Pricing

Interactive Data Corp., a leading global provider of securities pricing, financial information and analytic tools to investors and an affiliate of the Financial Times of London, announced last Wednesday it has signed an asset purchase agreement to acquire FutureSource, LLC and its subsidiaries for $18 million in cash.

Interactive Data Corp., a leading global provider of securities pricing, financial information and analytic tools to investors and an affiliate of the Financial Times of London, announced Wednesday it has signed an asset purchase agreement to acquire FutureSource, LLC and its subsidiaries for $18 million in cash.

San Diego-based Sempra Energy and its two utilities, Southern California Gas Co. and San Diego Gas and Electric Co., were accused of driving up wholesale natural gas prices, along with several other natural gas companies, in a lawsuit filed in a California Superior Court in San Diego Thursday. Separate suits were filed by the city/county of San Francisco and the county of Santa Clara.

Acknowledging the possibility that a new oil and gas pricing environment could be in the offing, ConocoPhillips CEO Jim Mulva, nevertheless, is betting that current high prices probably are not sustainable. Mulva said the company has decided not to increase its current $6.2 billion a year exploration and production budget.

Acknowledging the possibility that a new oil and gas pricing environment could be in the offing, ConocoPhillips CEO Jim Mulva, nevertheless, is betting that current high prices probably are not sustainable. Mulva said the company has decided not to increase its current $6.2 billion a year exploration and production budget.

The current gas pricing environment is not an anomaly that is soon to vanish in a sudden market collapse. It’s a supply-driven predicament that’s going to stick around for years, according to consultants at Energy and Environmental Analysis Inc. (EEA).

The current gas pricing environment is not an anomaly that is soon to vanish in a sudden market collapse. It’s a supply-driven predicament that’s going to stick around for years, according to consultants at Energy and Environmental Analysis Inc. (EEA). The best thing large gas consumers can do in the short-term, EEA said, is be more efficient by using more combined heat and power generation, traditionally called cogeneration.

With some exceptions in the West, May pricing began Friday anywhere from flat to as much as about a quarter above April-ending levels. Cold weather that had been supporting Rockies prices through Thursday was due to yield to thermometer levels 5-20 degrees above average over the weekend, and thus that region saw most of the losses, topped by dips of about 30 and 15 cents at the highly temperature-sensitive CIG and Cheyenne Hub points respectively.

Prices were mixed on either side of flat Monday, but the market as a whole leaned decidedly to the downside. Not much appreciable heating load remained outside the Upper Plains and Rockies.