Following Monday’s explosion to $6, profit taking was the name of the game on expiration Tuesday as the January natural gas futures contract slumped to terminate at $5.814, down 17.6 cents. February futures slid 15.6 cents to $5.840.
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Horizontal Drilling Holds Promise for Conventional Gas
Horizontal drilling into shale rock using multiple fractures (fracs) has “clearly” changed the game for the U.S. natural gas industry, but the drilling process also has the potential to give conventional gas formations, like tight gas sands, an economic boost, Raymond James & Associates Inc. said last week.
Horizontal Drilling Shows Promise in Conventional Gas Formations
Horizontal drilling into shale rock using multiple fractures (fracs) has “clearly” changed the game for the U.S. natural gas industry, but the drilling process is showing the potential to give conventional gas formations, like tight gas sands, an economic boost, Raymond James & Associates Inc. said Monday.
Recovery Could Reverse Gas-Fired Generation Gains
Coal producers took a powder in the power generation game during the first half of the year as low-priced natural gas swooped in and captured market share, but an economic recovery could turn the tables again, according to analysts.
Recovery Could Reverse Gas-Fired Generation Gains
Coal producers took a powder in the power generation game during the first half of the year as low-priced natural gas swooped in and captured market share, but an economic recovery could turn the tables again, according to analysts at Raymond James & Associates Inc.
McClendon: Costs to Favor Shale Plays
The emergence of gas shale plays has been a game-changer for the industry and the outlook for gas supply. The scale of the shales is so great that it threatens the survival of the “individual wildcatter,” who with only a half-dozen employees drilling a few dozen wells a year will find it difficult to compete, Chesapeake Energy Corp. CEO Aubrey K. McClendon said last Thursday.
McClendon: Shales Are Shifting Industry Costs
The emergence of gas shale plays has been a game-changer for the industry and the outlook for gas supply. The scale of the shales is so great that it threatens the survival of the “individual wildcatter,” who with only a half-dozen employees drilling a few dozen wells a year will find it difficult to compete, Chesapeake Energy Corp. CEO Aubrey K. McClendon said Thursday.
FBR Analysts: LNG Summer to Be 2 Bcf/d
Predicting flows of liquefied natural gas (LNG) to the United States this summer and beyond might make for a fun industry parlor game if so much wasn’t riding on what actually happens. Analysts at FBR Capital Markets on last Monday said there will be a further squeeze on domestic producers from LNG imports.
FBR Analysts Predict 2 Bcf/d Summer for LNG
Predicting flows of liquefied natural gas (LNG) to the United States this summer and beyond might make for a fun industry parlor game if so much wasn’t riding on what actually happens. Analysts at FBR Capital Markets on Monday said there will be a further squeeze on domestic producers from LNG imports.
Equitable Resources Changes Direction on Appalachian Gas Pipe Projects
Equitable Resources Inc. denied reports that it was pulling out of the Northeast Passage pipeline project, but rather said it merely has altered its game plan to get its Appalachian natural gas to market.