El Paso Corp.’s share price on Thursday jumped almost 6% on news that the company’s 2010 performance and plans to deliver double-digit earnings this year should be enough to return the company to investment-grade status by 2012.
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Gas Pipe Capacity Players See Trading Soar
U.S. natural gas pipeline capacity traded in the first nine months of 2010 jumped by 143% year/year to more than 8.3 Bcf/d, according to Capacity Center, which tracks activity on every domestic interstate pipeline.
Top Gas Pipe Capacity Players See Trading Soar
U.S. natural gas pipeline capacity traded in the first nine months of 2010 jumped by 143% year/year to more than 8.3 Bcf/d, according to Capacity Center, which tracks activity on every domestic interstate pipeline.
Anadarko’s Shale Plays ‘Achieving Critical Mass’
Anadarko Petroleum Corp.’s sales volumes of natural gas, natural gas liquids (NGL) and oil jumped 6% in the second quarter from a year ago and are tracking to be as much as 7% higher than in 2009, boosted by strong production gains in the Marcellus, Eagle Ford and Haynesville shales, the company said last week.
ExxonMobil Accelerates North American Gas Output
Irving, TX-based super major ExxonMobil Corp. delivered the goods in 2Q2010, reporting that its net profits jumped 85% and production rose 8% from the year-ago period. Excluding one-time charges, ExxonMobil earned $7.56 billion ($1.60/share), compared with $3.95 billion (85 cents) in 2Q2009.
ExxonMobil Accelerates North American Gas Output
Irving, TX-based super major ExxonMobil Corp. delivered the goods on Thursday, reporting that its 2Q2010 net profits jumped 85% and production was up by 8% from the year-ago period. Excluding one-time charges, ExxonMobil earned $7.56 billion ($1.60/share), compared with $3.95 billion (85 cents) in 2Q2009.
Quicksilver, Reliance Said to Be in Talks
Quicksilver Resources Inc.’s share price jumped Monday on reports that India’s Reliance Industries Ltd. is contemplating a joint venture or even a takeover.
June Expires Higher Despite Shaky Fundamentals
The June natural gas futures contract finished its run on Wednesday with a bullish short-covering bang, but not as bullish as some had expected for the contract’s last day on the board. June jumped to a high of $4.245 before backing off to expire at $4.155, up 10.4 cents from Tuesday’s close. July futures climbed 6.5 cents to close at $4.179.
U.S. Gas, Oil M&A Tops Global Buys
Global merger and acquisition (M&A) activity among natural gas and oil companies in the first three months of the year jumped to its second highest dollar volume in two years, PLS Inc. said last week.
U.S. M&A Activity Leads World in First Quarter
Global merger and acquisition (M&A) activity among oil and gas companies in the first three months of the year jumped to its second highest dollar volume in two years, PLS Inc. said this week.