The East and West Coasts may not see any relief from escalating natural gas prices in the years ahead if they are successful in their efforts to block the construction of new liquefied natural gas (LNG) terminals in their areas, warned Sen. Pete Domenici (R-NM) Tuesday.
Tag / Escalating
SubscribeEscalating
Articles from Escalating
Magnum Hunter Ups GOM Drilling, Adds $50M to Budget
Magnum Hunter Resources Inc. is escalating its drilling efforts in the Gulf of Mexico (GOM) through the end of this year, and has boosted its 2003 capital budget by $50 million toward the effort.
Magnum Hunter Ups GOM Drilling, Adds $50M to Budget
Magnum Hunter Resources Inc. is escalating its drilling efforts in the Gulf of Mexico (GOM) through the end of this year, and has boosted its 2003 capital budget by $50 million toward the effort.
EIA: Low Storage/Production, Escalating Demand Spell Record Annual Prices in 2003
With working gas in storage expected to hit a record end-of-season low, gas demand slated for solid growth this year and production projected to rise by only a slim margin, the Energy Information Administration (EIA) in its short-term energy outlook for March predicts that the annual average price for wellhead natural gas will hit a record high in 2003.
EIA: Low Storage/Production, Escalating Demand Spell Record Annual Prices in 2003
With working gas in storage expected to hit a record end-of-season low, gas demand slated for solid growth this year and production projected to rise only marginally, the Energy Information Administration (EIA) in its short-term energy outlook for March predicts that the annual average price for wellhead natural gas will be a record high in 2003.
High Gas Prices Claim Another Casualty in Fertilizer Industry
Rapidly escalating natural gas costs claimed another casualty in the fertilizer industry on Thursday as Mississippi Chemical Corp. announced the shut-down of its Donaldsonville, LA, nitrogen complex. While the price of natural gas, a feedstock for some chemicals, continues to climb, there has not been a corresponding rise in chemical and fertilizer prices, and much of the nation’s fertilizer production has moved overseas.
High Gas Prices Claim Another Casualty in Fertilizer Industry
Rapidly escalating natural gas costs claimed another casualty in the fertilizer industry on Thursday as Mississippi Chemical Corp. announced the shut-down of its Donaldsonville, LA, nitrogen complex. While the price of natural gas, a feedstock for some chemicals, continues to climb, there has not been a corresponding rise in chemical and fertilizer prices, and much of the nation’s fertilizer production has moved overseas.
U.S. Reserve Replacement Costs Jump 73% in 2001
An analysis of the top 50 U.S. companies found that reserve replacement costs were the second highest in five years, escalating 73% last year, reaching $8.20/boe, according to a new report by John S. Herold. Meanwhile, reserve replacement rates declined sharply, with the top producers replacing 162% of natural gas production, down 34% from a year earlier, and 141% of oil production, 40% lower than 2000.
House Report: Independent Generators ‘Profited Immensely’ in CA
The parent companies of California’s six largest nonutility generators “profited immensely” from the escalating bulk electricity prices last year, with corporate profits for each more than doubling 1999 levels, according to a new report from the House Committee on Government Reform. Their California power subsidiaries recorded gains in operating income and profits of tenfold or more in 2000, it estimated.
House Report: Independent Generators ‘Profited Immensely’ in CA
The parent companies of California’s six largest nonutility generators “profited immensely” from the escalating bulk electricity prices last year, with corporate profits for each more than doubling 1999 levels, according to a new report from the House Committee on Government Reform. Their California power subsidiaries recorded gains in operating income and profits of tenfold or more in 2000, it estimated.