Raymond James & Associates Inc. analysts joined their peers at Tudor, Pickering, Holt & Co. Inc. (TPH) and Morgan Stanley in predicting higher natural gas prices for this year.
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Goldman Lifts U.S. Natural Gas Price, Rig Forecast
Goldman Sachs on Friday joined two other analyst houses in boosting U.S. natural gas price forecasts, recommending that investors position themselves for “higher prices over the course of 2013.” The gas rig count also is predicted to surpass the 500 mark by the end of the year.
Ameren Illinois Proposes 10-Year Natural Gas Infrastructure Plan
Illinois business and labor organizations joined with Ameren Illinois Tuesday to outline a legislative proposal that could, over 10 years, accelerate rebuilding aging natural gas delivery infrastructure while maintaining regulatory oversight.
National Fuel Gas: Production to Jump Another 23% in 2014
National Fuel Gas Co. (NFG), which recently raised its production guidance for 2013 by 6 Bcfe to 102-112 Bcfe, said Monday it expects production to jump to 126-138 Bcfe in 2014.
Laclede, Siemens Partner on CNG Fueling System
St. Louis-based Laclede Group said Thursday it has joined with a unit of Siemens Industry Inc. to launch a fueling system for compressed natural gas (CNG) vehicles called Spire that will be introduced later this year at a commercial/public fueling facility at Lambert-St. Louis International Airport.
Trunkline, Gasfin File Louisiana LNG Export Proposals
Energy Transfer’s Trunkline LNG Export LLC and Gasfin Development USA LLC have joined the conga line and filed separate applications with the Department of Energy (DOE) to export liquefied natural gas (LNG) from Louisiana.
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The Arizona Corporation Commission (ACC) added two newly elected members and one re-elected member Monday. Bob Stump, the recently re-elected member, was voted by his colleagues as the ACC’s new chairman. He is joined by new member Bob Burns and Susan Bitter Smith, along with returning members, Gary Pierce and Brenda Burns. Pierce just completed two years as the regulatory panel’s chair. Stump serves on the board of the National Association of Regulatory Utility Commissioners. On Friday, the ACC also named a new executive director, Jodi Jerich, who comes to the commission from a three-year stint as head of the Arizona Residential Utility Consumer Office. Jerich formerly served as policy advisor to ACC commissioner Mike Gleason.
Utica a Key to Chesapeake’s Transition, Says McClendon
The Utica Shale may be “the best treasure of American energy,” Chesapeake Energy Corp. CEO Aubrey McClendon said Thursday.
Weak Northeast Leads Broad Decline; Futures Sink
Cash markets overall swan-dived an average 17 cents Friday as the usual suspects of an uninspired corps of weekend buyers joined forces with a mild weather outlook and a weak screen to send weekend and Monday gas sharply lower.
Pennsylvania Continues Push for Marcellus Ethane Cracker
Members of Pennsylvania Gov. Tom Corbett’s cabinet were joined by supporters from the state’s general assembly and local and regional officials Thursday at the Community College of Beaver County in Monaca, PA, to lobby for construction of a petrochemical complex, including an ethane cracker, in the southwestern Pennsylvania borough.