Consol Energy Inc. and Dominion announced a deal last week that will catapult Consol Energy to the “largest, most profitable Appalachian gas producer” and put it in the upper tier of unconventional gas reserves holders.
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EEA: Gas Prices Likely to Top $7 in 2005
Gas prices are likely to average $6.10 at the Henry Hub this year and catapult over the $7 mark in 2005, according to consultants at Energy and Environmental Analysis Inc. in Arlington, VA. EEA said in a report Wednesday that despite adequate storage injections and average working gas levels, it expects prices for the rest of the injection season to average $6.45 at the Henry Hub.
July 23, 2004
May Futures Prices Catapult Higher, Break $2.50
The May Nymex contract soared to unprecedented heights onTuesday, thanks to an 11.3 cent surge that left the contract at$2.522. May posted a high of $2.53, which is a source said is thetop of a long term technical trading formation. The fact that Maysettled so close to that high price is a bullish sign, he said, andfor that reason, he believes May has a good shot at moving to itsnext resistance level of $2.58 when trading resumes today.
April 1, 1998
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