Buyers

Northeast, Great Lakes Lead Broad Decline; Futures Inch Higher

Cash natural gas prices skidded overall an average of 10 cents Monday as forecasts for mild temperatures and weakening power prices kept buyers at bay. Northeast points were particularly hard hit, but eastern and Great Lakes locations were also pummeled. At the close of trading January futures had managed a gain of 3.0 cents to $3.591 and February had risen 3.1 cents to $3.615. January crude oil added 18 cents to $89.09/bbl.

December 4, 2012

Nearly All Points Tumble as Bearish Stars Align; January Also Falls

Physical natural gas prices on average lost a whopping 36 cents Friday as the normal reluctance of buyers to commit to weekend gas was compounded by a weak screen, near-record gas in inventories, forecast warmth for the upcoming week in major energy markets and reports of ever-higher domestic production.

December 3, 2012

FERC: More, Cheaper Gas for Winter

Since last year, gas supplies are higher, prices are lower, the forward curve is friendlier to buyers, but winter is still a wild card, FERC staff told the Commission last Thursday during the Winter 2012-2013 Energy Market Assessment presentation.

November 19, 2012

Lots of Cheaper Gas for Winter, But New England a Worry, Says FERC Staff

Since last year, gas supplies are higher, prices are lower, the forward curve is friendlier to buyers, but winter is still a wild card, FERC staff told the Commission Thursday during the Winter 2012-2013 Energy Market Assessment presentation.

November 16, 2012

Chesapeake Markets Granite Wash, Hogshooter Acreage

Chesapeake Energy Corp. is looking for buyers for some land in Western Oklahoma’s emerging Granite Wash and Hogshooter plays, according to Meagher Energy Advisors.

October 12, 2012

Weak Northeast Leads Broad Decline; Futures Sink

Cash markets overall swan-dived an average 17 cents Friday as the usual suspects of an uninspired corps of weekend buyers joined forces with a mild weather outlook and a weak screen to send weekend and Monday gas sharply lower.

September 10, 2012

Gains Aplenty Outside of Northeast; Futures Almost Break $3

Physical prices rose overall on average by about 12 cents Thursday as buyers reported stout power burn requirements. Gains were widespread with West Coast power requirements advancing and the only weakness shown by a handful of Northeast locations.

July 20, 2012

Post-Gulf Blowout, Anadarko Touts U.S. Shales, African LNG

Saying it has put last year’s Gulf of Mexico (GOM) deepwater well blowout with BP plc behind them, Anadarko Petroleum Corp. senior officials Tuesday tried to look past third quarter red ink to what they consider hot domestic shale and African liquefied natural gas (LNG) prospects.

November 3, 2011

Louisiana’s Latest Lease Sale Tilts Southward

Louisiana’s Mineral and Energy Board collected more than $11.5 million in bonuses in its March lease sale in which buyers heavily favored tracts in South Louisiana as opposed to the northern part of the state.

March 15, 2011

Chevron Grabs Million-Plus Acres in U.S. Shale Basins

Chevron Corp., which had eschewed domestic shale plays in favor of the deepwater, on Tuesday reversed course, agreeing to pay a total of $4.3 billion to acquire Atlas Energy Inc.’s million-acre-plus U.S. shale leasehold.

November 10, 2010