Hand

The frigid conditions predicted to be occupying the Midwest, Northeast and to some extent the South Friday finally got the upper hand over prior-day futures weakness and produced gains at most points Thursday. Except for large increases at Northeast citygates, most of the cash market advance was rather timid.

With more than $1 billion of cash on hand, $3 billion in unused credit lines and a 13% debt-to-capitalization rate, Devon Energy Corp. will use the “opportunity to acquire some quality assets at quality prices,” CEO G. Larry Nichols said last week.

With more than $1 billion of cash on hand, $3 billion in unused credit lines and a 13% debt-to-capitalization rate, Devon Energy Corp. is using the “opportunity to acquire some quality assets at quality prices,” CEO G. Larry Nichols said Wednesday.

With global financial markets seized up and credit scarce, energy companies that have cash on hand may be able to take advantage of overlevered, distressed firms in the near future, Raymond James & Associates Inc. analysts said in a report issued last week.

With global financial markets seized up and credit scarce, energy companies that have cash on hand may be able to take advantage of overlevered, distressed firms in the near future, Raymond James & Associates Inc. analysts said in a report issued Monday.

The financial market turmoil forced the hand of privately held producer Antero Resources last week, which agreed to accept less drilling acreage in the Marcellus Shale from Dominion but pay more money per acre.

The financial market turmoil has forced the hand of privately held producer Antero Resources, which agreed to accept less drilling acreage in the Marcellus Shale from Dominion but pay more money per acre.

A deal to restructure the Mackenzie Gas Project (MGP) to wrest control from a producer group appears to be close at hand, and TransCanada Corp. and the Aboriginal Pipeline Group (APG) are said to likely be the parties in charge of the project going forward.

A deal to restructure the Mackenzie Gas Project (MGP) to wrest control from a producer group appears to be close at hand, and TransCanada Corp. and the Aboriginal Pipeline Group (APG) are said to likely be the parties in charge of the project going forward.