Nine

Putting in their eighth up day out of the last nine sessions, September natural gas futures on Friday saved their best for the last 15 minutes of the regular session. During this time, the prompt month rallied to record a new $8.750 high before settling at $8.700, up 22.9 cents on the day.

Nine more rigs were searching for oil and natural gas in the United States during the week ended March 4 than in the previous week, according to the latest Baker Hughes rotary rig count.

Residents in nine northeast Ohio communities have to decide by Monday (Oct. 6) whether to join or withdraw from the Northeast Ohio Public Energy Council (NOPEC), an energy aggregator, which was set up to provide natural gas to customers.

Natural gas futures dropped to new nine-month lows Thursday morning on the news that a whopping 102 Bcf was added to underground storage facilities last week. After having teetering precariously above support at $4.55 both on Wednesday and then again on Thursday morning, the October contract was ushered lower in a wave of knee-jerk selling after the 10:30 a.m. EDT report.

Nine consecutive weeks of sizable, if not record, builds to natural gas storage inventories appear to be lessening some of the concerns about supply levels for next winter, but major industrial gas customers aren’t feeling any easier.

Two affiliates of Kerr-McGee Corp. have acquired 100% interest in nine oil and gas licenses offshore the Bahamas. The licenses, located in the Blake Plateau basin about 100 miles north of Freeport, Grand Bahamas Island, cover 6.5 million acres in water depths ranging from 650 feet to more than 7,000 feet.

Two affiliates of Kerr-McGee Corp. have acquired 100% interest in nine oil and gas licenses offshore the Bahamas. The licenses, located in the Blake Plateau basin about 100 miles north of Freeport, Grand Bahamas Island, cover 6.5 million acres in water depths ranging from 650 feet to more than 7,000 feet.

Nine northeastern states last Tuesday filed a lawsuit challenging the final version of a rule recently issued by the Environmental Protection Agency (EPA) aimed at improving its New Source Review (NSR) process related to power plant emissions, but which the states claim is the equivalent of saying “Northeast, drop dead.”

Devon Energy Corp.’s 98% drilling success, combined with the completed sales of $239 million in non-strategic assets, guided the Oklahoma City-based independent above estimated earnings per share (EPS) and cash flow targets in the third quarter.