Trying to capitalize on the momentum of Tuesday’s significant gains, bulls made a run at $8 in natural gas futures Wednesday only to rebuffed. May natural gas recorded a high of $8.010 before settling the day at $7.855, down 1.4 cents from Tuesday’s trading.
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Devon Readies to Capitalize on More Deepwater Prospects
Devon Energy Corp. has signed another long-term contract for a second semisubmersible drilling rig in the Gulf of Mexico (GOM), signaling its intentions to capitalize on potential resource prospects in the deepwater.
Futures Settle Near Unchanged While Weather Picture Develops
Unable to capitalize and build on Monday’s 78.5-cent jump in November natural gas futures, traders on Tuesday explored both higher and lower price levels before the contract returned to settle near unchanged. The prompt month settled less than a penny lower at $6.442.
Devon Readies to Capitalize on Deepwater Prospects with Rig Contracts
Devon Energy Corp. has signed another long-term contract for a second semisubmersible drilling rig in the Gulf of Mexico (GOM), signaling its intentions to capitalize on its potential, resource prospects.
April Futures Remain Stuck Within 25-Cent Range as Funds Seen Making Seasonal Turn
After trading significantly lower in overnight Nymex Access activity, April natural gas futures went on to set a session low of $6.63 on Monday morning, giving the appearance that the $6.55 support level of the current futures range could be in danger. Despite the scare, the prompt month rebounded in the afternoon to finish the day at $6.714, down 3 cents on the day.
ExxonMobil, Apache Announce Sweeping North American E&P Agreement
ExxonMobil Corp. and Apache Corp. last week announced a joint exploration and production agreement to capitalize on their strengths and assets both onshore and offshore North America. Among other things, Apache will take over ExxonMobil’s 28 producing oil and gas fields in West Texas and New Mexico and begin exploration of 300,000 undeveloped acres in Alberta.
ExxonMobil, Apache Announce Sweeping North American E&P Agreement
ExxonMobil Corp. and Apache Corp. on Monday announced a joint exploration and production agreement to capitalize on their strengths and assets both onshore and offshore North America. Among other things, Apache will take over ExxonMobil’s 28 producing oil and gas fields in West Texas and New Mexico and begin exploration of 300,000 undeveloped acres in Alberta.
BC Government Looks to Open Western Offshore Drilling
Amid preparations for spring public hearings, a British Columbia government eager to capitalize on strong natural gas markets has put out a reminder that a formula has already been found once for opening up the West Coast of Canada to offshore drilling.
BC Government Looks to Open Western Offshore Drilling
Amid preparations for spring public hearings, a British Columbia government eager to capitalize on strong natural gas markets has put out a reminder that a formula has already been found once for opening up the West Coast of Canada to offshore drilling.
EIA Reports Large Storage Revision; Market Bears Capitalize
Employing its new methodology announced last week, the Energy Information Administration (EIA) on Thursday revised 16 weeks of storage data going back to July 4. The net effect of that revision was to increase the estimated amount of gas in storage by 38 Bcf. Add in the 55 Bcf weekly injection also released Thursday, and storage now stands at 3,121 Bcf — 93 Bcf above the level EIA reported a week ago.