Cash

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

U.S. exploration and production (E&P) management teams expect their biggest hurdles this year will be rising service costs and an effort to thrive within cash flow, according to a survey by Raymond James & Associates Inc.

WPX Energy Inc. has struck a $775 million agreement to bolt on more West Texas land to increase its Permian Basin portfolio to 120,000-plus net acres.

The domestic oil and natural gas industry likely will see “massive” cash flow increases over the coming years, as the two-year mentality to shrink rapidly shifts back to growth.

The global exploration and production (E&P) sector is on pace for major underinvestment through 2020, as companies use cash flows to shore up their balance sheets, according to a report released Wednesday by Deloitte LLP.

Natural gas and unconventionals are taking a backseat at Royal Dutch Shell plc in the near term as it turns its focus to “cash engines,” driven by deepwater and petrochemicals opportunities, the global producer said Tuesday.

After carrying a “AAA” credit rating for more than 66 years, ExxonMobil Corp. was brought down a notch by Standard & Poor’s Ratings Services (S&P) on Tuesday, citing expectations for continuing low oil and natural gas prices, high reinvestment requirements and large dividend payments.

After carrying a “AAA” credit rating for more than 66 years, ExxonMobil Corp. was brought down a notch by Standard & Poor’s Ratings Services (S&P) on Tuesday, citing expectations for continuing low oil and natural gas prices, high reinvestment requirements and large dividend payments.