Draws

Futures Rebound Ahead of Delayed Storage Draw Report

Sparked by eastern cold and the expectation of significant natural gas storage draws in the near future, March natural gas futures on Thursday rebounded to claim a 10.4-cent gain and closed the regular session at $5.396.

February 12, 2010

Futures Rebound Ahead of Delayed Storage Draw Report

Sparked by eastern cold and the expectation of significant natural gas storage draws in the near future, March natural gas futures on Thursday rebounded to claim a 10.4-cent gain and closed the regular session at $5.396.

February 12, 2010

After Tough Year, Stone Energy Poised to Take A Breather

As 2006 draws to a close the management and staff at Lafayette, LA-based independent Stone Energy Corp. are saying goodbye to what they likely will remember as the company’s annus horribilis.

December 18, 2006

Portland General Never Really Fit in Enron, CEO Says

As the once halcyon Enron era draws to a conclusion in a Houston federal court room, 2,000 miles to the northwest at the Oregon headquarters of Portland General Electric (PGE) utility employees are rubbing their eyes and wondering if it was all real — those eight years as a subsidiary of Enron Corp.

May 25, 2006

Enron Judge Cautions Against Gossip in Skilling, Lay Trial

As the trial for former Enron Corp. founder Kenneth Lay and CEO Jeffrey Skilling draws closer, U.S. District Judge Sim Lake signaled he plans to let the opposing parties put on their respective cases — without a lot of innuendo and gossip. The case, which is scheduled to begin Jan. 30, will exclude tapes from ex-Enron traders joking about stealing money from California grandmothers, and it will not include former CFO Andrew Fastow’s apparent penchant for viewing pornography on his company computer.

January 17, 2006

As Ivan Nears, Wood Says Standards of Conduct Take Back Seat to Reliability

As Ivan draws closer to the Gulf of Mexico, posing a threat to both the electrical and natural gas infrastructures along the coast, FERC Chairman Patrick Wood on Wednesday said the agency will give regulated energy companies more time to report infractions of the Commission’s standards of conduct that may occur during their efforts to maintain system reliability.

September 16, 2004

Terrible Ivan Draws Market’s Attention; Cash Prices Move Up 10-20 Cents

As Frances was breaking apart over Georgia and the Carolinas Tuesday, all eyes in the gas market quickly turned to Hurricane Ivan, which the National Hurricane Center (NHC) indicated may take a track similar to, but more westerly than, recent Hurricane Charley into the eastern Gulf of Mexico, possibly disrupting gas and oil production.

September 8, 2004

Western GOM Sale Draws $1.97M in Bids

Oil and gas producers on Wednesday submitted 421 bids totaling $197.395 million for a chance to explore in the Western Planning Area of the Gulf of Mexico (GOM) in the Minerals Management Service (MMS) Lease Sale 192. Forty-five companies bid on 351 tracts, with most of the bids directed toward leases in shallow water. MMS estimates that production from the sale could result in 136-262 million barrels of oil and 0.81-1.44 Tcf of natural gas.

August 23, 2004

Shell’s Annual Meeting Draws Some Disgruntled Shareholders

At its annual general meeting last week, Royal Dutch/Shell Group shareholders easily approved all of the resolutions on the group’s ballot, but voting indicated that many would like some management practices to change.

July 5, 2004

Utah Lease Sale Draws Record Bid Totals

The Utah office of the Bureau of Land Management (BLM) reported that its June oil and gas lease sale on June 25 was the largest ever in the state both in terms of acres leased and total bids received. BLM leased 123 parcels consisting of 203,077 acres, and the sale netted $9.95 million.

July 5, 2004
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