Margin

Anti-Speculation Measure Clears House

Against a backdrop of falling crude oil and natural gas prices, the House Thursday passed by an overwhelming margin legislation that seeks to curb “excessive” speculation in the energy markets.

September 19, 2008

House OKs Farm Conference Report Boosting CFTC Oversight

The House of Representatives Wednesday passed by an overwhelming margin a conference report on the nearly $300 billion farm bill that contains a provision to close the so-called “Enron Loophole,” which for years has exempted large electronic trading platforms from the oversight of the Commodity Futures Trading Commission (CFTC).

May 15, 2008

Industry Brief

The New York Mercantile Exchange Inc. (Nymex) announced margin increases Thursday for its natural gas; Henry Hub swap, swing swap and penultimate swap; natural gas penultimate and last day financial; and NymexmiNY natural gas futures contracts, effective at the close of business Friday. Margins for the first month of the natural gas, natural gas penultimate financial, and natural gas last day financial futures contracts will increase to $6,250 from $6,000 for clearing members, to $6,875 from $6,600 for members, and to $8,438 from $8,100 for customers. The margins for the second month will increase to $6,250 from $5,750 for clearing members, to $6,875 from $6,325 for members, and to $8,438 from $7,763 for customers. The margins for the third to fifth months will increase to $6,500 from $5,750 for clearing members, to $7,150 from $6,325 for members, and to $8,775 from $7,763 for customers. The margins for the first month of the NymexmiNY natural gas and Henry Hub swap and penultimate swap futures contracts will increase to $1,563 from $1,500 for clearing members, to $1,719 from $1,650 for members, and to $2,025 from $1,941 for customers. The margins for the second month will increase to $1,563 from $1,438 for clearing members, to $1,719 from $1,581 for members, and to $2,109 from $1,941 for customers. The margins for the third to fifth months will increase to $1,625 from $1,438 for clearing members, to $1,788 from $1,581 for members, and to $2,194 from $1,941 for customers. The margins for the Henry Hub swing swap futures contracts will increase to $1,563 from $1,500 for clearing members, to $1,719 from $1,650 for members, and to $2,109 from $2,025 for customers. For increases in the out-month contracts in all of Nymex’s natural gas products, visit www.nymex.com.

April 18, 2008

House-Passed Renewable Tax Bill Raises Taxes for Oil, Gas

The House last Wednesday passed by a wide margin Democratic legislation that would extend tax breaks for renewable energy and energy efficiency at the expense of oil and natural gas producers.

March 3, 2008

House-Passed Renewable Tax Bill Raises Taxes for Oil, Gas

The House Wednesday passed by a wide margin Democratic legislation that would extend tax breaks for renewable energy and energy conservation at the expense of oil and natural gas producers.

February 28, 2008

Producers’ Share Prices Could Suffer From Rockies Basis Doldrums

Gas-weighted Rockies producers such as Bill Barrett Corp., Questar Corp., Ultra Petroleum and The Williams Companies face margin compression in the near term while they wait for the next increments of the Rockies Express pipeline to come online at the beginning of 2008 and mid-2009, according to Raymond James & Associates Inc.

July 23, 2007

Basis Doldrums Could Hit Share Prices of Rockies Producers

Gas-weighted Rockies producers such as Bill Barrett Corp., Questar Corp., Ultra Petroleum and The Williams Companies face margin compression in the near term while they wait for the next increments of the Rockies Express pipeline to come online at the beginning of 2008 and mid-2009, according to Raymond James & Associates Inc.

July 17, 2007

House-Passed Bill Strips Producers of Tax Breaks, Royalty Incentives

The House last Thursday passed by a wide margin energy legislation (HR 6) that is a major blow to traditional oil and natural gas producers, but a significant boon to makers of renewable and alternative energy fuels. A key Senate energy panel, meanwhile, took its first look at problems with the royalty-collection practices in the Gulf of Mexico.

January 22, 2007

House-Passed Bill Strips Producers of Tax Breaks, Royalty Incentives

The House Thursday passed by a wide margin energy legislation (HR 6) that is a major blow to traditional oil and natural gas producers, but a significant boon to makers of renewable and alternative energy fuels. A key Senate energy panel, meanwhile, took its first look at problems with the royalty-collection practices in the Gulf of Mexico.

January 19, 2007

Senate OKs Eastern Gulf Leasing; House Told Not to ‘Tamper’

The oil and natural gas industry clinched a crucial victory last Tuesday when the Senate by a wide margin passed legislation that paves the way for future leasing in the eastern Gulf of Mexico. However, the legislative battle is far from over. The Senate and House are now tasked with the responsibility of reconciling two vastly different offshore leasing bills — a feat some believe will test the mettle of even the best Capitol Hill negotiators.

August 7, 2006
1 3 4 5 6 7 9