Concerns over natural gas development and its potential to cause earthquakes continue to linger in Johnson County, TX, after the area has experienced about 10 modest quakes during the last month.
Linger
Articles from Linger
Week’s Rally Ends With Nearly All Points Falling
Despite getting prior-day screen support and frigid weather continuing to linger in several regions, cash prices were down at a large majority of locations Thursday. The market may regain its footing as soon as Friday, however, as the West leads yet another turnaround to lower temperatures in a substantial portion of North America.
EOG Steps Back From Gas Activity
Dismal natural gas prices, which EOG Resources Inc. expects will linger for a while, have turned the company’s attention from gas to crude oil and liquids production. The shift in focus will eventually change EOG’s production profile to roughly 50% liquids, but that doesn’t mean gas activity will be forsaken as the Barnett Shale and other plays continue to offer an abundance of supply, CEO Mark G. Papa told financial analysts last Tuesday.
EOG Biding Time on Gas Plays, Waiting for Market Turn
Dismal natural gas prices, which EOG Resources Inc. expects will linger for a while, have turned the company’s attention from gas to crude oil and liquids production. The shift in focus will eventually change EOG’s production profile to roughly 50% liquids, but that doesn’t mean gas activity will be forsaken as the Barnett Shale and other plays continue to offer an abundance of supply, CEO Mark G. Papa told financial analysts Tuesday.
WSI Forecast: Cold, Colder, Coldest Months Ahead
Cold weather will dominate the West over the next three months, while warmer-than-normal temperatures that are expected to be in place in the Northeast in January will move out of much of the region in February and colder-than-normal air will be firmly in control by March, according to forecaster WSI Corp. of Andover, MA.
Cold, Colder, Coldest Months Ahead for Northeast
Cold weather will dominate the West over the next three months, while warmer-than-normal temperatures that are expected to be in place in the Northeast in January will move out of much of the region in February and colder-than-normal air will be firmly in control by March, according to forecaster WSI Corp. of Andover, MA.
Some Flatness Mixed into Continuing Softening
Despite indications that severe cold might linger in the Northeast and become more entrenched in the Midwest, prices continued to fall throughout most of the cash market Thursday. But several points — mostly in the Rockies — were flat to up slightly, and Westcoast Station 2 managed a gain of nearly C20 cents despite the pipeline’s imbalance tolerances continuing to encourage maximum drafting.
Futures End Higher as Some Ivan-Related Production Shut-Ins Linger
After roller-coastering within a 13-cent range for a majority of Monday’s regular session, October natural gas futures decided that the higher end was more to its liking, settling up 14.1 cents on the day at $5.249.
Chilly Northeast Exception to General Swing Softness
The Northeast, where unseasonable cold was expected to linger for another day or two, was the rare market seeing rising prices as April aftermarket trading got under way Monday. Otherwise, except for some flat to mildly softer numbers in California and the Rockies, losses tended to range from about a nickel to 30 cents. The overall market was weighed down by general mild weather and continued screen weakness.
Analyst: Cold Blast Could Linger Forcing Gas Bills Higher
With the arrival of a frigid arctic air mass in the East and indications that it will stick around for a while, natural gas consumers should expect “a material increase” from their recent “eye-popping” December and January heating bills, according to UBS Warburg analyst Ron Barone.