy Fraser (R-Horseshoe Bay). However, a floor amendment could thwart the bill’s progress.

In a rare show of bipartisanship, the U.S. House passed the “Restarting American Offshore Leasing Now Act,” also known as HR 1230, by a 266-149 vote on Thursday before breaking for the week. The bill now moves to the Senate.

After breaking below $4 for the second time in the last four regular trading sessions, January natural gas futures on Wednesday rebounded to close at $4.152, up 9.3 cents from Tuesday’s finish.

Picking up where the action ended on Wednesday, December natural gas futures on Thursday continued to scout lower price levels. After breaking below $4 and recording a $3.917 low, the prompt-month contract went on to close the regular session at $3.927, down 11.9 cents from Wednesday.

The Permanent University Fund in Texas this week completed a record-breaking natural gas and oil lease sale covering parts of West Texas that will bring $206 million to the fund.

After pounding up against psychological support at $4 over the last few days, the September natural gas futures contract succeeded in breaking through in a big way on Wednesday with a low of $3.838 before closing the regular session at $3.871, down 16.8 cents from Tuesday’s finish.

One day after breaking below psychological support at $5, March futures values on Tuesday notched their fourth consecutive day lower, leaving market watchers wondering what would be in store for the contract’s expiration on Wednesday. The prompt-month contract reached a low of $4.773 before closing Tuesday’s regular session at $4.778, down 11.7 cents from Monday’s finish. With that, the contract has plummeted 66.8 cents over the last four regular sessions.

One day after breaking below psychological support at $5, March futures values on Tuesday notched their fourth consecutive day lower, leaving market watchers wondering what would be in store for the contract’s expiration on Wednesday. The prompt-month contract reached a low of $4.773 before closing Tuesday’s regular session at $4.778, down 11.7 cents from Monday’s finish. With that, the contract has plummeted 66.8 cents over the last four regular sessions.