October futures managed a modest gain Monday as traders grapple with a sense of seasonality but are forced to recognize the ongoing trend lower. At the close October had risen 2.0 cents to $3.829 and November was higher by 1.0 cents to $3.932. October crude oil plunged $2.26 to $85.70/bbl as Euro-worried equity markets fell.
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Cash Averages Continue Climb Despite Weak Fundamentals
Bolstered by Tuesday’s 9.5-cent gain in October futures, cash market averages across most of the country remained in the plus column for the third straight day Wednesday with a vast majority of points adding less than a dime. The recent stretch of price strength has market watchers scratching their heads for answers.
EOG’s Papa Picks His Favorite: Eagle Ford Oil
It’s no secret that weak prices have made natural gas a stepchild to oil and natural gas liquids (NGL), but perhaps nowhere else is the clean-burning stuff more out of favor than in the halls of Houston-based EOG Resources Inc., where CEO Mark Papa can’t seem to distance himself from the Mcfs fast enough.
Repositioned Devon Reports Record Onshore Production
Devon Energy Corp.’s exit from the Gulf of Mexico last year and the recent sale of its Brazilian assets in order to focus on North American onshore drilling have begun to pay significant dividends for the Oklahoma City-based independent, including record high North American onshore production, CEO John Richels said Wednesday.
SM Energy Raises Spending; Analysts Note Efficiency
SM Energy Co. raised its guidance for 2011 and introduced plans for 2012 that surpass what analysts were expecting as company executives emphasized a sharpened focus on the Eagle Ford Shale in South Texas.
Nothing Really Has Changed, Analyst Says; August Makes Big Jump
August natural gas scored a double-digit gain Friday as traders noted what seems to be a never-ending series of forecasts calling for above-normal temperatures. At the close August was up 16.8 cents to $4.546 and September had added 16.2 cents to $4.520. August crude oil made an advance of its own adding $1.55 to $97.24/bbl.
NGI Report Identifies, Compares Top Gas Producers and Traders
BP plc was the only one of the top five U.S. producers of natural gas that also showed up among the top five gas marketers in 2010, according to an analysis by Natural Gas Intelligence (NGI) of federal filings that showed a 6% gain in trading in 2010 over 2009.
NGI Report Identifies, Compares Top Gas Producers and Traders
BP plc was the only one of the top five U.S. producers of natural gas that also showed up among the top five gas marketers in 2010, according to an analysis by Natural Gas Intelligence (NGI) of federal filings that showed a 6% gain in trading in 2010 over 2009.
Report Identifies, Compares Top Gas Producers and Traders
BP plc was the only one of the top five U.S. producers of natural gas that also showed up among the top five gas marketers in 2010, according to an analysis by Natural Gas Intelligence (NGI) of federal filings that showed a 6% gain in trading in 2010 over 2009.
Gathering Industry Debates Impact of Laser Case
While the most vocal opposition to Laser Northeast Gathering Co. LLC’s bid to gain public utility status for a proposed gathering system in northeast Pennsylvania is coming from members of the public, there is opposition from within the industry as well.