A plethora of natural gas shale deposits, persistently high rig counts, hedging and available debt capacity have stifled domestic natural gas prices for possibly three years, analysts at Tudor, Pickering, Holt & Co. (TPH) said last week. Tradition Energy analysts also blamed “the poor prospect of economic growth in the second half of the year” in revising down its gas price forecast.
Hedging
Articles from Hedging
Analysts Say They Won’t Love Gas ‘For Good, Long While’
A plethora of natural gas shale deposits, persistently high rig counts, hedging and available debt capacity have stifled domestic natural gas prices for possibly three years, analysts at Tudor, Pickering, Holt & Co. (TPH) said Tuesday.
Williams: Production Trending Down Rest of Year
Sharply lower natural gas prices cut into Williams’ earnings in 2Q2009, but the losses were mitigated by reduced project costs and hedging practices, the company said Thursday.
EnCana Foresees More Cost Cutting Down the Road
Calgary-based EnCana Corp. relied on hedging to keep its 4Q2008 profits flat year/year, but the CEO said Thursday that sustained lower natural gas prices will require more cost cutting if the economic environment does not improve.
EnCana Foresees More Cost Cutting Down the Road
Calgary-based EnCana Corp. relied on hedging to keep its 4Q2008 profits flat year/year, but the CEO said Thursday that sustained lower natural gas prices will require more cost cutting if the economic environment does not improve.
Hedging Loss Hits AGL Resources Results
As it predicted last month, AGL Resources Inc.’s second quarter results took a hit from hedging losses as forward natural gas prices moved against the company’s program.
Hedging Loss Hits AGL Resources Results
As it predicted last month, AGL Resources Inc.’s second quarter results took a hit from hedging losses as forward natural gas prices moved against the company’s program.
Rockies Producer Locks in $6.00/MMBtu CIG Floor
Denver-based Teton Energy Corp. initiated a costless collar gas hedging program for 2007 that is intended to improve financial flexibility by locking in a portion of revenues and cash flow in the event that gas prices decline. The strategy should allow Teton to develop its long-lived producing assets and increase borrowing under its credit facility with BNP Paribas.
AGA: Utilities Hedging More, Using Longer-Term Supply Contracts
Soaring gas prices prompted U.S. gas utilities to use more aggressive hedging strategies and sign longer term agreements ahead of winter last year to mitigate the impact of rising prices on consumers, according to a new report by the American Gas Association (AGA).
El Paso’s Pipeline Growth Continues; E&P Still Weak
El Paso Corp. posted a tepid first quarter profit on Tuesday, stung by weak natural gas production and hedging losses. However, the Houston-based company reversed its losses from a year ago, lifted by strong natural gas pipeline and field service earnings.