Buoyed

Futures, Physical Stage Broad Advance; October Exits Like A Lion

The cash market advanced nearly 8 cents on average Wednesday, buoyed by an exuberant screen and a strong finish by the expiring October contract. The gains were widespread with some regions posting a double-digit advance. The Great Lakes, East and California all vaulted higher. At the close of futures trading October had zoomed 9.9 cents to end at $3.023 and November added 11.0 cents to $3.215. November crude oil shed 56 cents to $91.37/bbl.

September 27, 2012

Lower 48 Gas Output Bounced Back in April, EIA Says

Buoyed by a 0.41 Bcf/d (1.9%) increase in Texas, natural gas production in the Lower 48 states reached 72.48 Bcf/d in April, a 0.8% increase compared with 71.92 Bcf/d in March and up a full 3.22 Bcf/d compared with April 2011, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

July 2, 2012

Lower 48 Production Bounced Back in April, EIA Says

Buoyed by a 0.41 Bcf/d (1.9%) increase in Texas, natural gas production in the Lower 48 states reached 72.48 Bcf/d in April, a 0.8% increase compared with 71.92 Bcf/d in March and up a full 3.22 Bcf/d compared with April 2011, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

July 2, 2012

Rex Increasing Budget for Marcellus Drilling

Buoyed by a new gas processing plant and 10 Marcellus Shale wells drilled in the first quarter, Rex Energy Corp. is increasing its capital budget by $26.7 million for the year to support increased drilling activities.

May 9, 2011

Louisiana, Texas Lead Production Gains in November

Buoyed by production gains in Louisiana, Texas and other states, Lower 48 natural gas output rose 1.1% in November — the latest month for which production figures are available — compared to October, the Energy Information Administration (EIA) reported.

January 31, 2011

Louisiana, Texas Lead Production Gains in November

Buoyed by production gains in Louisiana, Texas and other states, Lower 48 natural gas output rose 1.1% in November — the latest month for which production figures are available — compared to October, the Energy Information Administration (EIA) reported.

January 31, 2011

Cold Blast Due in East Boosts Most Points

With the cold weather that had buoyed cash prices for most of the week due to get more severe, particularly in the East, toward the end of the weekend, the market was showing more weakness Friday than it had since last Tuesday, but flat to rising points still outnumbered falling ones by about two-to-one.

December 6, 2010

Futures Gyrate on ‘Neutral’ Storage Injection

After working down toward $4 in early Thursday trading, June natural gas futures were temporarily buoyed after the Energy Information Administration (EIA) reported that 76 Bcf was injected into underground storage for the week ending May 14. The prompt-month contract finished the day at $4.106, down 5.2 cents from Wednesday’s regular session close.

May 21, 2010

S&P Gives ‘A’ to Qatar LNG Expansion

U.S. receipt terminal operators may be buoyed by the Standard & Poor’s Ratings Services (S&P) announcement last Monday that it was giving an “A” credit rating to the expansion of liquefied natural gas (LNG) liquefaction facilities in Qatar, which could become an increasingly important supplier to the United States. S&P placed a “stable” outlook on the Qatari government and ExxonMobil joint venture developing LNG processing infrastructure, Ras Laffan LNG Co.

October 5, 2009

S&P Likes Qatar LNG Production Expansion

U.S. receipt terminal operators may be buoyed by the Standard & Poor’s Ratings Services (S&P) announcement Monday that it was giving an “A” credit rating to the expansion of liquefied natural gas (LNG) liquefaction facilities in Qatar, which could become an increasingly important supplier to the United States. S&P placed a “stable” outlook on the Qatari government and ExxonMobil joint venture developing LNG processing infrastructure, Ras Laffan LNG Co.

October 1, 2009
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