Jumped

U.S. Onshore Still Tops for Investment, Says Tudor

The onshore United States “remains the No. 1 place for investment” and the likelihood for future deal making “remains high,” according to Tudor, Pickering, Holt & Co. (TPH) CEO Bobby Tudor.

September 26, 2012

California, East Coast Lead Solid Gains; Futures Stumble

Physical natural gas prices overall jumped on average 7 cents Monday led by double digit gains on the West Coast, and added strength from eastern points. Operational problems in California prompted gains at supply points as far away as the Rocky Mountains. At the close of futures trading October had fallen 4.8 cents to $2.837 and November was 3.8 cents lower at $3.033. November crude oil slid 96 cents to $91.93/bbl.

September 25, 2012

Access Midstream Earnings Boosted by Organic Growth

Access Midstream Partners LP, formerly Chesapeake Midstream Partners LP, reported that net income jumped more than 25% year/year in part because of increased business in the Marcellus and Barnett shales.

August 10, 2012

Unprecedented Oil Output May Upend Markets, Says Harvard Researcher

Global oil production capacity increases, especially from unconventional U.S. oil, are accelerating so quickly that output could jump almost 20% by 2020, which could dramatically reduce and possibly collapse oil prices, according to an analysis by a Harvard Kennedy School researcher and former oil industry executive.

June 27, 2012

Chesapeake CEO Confident of Asset Sales; Shares Strengthen

Chesapeake Energy Corp.’s stock price jumped on Monday after the company secured a $3 billion term loan and CEO Aubrey McClendon expressed confidence in the company’s ability to complete planned property sales this year to bridge an estimated $10 billion funding gap. In addition, an estimated $1 billion volumetric production payment (VPP) in the Eagle Ford Shale has been sidelined in favor of more noncore asset sales.

May 15, 2012

Cash Market Shows Widespread Strength; Futures Slip

Physical gas prices for delivery Wednesday jumped on average about 8 cents Tuesday, but traders attributed it to short-term weather developments with little connection to any longer-term fundamental supply-demand shifts.

April 25, 2012

Oneok Partners Increasing Investment in Bakken

Oneok Partners LP said Wednesday it plans to invest $140-160 million to build a 270-mile natural gas gathering system and related infrastructure in Divide County, ND, in the heart of the Bakken Shale.

April 9, 2012

BP Still Faces Legal Claims Following Macondo Settlement

BP plc still faces legal hurdles, but it jumped a big one after clinching a hard-fought settlement earlier this month with the Plaintiff’s Steering Committee (PSC) to resolve a “substantial majority of legitimate economic loss and medical claims” from the Macondo well blowout two years ago in the deepwater Gulf of Mexico. The PSC acts on behalf of thousands of individuals and businesses in the multi-district litigation (MDL) proceedings pending in New Orleans (MDL 2179).

March 12, 2012

BP Trial Halted After $7.8B Accord Reached

BP plc still faces legal hurdles, but it jumped a big one late Friday after clinching a hard-fought settlement with the Plaintiff’s Steering Committee (PSC) to resolve a “substantial majority of legitimate economic loss and medical claims” from the Macondo well blowout two years ago in the deepwater Gulf of Mexico. The PSC acts on behalf of thousands of individuals and businesses in the multi-district litigation (MDL) proceedings pending in New Orleans (MDL 2179).

March 6, 2012

Market Diverges On Timing Issues; Futures Surge After EIA Report

Futures jumped Thursday following the release of government inventory data, but the surge occurred after most cash trading had taken place, leaving the illusion of divergent markets.

February 17, 2012