The three-day decline in natural gas futures was brought to a halt on Wednesday as traders took stock of the market’s current position while focusing on Thursday’s fresh storage inventory data and the real possibility that the Gulf of Mexico could be staring at Hurricane Alex early next week.
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Senate Panel to Tackle Hot-Button Energy Issues After Recess
The Senate Energy and Natural Resources Committee began its mark-up of a broad energy bill last Tuesday, focusing first on the less contentious issues — such as energy efficiency — and then moving to the meatier and more controversial issues following a two-week recess for Easter and Passover.
Senate Panel to Tackle Hot-Button Energy Issues After Recess
The Senate Energy and Natural Resources Committee begins mark-up of a broad energy bill Tuesday, focusing on the less contentious issues — such as energy efficiency — this week and then moving to the meatier and more controversial issues following a two-week recess for Easter and Passover.
Analyst: Don’t Be Blindsided by Meteorological ‘Black Swans’
Focusing on weather and global warming trends and ignoring “black swans” — incidents that spike well above or below established trends — could blind investors and the energy industry to opportunities, according to Bethlehem, PA-based long-range forecaster Weather Trends International (WTI).
Analyst: Don’t Be Blindsided by Meteorological ‘Black Swans’
Focusing on weather and global warming trends and ignoring “black swans” — incidents that spike well above or below established trends — could blind investors and the energy industry to opportunities, according to Bethlehem, PA-based long-range forecaster Weather Trends International (WTI).
Bill Barrett, Goodrich Expect Boost from Gas Drilling in 2008
By focusing on three development projects in the Uinta, Piceance and Powder River basins, Bill Barrett Corp. expects to boost its production by almost 20% this year, the company said last week.
Bill Barrett, Goodrich to Focus on Gas Drilling in 2008
By focusing on three development projects in the Uinta, Piceance and Powder River basins, Bill Barrett Corp. expects to boost its production by almost 20% this year, the company said Thursday.
Traders Mull Lower Supplies; January Advances 10.6 Cents
Natural gas traders are relying more heavily on upcoming weather patterns to determine short-term price direction rather than focusing on storage or demand patterns. The most important demand pattern natural gas futures traders were concerned about Tuesday was the supply of contracts, and the buyers prevailed. January natural gas futures rose 10.6 cents to $7.141 and February added 10.2 cents to $7.278.
Chesapeake’s Appalachian HQ to Reflect ‘Rotation of a Drillbit’
With the aim of focusing more attention on the company’s extensive Appalachian Basin exploration and production holdings, Chesapeake Energy Corp. said late last month that it plans to build a new eastern regional headquarters in Charleston, WV, in a semi-circular design “reflecting the rotation of a drillbit.”
Chesapeake Energy’s Appalachian Headquarters to Reflect ‘Rotation of a Drillbit’
With the aim of focusing more attention on the company’s extensive Appalachian Basin exploration and production holdings, Chesapeake Energy Corp. said Thursday that it plans to build a new eastern regional headquarters in Charleston, WV, in a semi-circular design “reflecting the rotation of a drillbit.”