Even with the uptick in U.S. natural gas prices, the outlook for North American gas activity this year “has not materially changed,” according to Halliburton Co. CEO Dave Lesar.
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Marathon Paying $3.5B to Grow Eagle Ford Stake
Marathon Oil Corp. has agreed to pay $3.5 billion to acquire the Eagle Ford Shale assets of Hilcorp Resources Holdings LP. Along with other transactions expected to close by the end of this year, Marathon’s Eagle Ford position is expected to more than double to 285,000 net acres, the company said.
SourceGas Accuses Kinder Morgan of Selling Excess Shipper Fuel
A cost and revenue study submitted by Kinder Morgan Interstate Gas Transmission LLC (KMIGT) last month confirms that the pipeline is “materially over-recovering” fuel from its customers, contend shippers SourceGas Distribution LLC and SourceGas Energy Services Co.
SourceGas Accuses Kinder Morgan of Selling Excess Shipper Fuel
A cost and revenue study submitted by Kinder Morgan Interstate Gas Transmission LLC (KMIGT) last month confirms that the pipeline is “materially over-recovering” fuel from its customers, contend shippers SourceGas Distribution LLC and SourceGas Energy Services Co.
El Paso Settles SEC Charges of Overstated Reserves
The Securities and Exchange Commission (SEC) Friday charged Houston-based El Paso Corp., two subsidiaries and five former employees with fraud for materially overstating the company’s proved oil and natural gas reserves and misleading investors.
El Paso Settles SEC Charges of Overstated Reserves
The Securities and Exchange Commission (SEC) Friday charged Houston-based El Paso Corp., two subsidiaries and five former employees with fraud for materially overstating the company’s proved oil and natural gas reserves and misleading investors.
Raymond James Forecasts 2005 Gas at $7.25/Mcf
Noting that, on average, the oil and natural gas price forecasts of Raymond James Energy Research have been more materially accurate than Wall Street estimates or 12-month futures strips from 2001 through 2004, Raymond James analysts said in a research note that they are again more optimistic than consensus, putting 2005 oil at $44/bbl and full-year gas at $7.25/Mcf.
Raymond James Forecasts 2005 Gas at $7.25/Mcf
Noting that, on average, the oil and natural gas price forecasts of Raymond James Energy Research have been more materially accurate than Wall Street estimates or 12-month futures strips from 2001 through 2004, Raymond James analysts said in a research note that they are again more optimistic than consensus, putting 2005 oil at $44/bbl and full-year gas at $7.25/Mcf.