Money

The United States Natural Gas Fund (UNG) may have no more limited partnership units left it can sell, but that has not entirely prevented the flow of new money into exchange traded securities that mimic the movements of natural gas prices at the Henry Hub.

Total units outstanding in the United States Natural Gas fund (UNG) surged to a record 347.4 million units on Wednesday as investors continued to pour money into the fund, despite the recent downturn in U.S. natural gas prices. Total units outstanding in UNG have increased 34% since June 25, even though the fund’s current benchmark — the August New York Mercantile Exchange (Nymex) Henry Hub futures price — has fallen 16% over the same time period.

Fayetteville Shale-focused producer Southwestern Energy Co. has decided to wait out low natural gas and oil prices and will cut more rigs and more money, the CEO said Tuesday. The news came after the producer reported that it more than doubled its gas and oil production in 1Q2009 from a year ago.

Fayetteville Shale-focused producer Southwestern Energy Co. has decided to wait out low natural gas and oil prices and will cut more rigs and more money, the CEO said Tuesday. The news came after the producer reported that it more than doubled its gas and oil production in 1Q2009 from a year ago.

The wolf could be at the door of tiny San Antonio, TX-based producer TXCO Resources Inc. any day. The company has run out of money, pledged most of its assets to creditors and is looking for options including a merger or sale. However, it does enjoy positive cash flow and could turn things around given enough time, CEO James Sigmon told investors Thursday.

The wolf could be at the door of tiny San Antonio, TX-based producer TXCO Resources Inc. any day. The company has run out of money, pledged most of its assets to creditors and is looking for options including a merger or sale. However, it does enjoy positive cash flow and could turn things around given enough time, CEO James Sigmon told investors Thursday.

The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.

The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.

Energy conservation is good for the environment and helps consumers save money, but it also bolsters the esteem in which utilities are held by their customers, according to J.D. Power and Associates’ 2008 Gas Utility Residential Customer Satisfaction Study.