March natural gas futures Thursday took the plunge below the psychologically important $4 support level and couldn’t recover, possibly dooming the market to a prolonged period of sub-$4 prices.
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Quebec Premier Takes Heat for Not Imposing Shale Moratorium
An online petition calling on Quebec Premier Jean Charest to resign for not placing a moratorium on shale gas development in the province, among other things, had surpassed more than 224,000 signatures as of Monday afternoon.
Analyst: Marcellus NGL Output Could Support New Pipeline Projects
Growing natural gas liquids (NGL) production from the Marcellus Shale could support one new pipeline project in the near term and possibly a second in about five years, according to Wells Fargo Securities senior analyst Michael Blum.
Analysts: Won’t Love Gas ‘For Good, Long While’
A plethora of natural gas shale deposits, persistently high rig counts, hedging and available debt capacity have stifled domestic natural gas prices for possibly three years, analysts at Tudor, Pickering, Holt & Co. (TPH) said last week. Tradition Energy analysts also blamed “the poor prospect of economic growth in the second half of the year” in revising down its gas price forecast.
Analysts Say They Won’t Love Gas ‘For Good, Long While’
A plethora of natural gas shale deposits, persistently high rig counts, hedging and available debt capacity have stifled domestic natural gas prices for possibly three years, analysts at Tudor, Pickering, Holt & Co. (TPH) said Tuesday.
Pennsylvania Putting the Pressure on Marcellus Gas Drilling
Pennsylvania legislators continue to wrestle over details of a $28 billion state budget, and a severance tax on natural gas drilling, possibly to be passed as a separate measure later this year, remains on the table. At the same time, the state’s regulators are pressuring drillers in the Marcellus Shale to improve the safety and environmental impact of their operations.
House Poised to Pass Bill Overhauling Financial Regulatory System
The House was poised to vote out possibly as early as Wednesday evening legislation calling for sweeping financial regulatory reforms, including regulation and transparency of the over-the-counter (OTC) derivatives market for the first time. Passage of the bill in the Senate, however, wasn’t expected to be as easy.
Futures Tread Water as Traders Debate Next Move
Possibly a little perplexed from the recent back-and-forth swings in natural gas futures values, traders on Monday kept the May contract in a tight range between $4.174 and $4.313 before it closed out the regular session at $4.262, up half of a penny.
Futures Tread Water as Traders Debate Next Move
Possibly a little perplexed from the recent back-and-forth swings in natural gas futures values, traders on Monday kept the May contract in a tight range between $4.174 and $4.313 before it closed out the regular session at $4.262, up half of a penny.
EPA OKs Air Permit for Shell to Explore Alaska’s Chukchi Sea
The Environmental Protection Agency (EPA) has approved a clean-air permit for Shell Oil to proceed with oil and natural gas exploration in Alaska’s Chukchi Sea possibly by as early as this summer.