Gains handily outweighed losses in mixed price movement Monday while an ice storm continued to rage through the central U.S. Transco’s Zone 6-New York City pool and Iroquois Zone 2 spiked by about $1.50 to as high as $14.00 and $13.75, respectively, as very cold and weather was expected to remain in place Tuesday across the northern half of the U.S. and Canada.
Handily
Articles from Handily
Most Prices Near Flat; Rockies Return to Plunging
Except for the Rockies, most points saw little change in pricing Thursday, with small gains handily outnumbering small losses. A supportive 14.7-cent prior-day increase by November futures and a moderate amount of heating load in northern market areas competed with mild weather in most other regions, an ongoing lack of tropical storm activity and the knowledge that storage injection options are rapidly disappearing in vying for influence on price movement.
Oklahoma Legislature Removes $5.00 Cap on Gross Production Tax Exemptions
The Oklahoma legislature has handily approved a bill to remove the price cap of $5.00 for gas and $30 for oil on deep wells eligible for exemption from the state’s gross production tax.
Oklahoma Legislature Removes $5.00 Cap on Gross Production Tax Exemptions
The Oklahoma legislature has handily approved a bill to remove the price cap of $5.00 for gas and $30 for oil on deep wells eligible for exemption from the state’s gross production tax.
Reliant 1Q EPS Handily Beats Estimates
With its wholesale energy and natural gas distribution segments leading the charge, Reliant Energy Inc.’s first-quarter earnings easily beat analysts’ consensus estimates and the company now feels confident that it can grow its bottom line for all of 2001 above and beyond previous projections of 10% to 12%.
Reliant 1Q EPS Handily Beats Estimates
With its wholesale energy and natural gas distribution segments leading the charge, Reliant Energy Inc.’s first quarter earnings easily beat analysts’ consensus estimates and the company now feels confident that it can grow its bottom line for all of 2001 above and beyond previous projections of 10% to 12%.
ExxonMobil, Chevron, Texaco Earnings Soar
Third quarter earnings for the three largest U.S. oil companies— ExxonMobil, Chevron and Texaco — handily surpassed analysts’expectations on the wave of surging oil and gas prices. ExxonMobilbeat predictions by six cents, Texaco beat the estimates by 12cents and Chevron also soared, rolling over an expected earningsforecast by 54 cents. All three released their quarterly statementsyesterday.
Aftermarket Starts Out Above Index Levels
First-of-month swing prices were down from the weekend buthandily above February indexes Monday. As further proof that theaftermarket was getting off to a strong beginning, a marketerreported seeing Henry Hub swing swaps trading at $2.67 while thescreen was at $2.61. “That premium of 6 cents was very strong,” hesaid.