Caught

A natural gas well in Utah owned by Devon Energy Corp., which apparently caught fire just after midnight Tuesday, may take up to a week to extinguish, said authorities.

Natural gas liquids (NGL) prices have been under pressure for a while, but some might be caught off guard by continuing weakness in the NGL sector, cautioned analysts at Wells Fargo Securities in a note Tuesday.

As producers turned up the volume on their opposition to the federal government’s regulation of hydraulic fracturing (fracking) on public lands, they caught a break in the long-awaited proposed rule that the Interior Department’s Bureau of Land Management (BLM) issued Friday.

As producers turned up the volume on their opposition to the federal government’s regulation of hydraulic fracturing (fracking) on public lands, they caught a break in the long-awaited proposed rule that Interior Department’s Bureau of Land Management (BLM) issued Friday.

As producers turned up the volume on their opposition to the federal government’s regulation of hydraulic fracturing (fracking) on public lands, they caught a break in the long-awaited proposed rule that Interior Department’s Bureau of Land Management (BLM) issued Friday.

All cash points retreated Tuesday with most sliding in double-digits as the physical market caught up with Monday’s late-session slide in futures and adjusted for continued weather moderation for much of March.

Physical and futures prices both registered double-digit losses on the final day of bidweek Tuesday as cash prices caught up with the late-session futures slide on Monday, and futures just kept trekking lower Tuesday as the market couldn’t shake the ongoing dynamics of ever-increasing storage surpluses and forecasts of mild weather expected to prolong the pounding market bulls have been taking.

Wisconsin seems caught right in the middle of current economic woes — not as well off as some Upper Midwest states, but decidedly better off than Michigan, its neighbor across the Great Lakes — and Wisconsin Energy Corp. (WEC) sees continuing signs of slow recovery of the industrial sector, according to CEO Gale Klappa.

The Bureau of Land Management (BLM) has lifted suspensions on 45 oil and natural gas leases in Montana that were caught up in the controversy over the impact of drilling on climate change (see Daily GPI, April 13).