Around the middle of the year, SM Energy Co. management will have a clearer picture of how to allocate spending among a number of opportunities as it targets annual production growth of 15-20% over the next three years, executives said during a conference call Wednesday.
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SM Energy’s Eagle Ford Matures as New Ventures Eyed
Around the middle of the year, SM Energy Co. management will have a clearer picture of how it will allocate its spending among a number of opportunities as it targets annual production growth of 15-20% over the next three years, executives said during a conference call Wednesday.
Court Orders FERC to Explain Williston Basin Ruling
A federal appeals court in Washington, DC, last Tuesday sent back 2005-2006 orders to FERC for a clearer understanding of why the agency had modified a shipper’s contract with Williston Basin Interstate Pipeline Co. to allow it to resell transportation capacity.
Court Orders FERC to Explain Williston Basin Ruling
A federal appeals court in Washington, DC, Tuesday sent back 2005-2006 orders to FERC for a clearer understanding of why the agency had modified a shipper’s contract with Williston Basin Interstate Pipeline Co. to allow it to resell transportation capacity.
Bank of Montreal Review Increases Losses to C$680 Million
With the dust now settling and the facts coming into clearer focus following the Bank of Montreal’s (BMO) announcement late last month of significant losses on natural gas trades, the fourth largest Canadian bank warned investors Thursday that its initial report of losses from “out-of-the-money options” of between C$350 million and C$450 million (US$313.70 million to US$403.33 million) has been increased to C$680 million (US$623.80 million).
Bank of Montreal Ups Losses to C$680M; Optionable in Turmoil
With the dust now settling and the facts coming into clearer focus following the Bank of Montreal’s (BMO) announcement late last month of significant losses on natural gas trades, the fourth largest Canadian bank warned investors Thursday that its initial report of losses from “out-of-the-money options” of between C$350 million and C$450 million (US$313.70 million to US$403.33 million) has been increased to C$680 million (US$623.80 million).
NGI The Weekly Gas Market Report
Slow Restoration Continues; Analysts Say Shortage Warnings Premature
The extent of the damage from Katrina became a little clearer last week, but predictions on how long the repair process will take and when full production will be restored varied widely. Secretary of Energy Samuel Bodman and Interior Secretary Gail Norton, who toured the damaged area in the Gulf Coast region on Tuesday, warned that natural gas shortages are possible this winter, but analysts interviewed by NGI predicted high prices likely would balance supply and demand.
NU Earnings Fall Short After Special Charges
Consolidated Edison’s reservations about a merger with Northeast Utilities (NU) seem a bit clearer now following NU’s latest financial report of a 29% drop in first quarter earnings. The New England combination utility company’s results came in well short of Wall Street expectations. After non-recurring charges, NU earnings were $53.2 million, or $0.36 per share, compared with $74.6 million, or $0.55 per share, for the same period in 2000.
NU Earnings Fall Short After Special Charges
Consolidated Edison’s reservations about a merger with Northeast Utilities (NU) seem a bit clearer now following NU’s latest financial report of a 29% drop in first quarter earnings. The New England combination utility company’s results came in well short of Wall Street expectations. After non-recurring charges, NU earnings were $53.2 million, or $0.36 per share, compared with $74.6 million, or $0.55 per share, for the same period in 2000.
Basis Blowout, Demand Surge Make Strong Case for New Capacity
It’s clearer now than ever before that significant additionalcapacity is needed to the Northeast, said Millennium PipelineChairman David Pentzien.