Apache Corp.’s conservative spending strategy and solid credit rating have proved a powerful tonic as the financial markets began to panic, CEO G. Steven Farris said Thursday.
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Deutsche Bank Offers Sober Assessment of Gas Markets through 2009
The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.
Deutsche Bank Offers Sober Assessment of Gas Markets through 2009
The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.
Despite Upsets, API Reports Strong Third-Quarter Drilling Pace
Despite the havoc wreaked by the twin Gulf of Mexico hurricanes and the upheaval in the credit markets, third-quarter oil and natural gas production oupaced year-ago levels and second-quarter activity, the American Petroleum Institute (API) reported Friday.
California Regulators Extend Utility Finance Limits
Watching the Wall Street credit meltdown and its aftermath, California regulators last Thursday expanded financing limits on the state’s two largest private-sector utilities — Pacific Gas and Electric Co. (PG&E) and Southern California Edison Co. (SCE).
California Regulators Extend Utility Finance Limits
Watching the Wall Street credit meltdown and its aftermath, California regulators Thursday expanded financing limits on the state’s two largest private-sector utilities — Pacific Gas and Electric Co. (PG&E) and Southern California Edison Co. (SCE).
Financial Meltdown Claims Georgia Gas Marketer
Georgia natural gas marketer Catalyst Energy Group and two affiliates have filed for Chapter 11 bankruptcy protection after losing a required credit line and contracted fuel supply.
Constellation, Louis Dreyfus Show Greatest Gains in Marketing Volumes
While natural gas marketers overall registered an approximate 12% gain in volumes sold in NGI’s 1Q2008 marketer survey over year-ago totals, Constellation Energy Group, now fourth in the marketer listings, and Louis Dreyfus Energy Services LP, now in sixth place, reported remarkable sales volume gains of 54% and 68%, respectively. Shell Energy North America, Nexen Inc. and Tenaska Marketing Ventures all reported sales volume increases of more than 20%, while Chesapeake Energy Corp. and XTO Energy Inc. both had sales that were up by 32% over 1Q2007.
Constellation, Louis Dreyfus Show Greatest Gains in Marketing Volumes
While natural gas marketers overall registered an approximate 12% gain in volumes sold in NGI’s 1Q2008 marketer survey over year-ago totals, Constellation Energy Group, now fourth in the marketer listings, and Louis Dreyfus Energy Services LP, now in sixth place, reported remarkable sales volume gains of 54% and 68%, respectively. Shell Energy North America, Nexen Inc. and Tenaska Marketing Ventures all reported sales volume increases of more than 20%, while Chesapeake Energy Corp. and XTO Energy Inc. both had sales that were up by 32% over 1Q2007.
Upside Seen for Upstream MLPs
Upstream master limited partnerships (MLP) have suffered from the credit crisis along with all high-yield securities, but the distributions from companies in this sector are backed by “solid” oil and natural gas production and cash flows, which will only increase over time, said energy analysts in a note to clients.