Most Points Inch Higher, But Eastern Averages Jump

The physical market was mostly quiet Friday and posted gains of about 2 cents, but that’s only if no one counted the meteoric gains caused by weather at numerous points from the Mid-Atlantic to New England. Futures were tame by comparison and the March contract was only able to carve out a 7-cent range. At the close March was unchanged from Thursday at $2.477, which is only 2.2 cents lower than the contract’s close the previous week.

February 13, 2012

Natural Gas Prices Dominate Calpine Earnings Report

Calpine Corp., which is one of the nation’s largest independent electricity generators, has experienced major impacts on its mostly natural gas-fired generation plant fleet from continuing low gas prices, according to senior executives who reported more red ink during a conference call with financial analysts Friday.

February 13, 2012

Eastern Cash Expected to Be Higher Friday As Cold Moves In

Cash market quotes nationally were mostly unchanged, but prices declined sharply at New England points and made gains at Midwest locations. A smaller-than-expected inventory draw of 78 Bcf prompted initial futures declines, but traders reconsidered and prices staged a modest advance on the day. At the close March had risen 2.9 cents to $2.477 and April had improved 3.8 cents to $2.636. March crude oil rose $1.13 to $99.84/bbl.

February 10, 2012

Cash Posts Double-Digit Losses; Futures Ease

Futures and cash prices worked lower Wednesday, but physical gas posted sharper losses as forecasts of milder weather prompted cash quotes mostly a dime to 15 cents lower with some spots in the Northeast declining between 20 to 30 cents. At the close of futures trading March had shed 2.4 cents to $2.448 and April had softened 3 cents to $2.598. March crude oil added 30 cents to $98.71/bbl.

February 9, 2012

North America Lifts Oilfield Specialty Chemicals Market

Driven mostly by North America, the world market for oilfield specialty chemicals climbed to almost $16 billion in 2010, with the United States and Canada accounting for more than half (52%), according to a global market study by IHS Chemical.

February 7, 2012

Small California E&P Makes Big Play in Alaska Shale

San Diego, CA-based Royale Energy Inc., a publicly held exploration and production (E&P) independent with about 15 MMcf/d of gas production, mostly in Northern California, was the biggest bidder for Alaska North Slope shale oil plays offered last month in a state lease sale.

January 18, 2012

Barclays: North American E&P Spending to Target Oil, Liquids in 2012

North American producers plan to target their 2012 capital expenditures mostly to oil and liquids-rich basins, with the Permian Basin and West Texas leading the list, according to a new spending survey by Barclays Capital.

December 23, 2011

Losses at Most Points Follow Early-Week Gains

After two days of mostly small upticks to begin the week, it was time Wednesday for a large majority of small gains to be the market’s main feature. Winter may have officially begun Tuesday, but the new season wasn’t readily evident, judging from the generally mild forecasts for its second day in most of the eastern third of the U.S.

December 22, 2011

Most Points Up Again, But Hints of Softness Appear

At first glance Thursday’s market looked similar to the one a day earlier: mostly small gains outweighing minor losses. However, there were fewer and smaller double-digit increases Thursday, while at the same time there were more and larger declines. The trend hinted at the possibility of cash numbers ending the week the same way they started, with softness dominant.

November 18, 2011

Pennsylvania Voters Nix Two Frack Bans; State College Ban Passes

Election Day in Pennsylvania turned out to be a mixed bag over the issue of hydraulic fracturing (fracking) in the Marcellus and Utica shales, with voters soundly defeating referendums that would have banned the practice in Peters Township and the City of Warren, but overwhelmingly supporting a similar measure in the Borough of State College.

November 10, 2011
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