Largely

Despite an absence of $5 billion-plus mergers and acquisitions (M&A) in the oil and gas patch, overall deal activity is rebounding on the strength of mid-size deal flow driven largely by onshore resource plays and offshore Gulf of Mexico (GOM) economics, according to analysts at Raymond James & Associates Inc.

As a Calgary-based producer had expected, prices largely repeated Thursday’s market by continuing to fall at most points Friday based on light weather-based demand and a prior-day screen decline, but high temperatures in much of the West spurred further sizeable gains in San Juan Basin and Rockies locations.

In a move that was largely anticipated ever since electronic commodity trading began to really take off back in 2000, the New York Mercantile Exchange (Nymex) announced plans last week outlining when and how a commodity contract will make the “shift” from open outcry trading over to full electronic trading.

In a move that was largely anticipated ever since electronic commodity trading began to really take off back in 2000, the New York Mercantile Exchange (Nymex) announced plans this week outlining when and how a commodity contract will make the “shift” from open outcry trading over to full electronic trading.

The profitability of merchant power generators is largely linked to natural gas prices and industrial gas demand destruction as well, as domestic exploration and production success could yield long-term benefits for the sector, according to Standard & Poor’s Ratings Services (S&P).

The profitability of merchant power generators is largely linked to natural gas prices and industrial gas demand destruction as well, as domestic exploration and production success could yield long-term benefits for the sector, according to Standard & Poor’s Ratings Services (S&P).

Despite the 16.8-cent drop in January natural gas futures prices on Friday, cash market action was largely mixed on Monday with most points recording small gains or declines. However, the Northeast, fresh off of enduring a nor’easter over the weekend, saw a number of key points climb in excess of $1 over Friday’s average.

Although cold weather was due to extend into the weekend in the Northeast and Midwest, its price-boosting ability was largely gone Friday. Quotes softened at most points as a warming trend began in the South and the West was fairly moderate for the most part.

Only the Florida citygate’s drop of a quarter prevented an across the board cash rally Thursday that was largely abetted by a 21.1-cent gain in November futures the day before and to a lesser degree by modest to occasionally substantial heating load in most areas outside the desert Southwest.