Whether the natural gas market is “proactive or reactive” today doesn’t matter much in the grand scheme of things, according to Bentek Energy’s Jack Weixel. Like the chicken or the egg metaphor, asking which came first, gross gas production or dry gas production is irrelevant when considering that today output is 20 Bcf/d higher than in 2006. The real question is how will the market adapt, or rather, what’s the market going to do with all the production?
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Analysts Look to Earnings News for ’12 Capex Clues
The earnings season for North America’s oil and natural gas companies kicks off Monday with Halliburton Co., and analysts will be tuned in for signals about where capital spending is going in 2012. Many admit that it’s been difficult to get a fix, in part because of global economic turmoil, but also because of relentless domestic natural gas production.
No Big Surprises Expected in Energy Sector Earnings
The earnings season for North America’s oil and natural gas companies kicks off Monday with Halliburton Co., and analysts will be tuned in for signals about where capital spending is going in 2012. Many admit that it’s been difficult to get a fix, in part because of global economic turmoil, but also because of relentless domestic natural gas production.
EnerVest Pursuing Utica Outside Chesapeake JV
While it kicks off a long-term partnership with Chesapeake Energy Corp. on a drilling program in the Utica Shale of eastern Ohio, EV Energy Partners LP (EVEP) is preparing its own exploration campaign in the region.
Gas Futures Free-Fall Lower as Cash-Futures Convergence Kicks Up
Natural gas bears roared back to life Monday and put to rest any doubt about who is in charge of the market. It took less than an hour for these sellers to rescind Friday’s 24-cent advance, but that was not enough. By the time the dust had settled and the last trade tabulated, the numbers for Monday’s trading session were impressive. With its $6.762 settle, the December contract had fallen 35.3 cents from Friday’s close and down nearly $2.80 from its late October peak.
Gas Futures Free-Fall Lower as Cash-Futures Convergence Kicks Up
Natural gas bears roared back to life Monday and put to rest any doubt about who is in charge of the market. It took less than an hour for these sellers to rescind Friday’s 24-cent advance, but that was not enough. By the time the dust had settled and the last trade tabulated, the numbers for Monday’s trading session were impressive. With its $6.762 settle, the December contract had fallen 35.3 cents from Friday’s close and down nearly $2.80 from its late October peak.
West Region Gas Study Kicks Off Effort with CA Workshop
The Western Governors’ Association (WGA) natural gas supply/demand study of the West region of North America will kick off Tuesday in Sacramento, led by a team assembled by the California Energy Commission (CEC), which has contracted with the governors’ group to complete a two-phase, first-ever regional study. The first part will be completed by the end of this year; the second phase in the fall of next year.
West Region Gas Study Kicks Off Effort with CA Workshop
The Western Governors’ Association (WGA) natural gas supply/demand study of the West region of North America will kick off Tuesday in Sacramento, led by a team assembled by the California Energy Commission (CEC), which has contracted with the governors’ group to complete a two-phase, first-ever regional study. The first part will be completed by the end of this year; the second phase in the fall of next year.
June Slips 2 Cents as Consolidation Kicks in After Monday’s Rally
After starting out the session at a new high of $6.76, the June natural gas futures contract, one day before expiry, slid to the $6.55 level in mid-day trading before closing at $6.684, down 2.1 cents on the day.
CPUC Kicks Off Two-Phase ’04 Natural Gas Proceeding
Along with its two more headline-grabbing actions on electricity procurement and transmission, the California Public Utilities Commission last Thursday established a two-phase proceeding to be completed before the end of the year to “ensure reliable, long-term supplies of natural gas” are available to the state.