Next-day gas was mostly higher in Monday’s trading, with producing regions adding a few pennies and market zones such as the Northeast tacking on double-digit advances. Stout gains in next-day power in the Northeast gave gas buyers an incentive to make incremental purchases although weather forecasts called for a return to milder temperatures.
Hedged
Articles from Hedged
North American E&Ps Exposed in 2016 Based on Hedging Analysis, Says IHS
North American exploration and production (E&P) companies have only hedged about 11% of their natural gas and oil volumes in 2016, leaving many possibly facing financial stress, according to an IHS Inc. performance analysis.
Best Marcellus Wells Still to Come, Says Range
Range Resources Corp.’s management team is “convinced” that its best wells are still to come in the Marcellus Shale after some new wells punched into a previously drilled area with five years of production history were “substantially better than previous wells,” COO Ray Walker said.
Anadarko, Linn Partner in Powder River Basin Project
An affiliate of Anadarko Petroleum Corp. on Tuesday took on Linn Energy LLC as a partner in an enhanced oil recovery project on the 22,000-acre Salt Creek Field of Wyoming’s Powder River Basin.
Low Gas Prices Impact WPX Spending, Rig Count
WPX Energy, newly spun off from Williams, is having to rethink its first full year as an exploration and production (E&P) company because of sustained low natural gas prices, the company said late Monday.
Comstock Stepping Up in Oil, Stepping Back from Gas
Frisco, TX-based Comstock Resources Inc. has joined the ranks of producers that are pulling back from natural gas drilling to direct more resources to oil.
Consol Energy Continues to Analyze Acquired Shale Acreage
Thanks to its acquisition of Dominion’s natural gas exploration and production business, longtime coal giant Consol Energy is making its name in the natural gas sector as the Canonsburg, PA-based diversified energy producer continues to analyze its position in the Marcellus and Utica shales.
California Gas Future: Mixed, Manageable, Report Says
California has hedged itself reasonably well against the continuing uncertainty of natural gas prices and supplies, but the state needs to foster development of more regional western transmission pipeline and storage infrastructure while also determining the long-term potential for more shale gas, given the adverse environmental impacts it can carry. This is the essence of the natural gas portion of the state’s latest Integrated Energy Policy Report (IEPR), which is predominantly focused on the electricity sector.
California Gas Future: Mixed, Manageable, Report Says
California has hedged itself reasonably well against the continuing uncertainty of natural gas prices and supplies, but the state needs to foster development of more regional western transmission pipeline and storage infrastructure while also determining the long-term potential for more shale gas, given the adverse environmental impacts it can carry. This is the essence of the natural gas portion of the state’s latest Integrated Energy Policy Report (IEPR), which is predominantly focused on the electricity sector.
Anadarko Hedges Kerr-McGee, Western Production
In connection with its acquisitions of Kerr-McGee and Western Gas Resources in August, Anadarko Petroleum Corp. has hedged about 75% of the acquired oil and gas volumes through 2008, including hedges existing prior to the acquisitions. Anadarko announced its deal to acquire the companies in June (see Daily GPI, June 26).