After keeping natural gas options traders on pins and needles by teetering on either side of $8 during the session, February futures on Monday ultimately pushed to the upside, reaching a high of $8.100 before settling at $8.095, up 11.2 cents from Friday’s close.
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Pemex Pins Foreign E&P Investment on Multiple-Service Contracts
Mexico’s land and offshore regions are estimated to hold some of the largest oil and gas reserves in the world, but the country still is facing an uphill battle in moving from becoming an importer to a major exporter, according to state-run Petroleos Mexicanos (Pemex), which released preliminary figures on 2001 oil and gas production last week.
Pemex Pins Foreign E&P Investment on Multiple-Service Contracts
Mexico’s land and offshore regions are estimated to hold some of the largest oil and gas reserves in the world, but the country still is facing an uphill battle in moving from becoming an importer to a major exporter, according to state-run Petroleos Mexicanos (Pemex), which released preliminary figures on 2001 oil and gas production this week.
Penn West Pins ’03 Capital Budget on Exploration, Development
Staking its future growth on building natural gas reserves, Calgary-based Penn West Petroleum Ltd. has unveiled a record exploration and development program for 2003 to reflect a strong inventory of Canadian prospects and a “favorable” commodity price outlook for the year.