Domestic exploration and production (E&P) companies often spend too much money and in turn deplete company value by chasing growth, acreage and reserves when they instead should focus on efficiency, returns and margins, the energy team at Tudor, Pickering, Holt & Co. Inc. (TPH) said Tuesday.
Articles from Chasing
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.
Pipeline companies have scores of projects on the drawing board to export gas from the prolific Rocky Mountains region, but they are awaiting firm producer and customer commitments before going ahead with them, according to pipe executives.
Pipeline companies have scores of projects on the drawing board to export gas from the prolific Rocky Mountains region, but they are awaiting producer and customer commitments before going ahead with them, according to pipe executives.
After weeks of flirting with the $6 resistance level, May natural gas futures finally broke it Monday, spending a majority of the day above May’s previous high of $5.99, which was set on April 1. The prompt month settled at $6.009, up 6.8 cents on the day, while trading within the $5.890-6.030 range.
Cash was basically “chasing” the screen Thursday, a marketersaid. Although overall numbers were down by a nickel or more atnearly all points, prices were rebounding in late activity aftertraders saw the Henry Hub futures contract for May overcome anearly dip and head back up.