Preliminary work that stops short of physical construction can continue on the hotly contested Keystone XL pipeline project while a court-ordered additional environmental assessment proceeds, Montana District Judge Brian Morris ruled on Thursday.
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Risk Managers Looking to Sell as Market Slips; May Called 3 Cents Lower
May natural gas is expected to open 3 cents lower Monday morning at $3.07 as market fundamentals and now technicals portend lower prices. Overnight oil markets rose.
Weather Models In Greater Agreement; April Called 4 Cents Lower
April natural gas is set to open 4 cents lower Thursday morning at $1.64 as weather models are in greater agreement on forecast warm patterns and traders hone short-term trading algorithms in preparation for the release of government storage figures. Overnight oil markets fell.
Bulls Can’t Escape Mild Temperature Forecasts; January Called 3 Cents Lower
January natural gas is set to open 3 cents lower Wednesday morning at $2.20 as forecasters continue to see no immediate link to market-moving cold Canadian air trapped at higher latitudes. Overnight oil markets eased.
‘Conservative’ Market Poised to Test $3, Analyst Says; August Called Flat
August natural gas is expected to open unchanged at $2.88 Wednesday morning as analysts suggest that a short-covering rally could send prices to, if not past, the $3 threshold. Overnight oil markets were lower.
MDU Still Focused on Oil/Gas E&P Despite Eventual Sale, Execs Say
While it plans to exit the oil/natural gas exploration/production (E&P) sector, MDU Resources Group Inc. is still focused on ongoing drilling programs and will begin hydraulically fracturing (fracking) wells in the Paradox Basin, executives said.
Technical Traders Await Breakout; May Called Flat
May natural gas is expected to open unchanged Friday morning at $4.70 as a neutral technical picture offsets a supportive supply dynamic. Overnight oil markets were narrowly mixed.
Marcellus Shale Coalition CEO Klaber Resigning
Kathryn Klaber, who has helmed the industry-led Marcellus Shale Coalition (MSC) as CEO for almost four years, is stepping down, she said Friday.
Flat Basis, Power Demand Need Rethink by NatGas Pipes, Say Experts
Power generation will continue to grow in importance to the natural gas market. Reliably connecting gas supply to power plants in the years ahead will take more than synchronizing the gas and power days; a capital-intensive infrastructure buildout is necessary, as is new thinking on the part of pipelines, industry executives said in Houston last Thursday.
Forest Oil Offering Texas Panhandle Properties
Denver-based Forest Oil Corp. said Monday it will market its Texas Panhandle oil and gas assets after having received unsolicited interest in the properties. A deal could garner $1 billion or more and would be “transformative” for the company, one analyst said.