Pitch

Continental Resources Inc. on Wednesday made a $340 million pitch to buy Bakken Shale-focused Wheatland Oil Inc., a company controlled by Continental CEO Harold Hamm.

A state official said a bill advancing in the Pennsylvania General Assembly that offers tax breaks to large businesses could also be used to help the state lure an ethane cracker and the thousands of jobs it would provide.

Speculation surrounding the United States Natural Gas Fund’s (UNG) impact on the natural gas futures market has reached a fever pitch, and now some analysts are advising investors that the commodity exchange-traded fund (ETF) is not even a good investment. According to a new Raymond James & Associates report, investors are “better off” investing in gas-weighted exploration and production (E&P) companies than in UNG.

Speculation surrounding the United States Natural Gas Fund’s (UNG) impact on the natural gas futures market has reached a fever pitch, and now some analysts are advising investors that the commodity exchange-traded fund (ETF) is not even a good investment. According to a new Raymond James & Associates report, investors are “better off” investing in gas-weighted exploration and production (E&P) companies than in UNG.

Alaska Gov. Frank Murkowski has written state House leaders to pitch for a third special session to ratify his gas pipeline fiscal contract with a trio of producers before he leaves office. The lame duck governor’s chief of staff said earlier this month that he had dropped plans to call for a third special session (see Daily GPI, Sept. 8).