Languishing

Marcellus Is Still Golden Child Among Cabot’s Plays

Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.

February 25, 2013

Encana Secures Financial Backing for Alberta CBM Play

Encana Corp. said Friday it has secured a well-heeled unit of Toyota Tsusho Corp. to partner in its languishing Alberta coalbed methane (CBM) gas fields in the Horseshoe Canyon Fairway, agreeing to sell close to a one-third stake in the resource play, including natural gas production from 5,500 existing wells.

April 23, 2012

ExxonMobil: XTO Unit Reserves Up 81% Since 2010 Acquisition

With prices languishing at their lowest levels in a decade, there’s been lots of hand wringing among supporters of natural gas-focused independents as they drop dry gas rigs or shift to more liquids-rich plays. But don’t expect to see any of those types of worry lines on the top guns of ExxonMobil Corp., the biggest gas producer in the United States.

March 12, 2012

ExxonMobil: XTO Unit Reserves Up 81% Since 2010 Acquisition

With prices languishing at their lowest levels in a decade, there’s been lots of hand wringing among supporters of natural gas-focused independents as they drop dry gas rigs or shift to more liquids-rich plays. But don’t expect to see any of those types of worry lines on the top guns of ExxonMobil Corp., the biggest gas producer in the United States.

March 9, 2012

Puget Utility Sees Year-End Rush for Merger

Still languishing in a legally imposed “silent” period that runs until Dec. 10, Puget Sound Energy (PSE) nevertheless is keeping a busy pace preparing to make a deluge of key regulatory filings by the end of the year on its proposed $7.4 billion merger with a consortium of Australian and Canadian private equity interests bidding to take the Bellevue, WA-based utility private.

December 3, 2007

GOP Piggybacks Energy Tax Package to International Tax Reform Bill

In an attempt to breathe new life into the languishing energy bill, Chairman Pete Domenici (R-NM) of the Senate Energy and Natural Resources Committee announced on Monday a new strategy in which he plans to move the $13 billion tax portion of the measure through the Senate on a separate track ahead of the rest of the legislation.

April 6, 2004

KCBT Entertains a Change to Basis

With the total number of open positions on its Waha futurescontract languishing under 400, the Kansas City Board of Trade hastaken measures that could signal the end of that contract as itcurrently exists. The exchange is in discussions withPG&E-Texas, the owner of the Waha hub, over potentialramifications of a switch to a basis contract tied to Nymex’s HenryHub futures contract.

September 13, 1999

Chesapeake Playing Price Waiting Game

With its stock price languishing around a dollar, ChesapeakeEnergy is watching the depressed gas and oil market from atop a$900 million mountain of debt. The view, according to CEO Aubrey K.McClendon, is one of opportunity. “We think our company has one ofthe best upside stories for natural gas prices down the road.”

January 25, 1999