Talisman Slashes Capex 25% on Weak Natural Gas Prices

Talisman Energy Inc.’s North American production from ongoing operations experienced a healthy increase in 3Q2012, but weak natural gas prices have the company and its new CEO, Hal N. Kvisle, trimming capital expenses (capex) as part of a plan to run a more streamlined operation in 2013.

November 1, 2012

Marcellus-to-New York Pipeline Under Attack at FERC

The proposed Constitution Pipeline has come under attack at FERC from all directions, as landowners and federal officials call on the agency to consider alternatives and put the Marcellus-to-New York natural gas pipeline through a rigorous analysis.

October 15, 2012

Spectra Announces Marcellus Projects as Delay Threatens Another

In Appalachia, gas from the Marcellus Shale is pushing out in all directions. Producer demand for takeaway capacity is great, prompting Spectra to announce this week its Northeast Expansion Transmission (NEXT) project to serve markets in Eastern Canada and its Algonquin Incremental Market (AIM) project to meet New England demand with gas from Pennsylvania.

January 20, 2012

Mild Weather, Screen Extend Cash Softness

Battered by negative influences seeming to come from all directions — mostly mild to chilly (but not particularly cold) weather, weak prior-day futures, storage injection capacity growing ever tighter and any tropical storm threat to Gulf of Mexico production deemed unlikely for the rest of the season — the cash market fell at nearly all points Thursday.

September 30, 2011

Futures Fall as Traders Get Their Positions Straight Ahead of Holiday

The recent unpredictability of energy futures markets was on display yet again Wednesday as crude and natural gas broke ranks to explore different price directions. August crude gained $2.60 to close at $143.57/bbl, while August natural gas dropped 11.6 cents to finish at $13.389.

July 3, 2008

S&P Splits on NW Utilities: One Moves Up, One Out

A couple of Pacific Northwest utilities were sent in opposite directions by Standard & Poor’s Ratings Services Thursday as the credit rating agency boosted Spokane, WA-based Avista Corp. one notch to “BBB-” and Cascade Natural Gas Corp. was granted its request to withdraw its “BBB+” corporate and senior unsecured debt rating.

February 11, 2008

Futures Rebound to Settle North of $7 Again

Bringing to a close a week of large moves in both directions, February natural gas futures ended on a high note Friday. After recording a high of $7.190, the contract closed out the week 27 cents higher at $7.175, up 27 cents on the day and 28.9 cents higher than the previous Friday’s close. February options went off the board Friday and February futures will follow suit Monday.

January 29, 2007

Quiet Friday Caps Wild Week; Talk Continues on Hedge Fund’s Demise

After a tumultuous week that saw wide price swings in both directions, significant heat, the coming and going of a tropical storm and the demise of a prominent hedge fund, September natural gas futures on Friday took a much deserved rest, trading within a slim 22-cent range before settling at $7.246, down 4.6 cents on the day and 6.2 cents lower than the previous week’s finish.

August 7, 2006

Futures Finish Week 10.6 Cents Higher as Traders Await Cold Front

Despite enduring a topsy-turvy week of large swings in both directions, March natural gas futures finished the week within shouting distance of where they began. After hitting a high of $8.650 late in the afternoon, the prompt month settled at $8.613, up 26.6 cents on the day and 10.6 cents higher than the contract’s previous-week close.

February 6, 2006

Futures Tread Water Awaiting Storage Report

Failing to make up their mind on direction Tuesday, traders pushed February natural gas to a low on the day of $6.245 as of 11:30 a.m. (EST) before changing directions to explore higher.

January 26, 2005
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