Bolstered by Tuesday’s 9.5-cent gain in October futures, cash market averages across most of the country remained in the plus column for the third straight day Wednesday with a vast majority of points adding less than a dime. The recent stretch of price strength has market watchers scratching their heads for answers.
Plus
Articles from Plus
Burgeoning Marcellus Production Widens Price Differential
Making good on its comparisons to Saudi Arabia in terms of natural energy resources, the Marcellus Shale has been making its heft felt on the Northeast region’s pipelines, wreaking havoc with traditional basis on lines such as Tennessee Gas Pipeline.
September 7, 2011
New York Quotes Hit $14.50, But Most Points Fall
Despite predictions of peak temperatures near 100 in New York City generating a $4-plus increase in Transco Zone 6-New York quotes, prices fell in most of the rest of the market Thursday as the current eastern heat wave lost much of its bullish impact.
July 22, 2011
Industry Brief
Well servicing contractor Key Energy Services Inc. has agreed to acquire Edge Oilfield Services LLC and Summit Oilfield Services LLC for $300 million in stock and cash, plus reimbursement of up to $40 million of capital spending in the Eagle Ford Shale. Edge primarily rents hydraulic fracturing stack equipment. It also provides well testing services, rental equipment such as pumps and power swivels, and oilfield fishing services. Closing is expected during this quarter subject to customary conditions.
July 18, 2011
Reports Debate Marcellus Tax Payments
A pair of recent reports shows how difficult it is to measure the tax benefits of Marcellus Shale development in Pennsylvania.
May 5, 2011
BP Invests Billions in India’s Offshore
BP plc’s decision to invest billions in India’s offshore, just one month after a billion-plus tie-up with a Russian producer, doesn’t mean the oil major is abandoning the United States, CEO Bob Dudley said last week.
February 28, 2011
‘Blistering Hot’ Pressure Pumping Market, Says National Oilwell Exec
Drilling equipment demand in the global offshore, combined with unstoppable pressure pumping activity across North America, boosted the year/year performance for Houston’s National Oilwell Varco (NOV).
February 7, 2011
KKR Continues Building Shale Stake
Kohlberg Kravis Roberts & Co. (KKR) said Tuesday it has acquired Barnett Shale properties from ConocoPhillips. The deal is the latest in the private equity giant’s march into North American gas shale plays.
January 26, 2011
Chesapeake Dropping Down Haynesville Gathering System
Chesapeake Midstream Partners LP has agreed to acquire the Spring Ridge gas gathering system and related facilities in the Haynesville Shale from Chesapeake Midstream Development LP, a subsidiary of Chesapeake Energy Corp. (Chesapeake), for $500 million cash.
December 20, 2010
Shale Midstream the Focus of El Paso, KKR Partnership
El Paso Midstream Group Inc. and private equity firm Kohlberg Kravis Roberts & Co. (KKR) on Tuesday announced a $1 billion-plus joint venture (JV) that would focus on domestic natural gas midstream projects in some of the big shale plays.
December 8, 2010
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
