Hefty

East, Northeast Lead Broad Gains; Forecast Warmth Prompts Futures Rise

Physical natural gas prices on average rose 8 cents Monday led by strong gains posted by East and Northeast points, hefty screen gains, and buoyant next-day power prices. New England locations proved to be the biggest winners, but eastern points were not far behind. Gulf and California points firmed as well. At the close of futures trading July had advanced 14.2 cents to $3.875 and August rose 13.8 cents to $3.897. July crude oil slipped 8 cents to $97.77/bbl.

June 18, 2013

Centrica Taking Bet on UK’s Shale Gas Resources

The UK’s leading energy retailer, Centrica, is taking a bet that shale gas resources in the country’s Bowland Basin are the real deal after making a hefty commitment in explorer Cuadrilla Resources Ltd.

June 14, 2013

EOG’s Papa Eschews NatGas, Sees Eagle Ford Cruising

EOG Resources Inc. last week reported a nearly 53% increase in net income for the first quarter of 2013, gains due in large part to hefty growth in the Eagle Ford Shale.

May 13, 2013

Weak Northeast Masks Moderate Market Gains; Futures See 18-Month High

Physical natural gas cash prices fell 3 cents on average Wednesday, but that included some hefty drops at northeastern points, as weather-related demand plummeted. If those are taken out of the mix, the overall market actually added a couple of pennies on average. Gulf points were particularly strong, and New England was particularly weak. Spot futures managed to settle well above $4 and posted an 18-month high. At settlement May was $4.068, up 7.7 cents and June added 7.7 cents as well to $4.108. May crude oil gained 24 cents to $96.58/bbl.

March 28, 2013

Quicksilver Battening Down After 2Q Loss

Debt- and dry gas-laden Quicksilver Resources Inc. posted a hefty loss for the second quarter, largely due to a nearly $1 billion asset impairment reflecting low commodity prices. Last week management talked up plans to right the balance sheet and weather the low-price period with spending cuts and other measures.

August 13, 2012

Quicksilver Battening Down After 2Q Loss

Debt- and dry gas-laden Quicksilver Resources Inc. posted a hefty loss for the second quarter, largely due to a nearly $1B asset impairment reflecting low commodity prices. On Tuesday management talked up plans to right the balance sheet and weather the low-price period with spending cuts and other measures.

August 8, 2012

Analyst Sees Eventual Turnaround, Yet November Falls

November natural gas futures eased Monday in a lackluster session showing no interest in following through on Friday’s hefty 17.2-cent jump. At the close November had lost 1.5 cents to $3.688 and December had given up 5.7 cents to $3.903. November crude oil fell 42 cents to $86.38/bbl.

October 18, 2011

Traders See Retest of $4.00, Yet May Advances

Thanks in part to some kind words for the commodity from the President of the United States, May natural gas futures recovered a hefty chunk of Tuesday’s losses Wednesday as traders sensed a surge past recent highs. However, the move fell short as May added 9.2 cents to $4.355 and June added 9.1 cents to $4.426. May crude oil retreated 52 cents to $104.27/bbl.

March 31, 2011

Analyst Suggests Hefty Storage Build; November Down Double Digits

November natural gas futures continued their downward march Monday as traders focused on unsupportive weather conditions and expectations of another hefty shoulder-season addition to inventories. At the close November posted a 10.4 cent loss to $3.431 and December shed 5.5 cents to $3.870.

October 19, 2010

Futures Sent Tumbling After EIA Report; January Sheds 17.8 Cents

Just as the prior weeks’ report showing greater-than-expected withdrawals from gas storage inventory sparked hefty futures gains, Thursday’s report by the Energy Information Administration (EIA) showing less-than-anticipated withdrawals prompted a sharp reversal. At the close, January futures fell 17.8 cents to $5.643 and February tumbled 18.6 cents to $5.698. February crude oil rose $1.38 to $78.05/bbl.

December 28, 2009
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