Tag / Loss



Northeast Points Skew Modest Market Gains; Futures Rise Again

The cash market Wednesday staged a broad rally of 15 cents with only a half-dozen points falling into the loss column as Old Man Winter refused to let go even with the first day of spring only a week away.

March 14, 2013

Carrizo 4Q: Oilier Is Better

The fourth quarter was Carrizo Oil & Gas Inc.’s ninth consecutive quarter of revenue growth and one during which it charted record oil production and oil revenue, affirming the wisdom of management’s decision to transform Carrizo into an oil company, CEO Chip Johnson said.

February 27, 2013

Northeast Storm-Driven Surge Masks Overall Weakness; Futures Slide

Physical natural gas prices Friday rose an average 79 cents to $4.92, but if the highly volatile and constrained New England points are removed from the figures, the average was a loss of 2 cents to $3.58.

February 11, 2013

Northeast Pipes Masking Market Strength; Futures Make It Two In a Row

Natural gas pricing Tuesday was widely varied with the overall market showing an average loss of a dime. Once the high-flying New England pipelines such as Algonquin, Tennessee and Iroquois are factored out, however, the market actually showed a gain of 13 cents.

February 6, 2013

Hess: Shale Assets Not for Sale

Hess Corp. won’t sell its unconventional assets in the Bakken, Eagle Ford and Utica shale plays, but it is looking at proposals from a hedge fund that wants a larger stake in the company, Hess officials said during a 4Q2012 earnings call on Wednesday.

February 4, 2013
Texas Permitting, Gas Production Declining

Texas Permitting, Gas Production Declining

The number of original drilling permits issued in Texas during November declined from one year ago, as did the amount of natural gas produced from Texas wells during October compared to a year ago, according to Railroad Commission of Texas (RRC) figures.

December 28, 2012

Hedge Fund Seeks Ouster of SandRidge Energy Board

Hedge fund TPG-Axon Capital, one of SandRidge Energy’s largest investors, continues to push for changes at the Oklahoma City-based exploration and production company, calling for the replacement of SandRidge’s entire board of directors.

December 27, 2012

Cash Market Gains; Futures Tumble As Survey Shows Lower Prices

Cash prices overall were 7 cents higher Monday on average as prices staged a broad rally with only a handful of points in the loss column. Midcontinent, East, and Northeast locations were strong. Futures trading was generally lackluster for the early part of the session, then declined as traders absorbed a survey showing expectations of lower prices next week. At the close November had fallen 16.5 cents to $3.452 and December had slumped 17.9 cents to $3.768. November crude oil slumped $1.32 on its last trading day to $88.73/bbl.

October 23, 2012

Cash, Futures Dance Higher Despite Waffling Weather Outlooks

The overall cash market advanced another 6 cents on average with only a minority of points in the loss column and some locations sporting double-digit gains. Rockies and northern California points were strong as well as the Gulf Coast and the Midcontinent. Much to the delight of market technicians, futures put in a new high, and at the close November was 3.0 cents higher at $3.617 and December had added 4.3 cents to $3.947. November crude oil followed slumping equity markets and dropped $2.05 to $90.05/bbl.

October 22, 2012
Carrizo Takes More India Partners, This Time in Niobrara

Carrizo Takes More India Partners, This Time in Niobrara

Carrizo Oil & Gas Inc. on Thursday said international energy companies OIL India Ltd. and Indian Oil Corp. Ltd. (IOC) will make their first foray into U.S. shale by taking a 30% stake in the Houston operator’s holdings in the Niobrara Formation of Colorado.

October 5, 2012