The CEO of Houston-based W&T Offshore Inc. said the company has turned a corner to profitability and will be building its cash position in anticipation of bargains to come. Targets for acquisition will need to contribute to cash flow, he said.
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W&T Offshore CEO Anticipates Buying Opportunities
The CEO of Houston-based W&T Offshore Inc. said the company has turned a corner to profitability and will be building its cash position in anticipation of bargains to come.
Prices Change Little; Tropical Depression No Threat
Other than being another reminder that the start of the Atlantic hurricane season is just around the corner, development of the year’s first tropical depression Thursday was a total nonevent for the gas market. The news came well after cash traders had finished their deals; July futures had already been soaring in response to a modestly bullish storage report; and the system is not expected to approach land anywhere.
NOAA Forecasts ‘Near-Normal’ or ‘Above-Normal’ Hurricane Season
With the official start of the 2008 Atlantic hurricane season right around the corner on the first of June, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center (CPC) straddled the fence Thursday in its forecast by announcing that projected climate conditions point to a near-normal or above-normal hurricane season in the Atlantic Basin this year.
NOAA Forecasts ‘Near-Normal’ or ‘Above-Normal’ Hurricane Season
With the official start of the 2008 Atlantic hurricane season right around the corner on the first of June, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center (CPC) straddled the fence late last week in its forecast by announcing that projected climate conditions point to a near-normal or above-normal hurricane season in the Atlantic Basin this year.
Atlantic Rim, Southeast Wyoming a Niche for CBM Developers
With drilling programs beginning to hit their stride in the once contested Atlantic Rim leasehold and across the southeastern corner of Wyoming, small and large exploration and production (E&P) companies are stepping up their coalbed methane (CBM) programs in the Greater Green River Basin to take advantage of the Rockies Express Pipeline (REX) and sharply higher natural gas prices.
Atlantic Rim, Southeast Wyoming a Niche for CBM Developers
With drilling programs beginning to hit their stride in the once contested Atlantic Rim leasehold and across the southeastern corner of Wyoming, small and large exploration and production (E&P) companies are stepping up their coalbed methane (CBM) programs in the Greater Green River Basin to take advantage of the Rockies Express Pipeline (REX) and sharply higher natural gas prices.
British Columbia Shale Gas Potential Draws Apache, Others
The commercial success of natural gas shale plays in the United States has producers large and small eyeing the potential of gas shale that covers the northeastern corner of British Columbia, which may hold 250-1,000 Tcf of gas in place.
BLM Reconsiders Leasing Plan in Northeastern North Slope Area
The Bureau of Land Management (BLM) in Alaska is cautiously moving ahead on a plan that could lead to oil and natural gas leasing in an environmentally sensitive corner of the National Petroleum Reserve-Alaska (NPR-A) by late next year.
BLM Reconsiders Leasing Plan in Northeastern North Slope Area
The Bureau of Land Management (BLM) in Alaska is cautiously moving ahead on a plan that could lead to oil and natural gas leasing in an environmentally sensitive corner of the National Petroleum Reserve-Alaska (NPR-A) by late next year.