Fertilizer Manufacturer Lauds Abundance of Shale Gas

Fertilizer Manufacturer Lauds Abundance of Shale Gas

CF Industries Holdings Inc., an agricultural fertilizer manufacturer and distributor, reported record third quarter earnings on Tuesday and said low natural gas costs were part of a favorable outlook for 2013.

November 8, 2012

Bargain Hunting, Short-Covering Lift Futures; November Gains

November futures managed to break the string of four losing sessions in a row on Tuesday in what was characterized as bargain hunting and not indicative of any significant fundamental or technical shift in the market. At the close, November had risen 2.1 cents to $3.638 and December had managed to add 1.6 cents to $3.944. November crude oil made it three losses in a row with a drop of $1.94 to $75.67/bbl.

October 5, 2011

Most Points Record Small Price Declines

Tuesday’s smaller price gains than those a day earlier proved indicative of the market direction, as most points saw small losses Wednesday. Forecasts of modest retreats in peak temperatures in the South, and to a lesser extent in the Northeast, tended to squelch some of the extra cooling load from earlier in the week, and Tuesday’s 0.1-cent decline by June futures was neutral regarding cash market guidance.

May 26, 2011

Xcel Retail Colorado Gas Rates Drop 56%

Indicative of the free-fall of wholesale natural gas prices of late, Xcel Energy Inc. announced Wednesday its retail gas utility rates in Colorado will fall 56% in April compared to that month last year. Charges will come in at about 32 cents/th, compared to 73 cents/th in April 2008, a Denver-based utility spokesperson said.

March 20, 2009

Purchase of MarkWest Companies Off the Table, Targa Says

Houston-based midstream operator Targa Resources Partners LP said Thursday indicative proposals to acquire MarkWest Hydrocarbon Inc. and MarkWest Energy Partners have been set aside without any substantive negotiations having been held. Terms of the offer were not released.

November 16, 2007

ConocoPhillips Earnings Benefit From Burlington Purchase

ConocoPhillips second quarter profit jumped 65% over the year-ago period, according to figures announced by the company Wednesday.

July 27, 2006

Xcel Reduces Electric Rate Increase Sought in Colorado, Cites Lower Gas Prices

Indicative of the wholesale energy market volatility in approaching winter, Minnesota-based Xcel Energy Monday announced it will lower its electric utility rate increase request to the Colorado Public Utilities Commission by $41.5 million in the wake of what it called “recent decreases in natural gas prices nationwide.”

October 26, 2005

Baja-San Diego Closely Tied in Energy Planning, CA Officials Say

Indicative of the increased pressure for more integrated energy planning in other high-growth western areas, the San Diego-North Baja, Mexico region increasingly has to be considered comprehensively in applying integrated energy planning to what is fast becoming a more economically and demographically linked part of the Southwest, speakers emphasized at a workshop conducted by the California Energy Commission (CEC) earlier in December.

January 3, 2005

PNM Resources Gears Up for Debt, Equity Sales

Indicative of its current push to acquire new assets and expand its reach in the Southwest, PNM Resources, the holding company for Public Service Company of New Mexico, on Thursday increased it financing capacity to $1 billion with a so-called “shelf registration” statement to the federal Securities and Exchange Commission. The latest registration was for an added $500 million.

December 20, 2004

Calpine to Sell Canadian Natural Gas, Oil Reserves for C$825 Million

Indicative of its continuing efforts to shed debt, Calpine Corp. last Monday said it agreed to sell all of its Canadian proved natural gas and oil reserves (221 Bcfe) to PrimeWest Energy Trust for C$825 million, or about US$625 million. Calpine said it expects to close the sale early next month, pending “regulatory approval and other conditions of closing.” Later in the week, Calpine announced the sale of Rocky Mountain natural gas reserves for an estimated $223 million.

August 23, 2004
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