The total U.S. land rig count bottomed at 901 working rigs on May 29, but 112 rigs have since gone back to work, driven almost “entirely” by private exploration and production (E&P) companies looking for oil, Tudor, Pickering, Holt & Co. Securities Inc. (TPH) reported Wednesday. The onshore natural gas rig count, said TPH, didn’t bottom out until early July, and only a handful of explorers are adding rigs.
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U.S. Power Grid Under Attack by Cyberspies
The cloak and dagger spy activity of the Cold War era has gone on-line, according to current and former national security officials, who report that one of the main targets of these cyberspies is the U.S. electrical grid infrastructure.
Foreign Cyberspies Already Inside U.S. Electrical Grid
The cloak and dagger spy activity of the Cold War era has gone on-line, according to current and former national security officials, who report that one of the main targets of these cyberspies is the U.S. electrical grid infrastructure.
Storage Injection, Revision Put Downward Pressure on Futures
Weeks after Halloween’s tricks and treats were gone, natural gas futures traders felt tricked anew Thursday on news of an upward revision in natural gas storage figures by the Energy Information Administration (EIA). News of more gas in storage than first expected along with Thursday’s report of a 16 Bcf build for the week ended Nov. 14 gave the bears the upper hand in morning trade as December futures pushed lower, ultimately settling at $6.316, down 42.7 cents on the day.
Quicksilver, BreitBurn in Conflict Over Year-Old Deal
A year after it closed, a deal between Quicksilver Resources of Fort Worth, TX, and Los Angeles-based BreitBurn Energy Partners LP has gone south, with Quicksilver alleging in a lawsuit that it was misled by BreitBurn with respect to plans for the partnership’s ownership structure and governance.
Year-Old Quicksilver-BreitBurn Deal Turns Sour
A year after it closed, a deal between Quicksilver Resources of Fort Worth, TX, and Los Angeles-based BreitBurn Energy Partners LP has gone south, with Quicksilver alleging in a lawsuit that it was misled by BreitBurn with respect to plans for the partnership’s ownership structure and governance.
Forecasters: Above-Normal Hurricane Activity on Horizon
With the year’s fifth named tropical storm already come and gone and more than three months remaining in the 2008 hurricane season, forecasters at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center and Colorado State University (CSU) increased the number of named storms and hurricanes in their tropical storm forecasts.
NOAA: Above-Normal Hurricane Activity on Horizon
With the year’s fifth named tropical storm already come and gone and more than three months remaining in the 2008 hurricane season, the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center increased the number of named storms and hurricanes in its tropical storm forecast.
Unconventional Gas Seen to Deter Higher Priced LNG
The days of $3/MMBtu natural gas may be gone, but with unconventional U.S. production economic at $6-7/MMBtu, medium-term domestic prices aren’t likely to match the $18-20 highs fetched by liquefied natural gas (LNG) cargoes overseas — which in turn could deter some LNG imports for as long as five years, according to energy analysts.
Unconventional Gas Seen to Deter Higher Priced LNG
The days of $3/MMBtu natural gas may be gone, but with unconventional U.S. gas production becoming economic at $6-7/MMBtu, medium-term domestic prices aren’t likely to match the $18-20 highs fetched by liquefied natural gas (LNG) cargoes overseas — which in turn could deter some LNG imports for as long as five years, according to energy analysts.