Things aren’t always what they seem. What starts as a natural gas play can become an oil/gas liquids play. Sometimes the best thing to do is circle back to your roots. But it’s important to always know where you are, especially when you’re in the Eagle Ford Shale in South Texas.
Glad
Articles from Glad
BP CEO Promises Stronger Output, More Cost Cutting
BP plc CEO Tony Hayward, who was tapped last year to lead the troubled UK-based major, called 2007 a year “which most of us will be glad to leave behind.” He said BP’s final quarter’s profits were “very disappointing,” but BP is making “good, step-by-step progress” to ramp up new oil and natural gas fields and trim excess overhead.
EnCana: Cold Weather Good Sign for Gas
EnCana Corp.’s management team said Thursday they were glad to see the turn to colder weather in the past month, a sign that some of the company’s natural gas-directed drilling soon will be back on track.
Crude Oil Sell-Off Dampens Bullish Euphoria in Gas Pit
In a topsy-turvy session that made traders glad the weekend wasnear, natural gas futures spiked and retraced three times Fridayamid a bevy of fundamental and technical news. After encounteringsubstantial selling in the low $6.80s early in the day, the Januarycontract checked sideways for much of the session, finishing up 8.4cents at $6.673. Comparatively the rest of the 12-month strip, ledby March, which erupted 20.7 cents to close at $6.043, experienceddouble-digit gains.
Kinder: FERC Settlement Won’t Break the Bank
Although it’ll be poorer by a couple of million dollars, KinderMorgan Inc. says it’s glad to have finally reached a settlementwith FERC resolving many of the marketing-affiliate issues thathave dogged its pipeline companies for years.
UK’s PowerGen Offers $5.4 B for LG&E
Although dwarfed by the news of the proposed NiSource-Columbiamarriage, LG&E Energy Corp. had some glad tidings of its ownlast week — it signed off on a definitive merger agreement forBritain’s PowerGen plc to acquire the Louisville, KY-baseddiversified energy company in a cash-and-debt transaction valued at$5.4 billion.
UK’s PowerGen Offers $5.4B for LG&E Energy
Although dwarfed by the news of the proposed NiSource-Columbiamarriage, LG&E Energy Corp. had some glad tidings of its ownyesterday — it signed off on a definitive merger agreement forBritain’s PowerGen plc to acquire the Louisville, KY-baseddiversified energy company in a cash-and-debt transaction valued at$5.4 billion.
October Aftermarket Well Above Bidweek Numbers
It seemed that virtually everyone in the gas trading communitywas glad to bid a not-so-fond farewell to a September fraught withhurricane hassles and get on with an October in which theaftermarket is starting out very strongly. Swing deals being doneWednesday for today’s flow generally ranged from 10 to 20 centsabove bidweek averages. Late quotes for October baseload also wererebounding after most points had sunk steadily to the bottom end oftheir ranges.
Vastar: Glad To Be In Deep-Water Now
Vastar Resources has placed much of its hopes for the future inthe Gulf of Mexico as evidenced by its recent deal to acquireinterests in 23 producing fields through a three-way deal withAtlantic Richfield and Mobil (See Daily GPI Aug. 5, 1998). However,the company realizes it is not alone in pinning its hopes on theGulf and was wise to begin its Gulf of Mexico program when it did.