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Peak

Nearly All Cash Points Retreat; Futures Suffer Technical Setback

Physical natural gas prices Tuesday for delivery Wednesday experienced broad and pervasive selling as a weak screen, expectations of sizeable storage builds, and no tropical activity pulled the plug on pricing. Overall, prices settled on average 8 cents lower, and virtually no points made it to the positive side of the trading ledger. At the close of futures trading, October had fallen 11 cents to $3.492 and November was down by 11.8 cents to $3.559. November crude oil fell 46 cents to $103.13/bbl.

September 25, 2013

California, Midcontinent Pace Cash Gains; Futures Rattle Higher

Natural gas prices in the physical market overall rose an average of 3 cents on Wednesday for Thursday delivery. Nearly all points posted gains of anywhere from a penny to a nickel with the infrastructure-challenged and unpredictable Marcellus Shale locations recording small losses to double-digit gains and Midcontinent and California points coming in with solid gains.

August 15, 2013

LNG Offloading at Northern Natural Plant Approved by FERC

FERC Thursday approved Northern Natural Gas pipeline’s proposal to construct and operate facilities to offload liquefied natural gas (LNG) at its peak-shaving facility in Hancock County, IA, to respond more quickly in the event of outage emergencies, heightened demand and required maintenance, as well as to provide LNG liquefaction and delivery service to third parties on an interruptible basis.

June 21, 2013
Warren Resources Plans 25 Coalbed Methane Wells in Wyoming

Warren Resources Plans 25 Coalbed Methane Wells in Wyoming

Warren Resources Inc. plans to drill 25 new coalbed methane (CBM) wells in the Spyglass Hill Unit in Wyoming’s Washakie Basin, a sub-basin of the Greater Green River Basin, the New York City-based exploration and production company said.

May 22, 2013
Plan In Hand, Newfield Needs to Execute, Analyst Says

Plan In Hand, Newfield Needs to Execute, Analyst Says

Shares of Newfield Exploration Co. (NFX) have taken a beating since the company last week provided its outlook for liquids production growth and announced plans to jettison international assets in favor of U.S. plays. It’s a sign that investors have heard enough talk and are ready to see action.

February 21, 2013

EIA: Utica Rig Count Doubles in Year’s Time

The U.S. Energy Information Administration (EIA) said Tuesday the number of drilling rigs active in the Utica Shale during the last week of October had more than doubled compared with the same week in 2011, with an increase in rigs targeting oil more than offsetting the loss of natural gas rigs.

November 26, 2012

Northern Natural Seeks Offloading Capability at Iowa LNG Plant

Northern Natural Gas pipeline has asked FERC for authorization to construct and operate facilities to offload liquefied natural gas (LNG) at its peak-shaving facility in Hancock County, IA, to respond more quickly in the event of outage emergencies, heightened demand and required maintenance, as well as to provide LNG liquefaction and delivery services to third parties on an interruptible basis.

November 20, 2012

Noble Gambles on New Unconventional Play in Nevada

Noble Energy Inc., whose exploration efforts are spread across the globe, on Thursday gave investors a peek at five frontier plays, including a promising unconventional find in an overlooked area of Nevada.

October 12, 2012

Marcellus Partner EOG Won’t Hit Drilling Target, Says Seneca

Seneca Resources Corp. has reduced its outlook in the Marcellus Shale after long-time joint venture (JV) partner EOG Resources Inc. said it didn’t expect to drill the minimum number of wells that were defined under an area of mutual interest (AMI).

July 27, 2012

New Mexico Energy Industry On the Rebound

Shaking off the economic barnacles of the recession better than some of its neighors, New Mexico’s energy industry has come back to 90% of all-time peak activity six years ago and done it mostly through ramped-up oil drilling chasing relatively high prices, according to a report by a nonprofit economic research firm.

July 2, 2012