Essentially

Penn Virginia Corp. CEO H. Baird Whitehead admitted to financial analysts last Thursday that the company is “essentially a one-trick pony at this moment” due to its heavy focus on the Eagle Ford Shale of South Texas. However, he said, “we think it’s a pretty good-looking pony.”

Penn Virginia Corp. CEO H. Baird Whitehead admitted to financial analysts Thursday that the company is “essentially a one-trick pony at this moment” due to its heavy focus on the Eagle Ford Shale of South Texas. However, he said, “we think it’s a pretty good-looking pony.”

Much like the preceding two weeks, the cash market got off to a strong start Monday. A tropical storm near the northern Bahamas posed essentially no threat to offshore gas, but continuing predictions of hot weather in most of the United States and parts of Canada, along with the previous Friday’s spike of 16.8 cents by prompt-month futures, were plenty bullish to cash traders.

A self-described national ethics organization has asked the New York Times’ public editor, who essentially serves as the newspaper’s ombudsman, to investigate its controversial front-page series deriding the shale gas industry.

A self-described national ethics organization has asked the New York Times’ public editor, who essentially serves as the newspaper’s ombudsman, to investigate its controversial front-page series deriding the shale gas industry.

EOG Resources Inc.’s shift to an oil and natural gas liquids (NGL) producer is “essentially complete,” CEO Mark G. Papa told financial analysts during a recent conference call in which he gushed about the company’s enviable perch in the oil-rich window of the Eagle Ford Shale in South Texas.

EOG Resources Inc.’s shift to an oil and natural gas liquids (NGL) producer is “essentially complete,” CEO Mark G. Papa told financial analysts Friday during a conference call in which he gushed about the company’s enviable perch in the oil-rich window of the Eagle Ford Shale in South Texas.

Onshore natural gas plays that are able to generate profits even when gas prices are below $4/Mcf, including the Marcellus Shale, should see rig activity up by 18% in 2011 over this year, according to analysts with Raymond James & Associates Inc.

The United States has become a “surplus natural gas producing country essentially forever” because of shale gas, Credit Suisse analyst Edward Morse said recently.