Knocked

Encana Curtails More Gas, Cuts Spending

Encana Corp., one of the biggest natural gas producers in North America, knocked out low prices during 1Q2012 with a solid commodity price hedging program, asset sales and joint ventures, turning the table on year-ago losses. To keep a stranglehold on declining prices, the independent is reducing gas production through spending cuts and shutting in wells, the CEO said last week.

April 30, 2012

Encana to Reduce Onshore Gas Output through 2012

Encana Corp., one of the biggest natural gas producers in North America, knocked out low prices during 1Q2012 with a solid commodity price hedging program, asset sales and joint ventures, turning the table on year-ago losses. To keep a stranglehold on declining prices, the independent also is reducing gas production through spending cuts or shut-in wells.

April 26, 2012

Futures Sink on U.S. Recession Fears

Recession fears that once again knocked down Wall Street on Wednesday also put downward pressure on energy futures as November natural gas dropped 13.5 cents to $6.592 and November crude shaved $4.09 to close at $74.54/bbl.

October 16, 2008

Bulls Remain in Charge as Futures Pushed Near $11 Again

Despite trading within a slim 10-cent range, May natural gas futures on Friday knocked on the $11 door for a second consecutive session, only to be rebuffed once again. The prompt-month contract traded between $10.875 and $10.970 before closing out the day at $10.963, up 17.3 cents from Thursday and 37.6 cents higher than the previous week’s finish.

April 28, 2008

Columbia Gulf Ramps Back Up After Outage, Receipt Suspension

Columbia Gulf Transmission (CGT) was ramping back up on its flow volumes late last week after its Hartsville (TN) Compressor Station was knocked out of action last Tuesday night in a fiery explosion caused by one of a series of tornadoes in the South that killed at least 59 people.

February 11, 2008

Natgas Development Loses House Appropriations Votes

Oil and gas development scored a strikeout last week as the U.S. House Appropriations Committee knocked out a proposed amendment to narrow the offshore ban on natural gas drilling and development from 50 miles off the U.S. coasts to 25 miles; added language to bill’s accompanying report calling for an additional environmental study of Alaska’s Bristol Bay area before leasing; and recommended that holders of less restrictive 1998-1999 Gulf of Mexico leases renegotiate those leases or be prohibited from bidding on new leases.

June 11, 2007

Natgas Development Loses House Appropriations Votes

Oil and gas development scored a strikeout Thursday as the U.S. House Appropriations Committee knocked out a proposed amendment to narrow the offshore ban on natural gas drilling and development from 50 miles off U.S. coasts to 25 miles; added language to the bill’s accompanying report calling for an additional environmental study of Alaska’s Bristol Bay area before leasing; and recommended that holders of less restrictive 1998-1999 Gulf of Mexico leases renegotiate those leases or be prohibited from bidding on new leases.

June 8, 2007

Storms Knock Out Substantial Gas Processing In Alberta

Severe thunderstorms knocked out multiple natural gas processing plants near Empress, AB, on Tuesday evening, affecting several Bcf/d of processing capacity and significant production of ethane, propane and other gas liquids. TransCanada PipeLines said six processing plants and related operations lost power and suffered some damage, including plants owned by ConocoPhillips, EnCana, Atco, Inter Pipeline and BP Canada. No injuries were reported in any of the outages.

June 24, 2005

Hurricane Ivan Knocks Out 55.5 Bcf through Gulf Shut-Ins

Hurricane Ivan so far has knocked out more than 55.5 Bcf of natural gas because of production shut-ins in the Gulf of Mexico (GOM), and may have at least temporarily reversed what had been a very negative price momentum in the gas market between mid-August and September, according to the latest statistics from the Minerals Management Service (MMS).

September 30, 2004

El Paso, AEP Take Another Analyst (SSB) Hit

Continuing to take the low road on certain energy companies, Salomon Smith Barney (SSB) Friday knocked the props out from under American Electric Power (AEP) and El Paso Corp., removing the “outperform” label and dropping them back “in-line” with the rest of the gas and electric utility sector.

October 21, 2002
‹ Previous 1 2