December natural gas made its debut as the spot futures contract by bounding higher Friday as traders cited the inevitability of weather-generated demand, and follow-the-leader-like buying as prices moved higher on heavy volume. At the close December had gained 15.9 cents to $3.923 and January was up 14.6 cents to $4.042. December crude oil digested a portion of Thursday’s large gains and settled 64 cents lower at $93.32/bbl.
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Futures, Limited Cold Boost Prices at Most Points
With some help from a 13.3-cent gain Friday in the prompt-month debut by April futures and colder forecasts for most territory east of the Mississippi River, prices firmed at nearly all points Monday. The restoration of industrial load following its usual weekend decline also contributed to the overall advance.
EnCana Makes Debut in Marcellus Formation
EnCana Oil and Gas (USA), the Denver-based subsidiary of one of the leading natural gas producers in North America, has partnered with Denver-based producer WhitMar Exploration to make its debut in the Marcellus Shale play in Pennsylvania.
EnCana Makes Debut in Marcellus Formation
EnCana Oil and Gas (USA), the Denver-based subsidiary of one of the leading natural gas producers in North America, has partnered with Denver-based producer WhitMar Exploration to make its debut in the Marcellus Shale play in Pennsylvania.
Anadarko’s Midstream Partnership Debuts
Western Gas Partners LP, the midstream partnership formed last year by Anadarko Petroleum Corp., had a modest debut Friday in an overall down day for the stock market. The initial public offering (IPO) opened and closed at the same price: $16.50/unit.
Anadarko 3Q Benefits From Kerr-McGee, Western
The former Kerr-McGee Corp. and Western Gas Resources Inc. made their debut in Anadarko Petroleum Corp.’s quarterly results to stunning effect last week. The Houston-based producer reported 3Q net income of $1.46 billion ($3.15/share), up from $596 million ($1.25/share) in the year-ago period.
Kerr-McGee, Western Star in Anadarko’s Banner 3Q
The former Kerr-McGee Corp. and Western Gas Resources Inc. made their debut in Anadarko Petroleum Corp.’s quarterly results to stunning effect late Monday. The Houston-based producer reported 3Q net income of $1.46 billion ($3.15/share), up from $596 million ($1.25/share) in the year-ago period.
NGI The Weekly Gas Market Report
Winter Cold to Impact East This Week as Jet Stream Dips
Winter looks like it will finally make its debut in earnest this week, more than a month after the season’s official start date. With cold temperatures expected to blanket much of the country, the potential impact on the natural gas industry has people wondering how long the cold will stay and just how cold it will be.
Winter Cold to Impact East Next Week as Jet Stream Dips
Winter looks like it will finally make its debut in earnest next week, more than a month after the season’s official start date. With cold temperatures expected to blanket much of the country next week, the potential impact on the natural gas industry has people wondering how long the cold will stay and just how cold it will be.
Futures Climb 10.2 Cents as the East Bundles Up
After the January contract gapped 26.6 cents higher to open at $11.900 on Tuesday in its debut as the prompt month, the contract felt its way around, bouncing within a range from $11.670 to $12.150 before settling at $11.736, up 10.2 cents for the day.