Natural gas futures followed big brother crude’s lead lower for a second consecutive session, which had at least one veteran broker questioning the safety of the natural gas $3.155 low for the move recorded back on April 27. August natural gas futures shaved 5.8 cents during Tuesday’s regular session to close at $3.429.
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Enterprise-TEPPCO Merger Creates Midstream Giant
After rejecting a $2.8 billion takeover proposal from Enterprise Products Partners LP in April, TEPPCO Partners LP said Monday it has agreed to merge with Enterprise to form the largest publicly traded energy partnership with an enterprise value of more than $26 billion. The stock deal is valued at about $3.3 billion and would create a company similar in size to Kinder Morgan.
June 30, 2009
Texas Energy Economist Sees Recovery ‘Well into 2010’
Natural gas and oil exploration and development in Texas continued to decline through March for the fifth consecutive month, sustaining a trend that may lead to severe job losses in the state and ultimately skyrocketing energy prices, energy economist Karr Ingham said Monday.
May 12, 2009
CFTC Has to Be ‘Tough Cop on Beat,’ Nominee Says
President Obama’s nominee to lead the Commodity Futures Trading Commission (CFTC) last Wednesday urged Congress to give the agency “more tools” to deal with abuses in the futures markets.
March 2, 2009
Energy Industry Said Key to Carbon Capture
The oil and natural gas industry is positioned to lead and benefit from the commercialization of various carbon sequestration strategies, according to a report issued Feb. 12 by Cambridge, MA-based Emerging Energy Research (EER). The report concludes that there is a potential $30-70 billion annual industry waiting to emerge by 2030 in the carbon capture and storage (CCS) business.
February 23, 2009
Oil and Gas Industry Can Lead Carbon Capture, Report Says
The oil and natural gas industry is positioned to lead and benefit from the commercialization of various carbon sequestration strategies, according to a report issued last Thursday by Cambridge, MA-based Emerging Energy Research (EER). The report concludes that there is a potential $30-70 billion annual industry waiting to emerge by 2030 in the carbon capture and storage (CCS) business.
February 18, 2009
Utah House Supports Measure to Spur NGV Use
Following the lead of Gov. Jon Huntsman, the Utah House of Representatives Friday passed a resolution 70-0 designed to move the state and the nation on the path to conversion and use of natural gas-powered vehicles.
February 2, 2009
Utah House Supports Measure to Spur NGV Use
Following the lead of Gov. Jon Huntsman, the Utah House of Representatives Friday passed a resolution 70-0 designed to move the state and the nation on the path to conversion and use of natural gas-powered vehicles.
February 2, 2009
EnCana Signals Possible Shift in Colorado If Rules Revised
Colorado’s move to impose stricter regulations on the oil and natural gas industry may lead EnCana Corp. to reallocate a chunk of its North American exploration budget to more “friendly” areas of the United States, a company executive said last week.
April 28, 2008
EnCana Signals Possible Shift in Colorado If Rules Revised
Colorado’s move to impose stricter regulations on the oil and natural gas industry may lead EnCana Corp. to reallocate a chunk of its North American exploration budget to more “friendly” areas of the United States, a company executive said Tuesday.
April 23, 2008
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