Plains

With Friday’s predicted lows ranging from sub-zero to the teens and 20s from the Rocky Mountains through the Plains and Midwest into much of the inland Northeast, the surge of heating load was able to rally prices at a solid majority of points Thursday. Cash gas got a small extra boost from the prior-day advance of 3 cents by January futures, which ended a six-session losing streak for the Nymex contract.

Even with sub-freezing low temperatures continuing to be predicted for Thursday from the Northeast through the Midwest and Upper Plains into the Rockies, prices fell at nearly all points Wednesday. Relatively moderate weather across most of the southern half of the U.S., increasing storage burns and the sixth consecutive day of futures weakness on Tuesday were the chief instigators of the market downturn.

Houston-based Plains Exploration & Production Co. (PXP) said last Tuesday it has closed its acquisition of Pogo Producing Co. following approval by both companies’ stockholders.

Houston-based Plains Exploration & Production Co. (PXP) said Tuesday it has closed its acquisition of Pogo Producing Co. following approval by both companies’ stockholders.

Fir Tree Partners, one of Houston-based Plains Explorations & Production Co.’s (PXP) major investors, announced that it has agreed to support PXP’s proposed acquisition of Pogo Producing Co., saying it has resolved issues that had prompted it to previously say it would vote against the deal.

Fir Tree Partners, one of Houston-based Plains Explorations & Production Co.’s (PXP) major investors, announced Tuesday it has agreed to support PXP’s proposed acquisition of Pogo Producing Co., saying it has resolved issues that had prompted it to previously say it would vote against the deal.

Houston-based Plains Exploration & Production Co. (PXP) built its emerging domestic natural gas position and nearly doubled its production with an agreement to buy cross-town independent Pogo Producing Co. in a stock and cash transaction valued at $3.6 billion.

Houston-based Plains Exploration & Production Co. (PXP) built its emerging domestic natural gas position and nearly doubled its production with an agreement to buy cross-town independent Pogo Producing Co. in a stock and cash transaction valued at $3.6 billion.

Temperatures in most of the U.S. outside the Upper Plains will be peaking around 90 degrees or higher Tuesday, and cash gas prices responded to the increase in power generation load by recording double-digit price increases at most points Monday. A couple of western points rose less than a dime, and the Rockies saw small losses of up to nearly 15 cents.