With forecasts shifting over the weekend to indicate that cold weather in the East this week will not be as bad as what had been anticipated last week, prices were flat to about a quarter lower in most market areas Monday. However, a few small to moderate gains were mixed into the overall softness, and the Northeast was still getting enough heating load to record strong upticks that reached as high as about 70 cents at Iroquois Zone 2.
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Articles from Indicate
El Paso Secures New $3B Credit Facility
El Paso Corp. on Tuesday closed $3 billion of credit facilities, which CEO Doug Foshee said indicate the “significant progress” the company has made to improve its financial position. The new facilities replace an existing facility set to expire in June 2005.
November 24, 2004
El Paso Secures New $3B Credit Facility
El Paso Corp. on Tuesday closed $3 billion of credit facilities, which CEO Doug Foshee said indicate the “significant progress” the company has made to improve its financial position. The new facilities replace an existing facility set to expire in June 2005.
November 24, 2004
Producers Make Development, Discovery Strides in GOM
Two announcements last week indicate that Gulf of Mexico (GOM) discoveries have not ended, nor have producers put their deepwater work on the back burner.
January 19, 2004
Current Rig Numbers Indicate Upside for U.S. Land Drillers
For the first time in many years, the current land rig up-cycle has not led to an exponential increase in land dayrates, offering substantial upside in stock prices for all U.S. land drillers for the foreseeable future, according to the Raymond James Energy Group’s latest Stat of the Week.
December 30, 2003
McMoRan Offshore Well Indicates 50 MMcfe/d Potential
New Orleans-based independent McMoRan Exploration Co.’s test results on an exploratory well offshore Louisiana indicate it has the potential of producing 50 MMcfe/d. Production is scheduled to begin in the third quarter.
August 12, 2003
Raymond James: 4Q U.S. Production Decline Worse than Predicted
Actual fourth quarter results of the 37 producers covered by the Raymond James energy team indicate that U.S. natural gas production declined by 2.7% sequentially and 6.4% year-over-year, a more aggressive drop than the analysts suspected just weeks ago. “It ain’t pretty,” said analysts in the latest “Stat of the Week.”
March 3, 2003
Raymond James: 4Q U.S. Production Decline Worse than Predicted
Actual fourth quarter results of the 37 producers covered by the Raymond James energy team indicate that U.S. natural gas production declined by 2.7% sequentially and 6.4% year-over-year, a more aggressive drop than the analysts suspected just weeks ago. “It ain’t pretty,” said analysts in the latest “Stat of the Week.”
February 25, 2003
Transportation Notes
Saying forecasts indicate that cold weather will continue in the state of Florida and its capacity is being heavily utilized, Florida Gas Transmission issued an Overage Alert Day notice Monday with 15% tolerance for negative daily imbalances.
January 14, 2003
Pure Resources ‘Reviewing’ Unocal Offer, but Doesn’t Indicate Acceptance
Pure Resources Inc. on Thursday said the special committee of its board of directors is reviewing the revised exchange offer from Unocal Corp., but made no comment on whether the second offer from its 65% shareholder was enough. Unocal has been attempting to obtain the other 35% of Pure Resources for several weeks (see Daily GPI, Oct. 3).
October 4, 2002
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