A Rockies producer had a pithy description of the current gas market: “It stinks!” Industrial firms that use gas as a feedstock and almost everyone enjoying lower gas bills might disagree, but it’s likely that many others in the gas industry also would prefer a sweeter-smelling market.
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Cash Decline Resumes on Mild Weather, ‘No Demand’
After enjoying a one-day national rebound in natural gas cash averages on Thursday, values were tugged lower on Friday as traders were unable to ignore Thursday’s futures plunge.
Fitch: Cheap U.S. Ethane Trend to Continue
The North American chemical sector has been enjoying the consequences of the boom in liquids-rich shale gas plays. And an abundance of natural gas liquids (NGL), particularly ethane, is likely to continue, according to an analysis by Fitch Ratings.
Fitch: Cheap U.S. Ethane Trend to Continue
The North American chemical sector has been enjoying the consequences of the boom in liquids-rich shale gas plays. And an abundance of natural gas liquids (NGL), particularly ethane, is likely to continue, according to an analysis by Fitch Ratings.
It’s Spring, But Winter Still Has Price-Lifting Kick
The transition to spring may have officially occurred Sunday, and sources indicated that many people were enjoying the appropriate weather. But there seems to be some trouble getting Old Man Winter off the seasonal stage, as a significant winter storm bearing snow starts moving westward from the Plains into the Midwest as early as Tuesday. From there colder conditions will continue spreading through the Northeast and eventually the South.
Analyst: Shale Gas Not an Overnight Remake for Majors
Unconventional natural gas — most notably that found in shale rock — is transforming the gas industry. It will be transformational for major international oil companies, too. But that won’t happen right away, according to an analysis by consultant Wood Mackenzie.
REX Delivering Better Prices to Bill Barrett
Rockies producer Bill Barrett Corp. is among those enjoying higher netbacks on the back of Rockies Express Pipeline (REX)-West, as well as colder weather in the region. Executives said last week they also are encouraged by the failure of coal-fired power generation to gain a foothold in the region.
REX Delivering Better Prices to Bill Barrett Corp.
Rockies producer Bill Barrett Corp. is among those in the region enjoying higher netbacks on the back of Rockies Express Pipeline (REX)-West, as well as colder weather in the region. Executives said Tuesday they also are encouraged by the failure of coal-fired power generation to gain a foothold in the region.
Alberta Seeing Diminished Flows From Revenue Tap
The Alberta government is spending more but enjoying it less after accepting industry projections of a steady decline ahead in natural gas production. While hiking spending by 10.7% to help services from schools to sewers catch up with growth lubricated by oilsands development, the province braced for erosion of gas as its biggest revenue earner.
Alberta Seeing Diminished Flows From Revenue Tap
The Alberta government is spending more but enjoying it less after accepting industry projections of a steady decline ahead in natural gas production. While hiking spending by 10.7% to help services from schools to sewers catch up with growth lubricated by oilsands development, the province braced for erosion of gas as its biggest revenue earner.