Houston-based Marathon, which is the fourth largest integrated producer in the United States, began leasing acreage in the DJ Basin in 2010. It currently is acquiring 2-D and 3-D seismic data and expects to participate in eight to 12 gross exploration wells by the end of the year.
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$10-Plus Gas Prices Through 2008 Appear Justified, Says Analyst
Natural gas prices of $10/MMBtu or higher in the last half of 2008 appear justified, given the colder-than-normal weather last winter, a hotter-than-normal early summer and significantly weaker imports of liquefied natural gas (LNG) and Canadian gas, an energy analyst said last week.
$10-Plus Gas Prices Through 2008 Appear Justified, Says Analyst
Natural gas prices of $10/MMBtu or higher in the last half of 2008 appear justified, given the colder-than-normal weather last winter, a hotter-than-normal early summer and significantly weaker imports of liquefied natural gas (LNG) and Canadian gas, an energy analyst said Monday.
Energy Execs Predict 2-3 More Bankruptcies in Enron’s Wake
By this summer, at least two more energy trading companies — more likely asset-light instead of asset-heavy — may be forced to file for bankruptcy, which will offer opportunities for other companies, and perhaps even an opening for new trading players, a panel of energy executives forecast last Tuesday. Speaking at the UBS Warburg Global Energy & Utilities Conference in New York City, the panel agreed that companies most likely to succeed will be the multi-dimensional players, with balanced portfolios that operate in both high or low volatility markets.
Residential Customers Not Plugged Into the Energy Web
“Significant web-based investments directed at residential consumers can only be justified on the basis of faith–not rational financial analysis,” according to a survey by Primen which found virtually no consumers interacting with energy companies on the internet.