October natural gas tacked on another healthy gain Wednesday and settled above $4 as traders noted considerable angst among holders of short positions feeling that they did not want to get caught on the wrong side of any market move higher. At the close October had risen 5.9 cents to $4.039 and November had gained 6.3 cents to $4.117. October crude oil dropped for the day by $1.30 to $88.91/bbl.
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Talisman Slashes Dry Gas Spending by 35%
Talisman Energy Inc. plans to trim capital spending in its North American dry gas plays by 35% year/year to capitalize on higher oil prices.
January 17, 2011
Chevron to Sustain Gas Investments, Says Exec
Natural gas is an increasingly important part of Chevron Corp.’s business, and the company plans to make considerable and sustained investments — even during recessions — to ensure its worldwide projects’ success, a company executive said last week.
October 12, 2009
Chevron Plans to Sustain Natural Gas Investments, Says Exec
Natural gas is an increasingly important part of Chevron Corp.’s business, and the company plans to make considerable and sustained investments — even during recessions — to ensure its worldwide projects’ success, a company executive said Wednesday.
October 9, 2009
Energy Deals Sizzle in ’08, but Values Fizzle by Year End
Last year’s global natural gas and oil transactions hit a record, but the late-year financial crisis and falling economic conditions resulted in a considerable reduction in the total value of transactions by year’s end, PricewaterhouseCoopers LLP (PwC) reported last week.
March 2, 2009
Energy Deals Hit Record in ’08, but Value Fizzled
A record number of global oil and natural gas transactions occurred in 2008, but the financial crisis and economic conditions resulted in a considerable reduction in the transactions’ total value by year’s end, according to a report by PricewaterhouseCoopers LLP (PwC).
February 24, 2009
Bakken Shale Draws Growing Number of Prospectors
The ballyhooed Bakken Shale has taken on renewed interest for its oil reserves as prices continue to climb, but it also holds a considerable amount of natural gas, which has drawn the attention by a growing number of prospectors.
May 28, 2008
Paramount to Spin Off Mackenzie Valley Assets to Expand Exploration
Calgary-based Paramount Resources Ltd. is spinning off its considerable Far North exploration assets in the Mackenzie River Valley as part of a long-range plan to finance growing exploration prospects there.
October 23, 2006
Paramount to Spin Off Mackenzie Valley Assets to Expand Exploration
Calgary-based Paramount Resources Ltd. plans to spin off its considerable Far North exploration assets in the Mackenzie River Valley as part of a long-range plan to finance growing exploration prospects there.
October 23, 2006
NGI The Weekly Gas Market Report
Congressional Activity on Expanded OCS Leasing, ANWR Mounts, But Hurdles Remain
There was considerable activity and noise in both the House and Senate last week to open up additional areas — the federal Outer Continental Shelf (OCS) and the coastal plain of the Arctic National Wildlife Refuge (ANWR) — to oil and natural gas exploration and production. But it still remains to be seen whether this will translate into concrete action by lawmakers this year.
October 31, 2005
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