Headache

Environmental questions and high costs for water have created a big headache for unconventional oil and gas producers, but it won’t take long before those problems are turned into opportunities for other businesses, according to industry executives.

Reform of the three-decades-old Endangered Species Act (ESA), which has proved to be a major headache for oil and natural gas producers and pipelines over the years, faces an uncertain future in a Democratic Congress, but some proponents remain upbeat.

Reform of the three-decades-old Endangered Species Act (ESA), which has proved to be a major headache for oil and natural gas producers and pipelines over the years, faces an uncertain future in a Democratic Congress, but some proponents remain upbeat.

With mother nature largely in control of the natural gas market, forecasting prices can be a real headache. Winter Henry Hub prices (November-March), for example, could average anywhere from $4 to $11.50, depending on whether temperatures are 13% warmer than normal or 12% colder than normal this winter, Energy and Environmental Analysis Inc. (EEA) said in its latest Monthly Gas Update. EEA’s best guess is an $8.48 winter average at the hub.

With mother nature largely in control of the natural gas market, forecasting prices can be a real headache. Winter Henry Hub prices (November-March), for example, could average anywhere from $4 to $11.50, depending on whether temperatures are 13% warmer than normal or 12% colder than normal this winter, Energy and Environmental Analysis Inc. (EEA) said in its latest Monthly Gas Update. EEA’s best guess is an $8.48 winter average at the hub.

TransCanada PipeLines Ltd. has made a start on curing a growing spare capacity headache by successfully marketing a partial conversion of its mainline to oil from natural gas.

Chiming in on an ongoing dispute that has all parties involved in need of a few aspirin, Bayer Corp. said Thursday that it is urging the U.S. Congress and the Bush administration to lift restrictions on natural gas production in the Gulf of Mexico and the Outer Continental shelf and to encourage more natural gas supplies from Canada.

Forecasting exploration and production companies’ stock price performance can be a real headache because it can’t be done by traditional means. According to a new Lehman Brother’s report, it turns out that the key determinants of large and small E&P company share price performance are per share growth in reserves, production and cash flow, rather than historical accounting measures, such as earnings and returns on capital.

Forecasting exploration and production companies’ stock price performance can be a real headache because it can’t be done by traditional means. According to a new Lehman Brother’s report, it turns out that the key determinants of large and small E&P company share price performance are per share growth in reserves, production and cash flow, rather than historical accounting measures, such as earnings and returns on capital.