Butter

Natural Gas, Wind Said Ideal Texas Power Team

In Texas, natural gas and renewable resources are the energy industry’s peanut butter and jelly, according to a new report paid for by a foundation that bears the name of a shale gas patch pioneer. Free wind and solar need natural gas-fueled generators to back them up, and renewables are cheaper to dispatch than fossil-fueled power sources.

June 17, 2013

Natural Gas, Wind Seen as Ideal Texas Power Team

In Texas, natural gas and renewable resources are the energy industry’s peanut butter and jelly, according to a new report paid for by a foundation that bears the name of a shale gas patch pioneer. Free wind and solar need natural gas-fueled generators to back them up, and renewables are cheaper to dispatch than fossil-fueled power sources.

June 13, 2013

Wells Shut After New York Town’s ‘Ludicrous’ Moratorium

Just days after a town in western New York adopted a one-year moratorium on oil and natural gas activities, the town’s only operator made a rare move and decided to shut down its wells and pipelines there, halting royalty payments and free natural gas to landowners.

July 11, 2012

El Paso Beats the Street in 3Q; Pipe Profit up 12%

Driven by strong results from its bread-and-butter natural gas pipelines and a 99% success rate in exploratory drilling, El Paso Corp. last week delivered 18 cents/share quarterly profit, two cents ahead of Wall Street expectations, and well ahead of the 50 cents/share loss a year earlier. Net income climbed to $126 million, versus a loss of $321 million in 3Q2005, and operating revenue rose 41% to $1.06 billion from $752 million.

November 13, 2006

El Paso Beats the Street in 3Q; Pipe Profit up 12%

Driven by strong results from its bread-and-butter natural gas pipelines and a 99% success rate in exploratory drilling, El Paso Corp. delivered 18 cents/share quarterly profit on Monday, two cents ahead of Wall Street expectations, and well ahead of the 50 cents/share loss a year earlier. Net income climbed to $126 million, versus a loss of $321 million in 3Q2005, and operating revenue rose 41% to $1.06 billion from $752 million.

November 7, 2006