Natural gas and oil well completions rose 39% to 6,936 duringthe third quarter compared to 5,000 well completions in the sameperiod a year ago, according to the American Petroleum Institute’s(API) Quarterly Well Completion Report.
Climb
Articles from Climb
Price Rise Slows as Storm Influence Wanes
Nearly all prices continued to climb Tuesday but at a slowerpace than on the day before. Few points advanced more than a dime,San Juan Basin and the Southern California border were flat, andSumas prices into Northwest saw the rare decline of about a nickel.
August 9, 2000
Storms, Heat and Storage Fuel More Futures Gains
Continuing its climb for the sixth day in a row yesterday onhurricane news and hot weather in the Northeast andMidcontinent/Midwest, September gas futures posted a 6.1-cent gainand ended the regular trading session at $4.409/MMBtu. The Octobercontract posted a 6.6 cent gain to $4.410 and November added 6cents to close at $4.450. Volume was 67,152.
August 9, 2000
Slow Climb of 35.5 Cents Puts Screen Back on High Road
The screen was back to putting on a spectacular show forwatchers again Monday. It took practically all day to get there,but the July futures contract kept pushing until it eventuallywound up at $4.398, up 35.5 cents on the day and just shy of thefinal June settlement at $4.406.
June 6, 2000
Canadian Exports Up 12.9% Since November
The optimists are turning out to be right as Canadian naturalgas exports to the United States continue to climb, laying to restpessimistic productivity forecasts a year ago.
June 1, 2000
Canadian Exports Up 12.9% Since November
The optimists are turning out to be right as Canadian naturalgas exports to the United States continue to climb, laying to restpessimistic productivity forecasts a year ago.
May 29, 2000
Mild Firmness Expected to Yield to Price Blowout
This week’s climb in the cash market slowed down Wednesday, butwatch out for the fireworks that are virtually a certainty today.
May 18, 2000
Specs, Storage Propel Futures to 30-Month High
Despite moderating temperatures and tumbling electric prices,natural gas futures continued to climb yesterday, punching throughstubborn resistance amid new speculative length and renewedconcerns that storage inventories are too low. Easily outpacing itsprior life-of-contract high at $3.24, the June contract rallied13.4 cents higher to finish at $3.317. In doing so, futures reachedtheir highest mark by a spot contract since November 1997.
May 11, 2000
Prices Continue to Climb But at Slower Rates
The uphill run of the overall market was still going for themost part Wednesday, but at a considerably slower pace than the daybefore as several areas anticipated at least a brief reprieve fromsevere winter weather.
January 27, 2000
Exxon Mobil Job Cuts Climb to 16,000
The axe fell last week on thousands more Exxon Mobil employeeswho will lose their jobs due to the merger that created the supermajor. The company said it will cut 16,000 jobs, about 15% of itsworkforce, by the end of 2002. Exxon and Mobil predicted job cutsof only 9,000 when they announced their merger a year ago. The $81billion deal was approved Nov. 30.
December 20, 1999
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