Prospects

As it shifts its portfolio toward more oily prospects, natural gas producer Williams Cos. last week agreed to pay $925 million to acquire 85,800 net acres in the Bakken Shale.

As it shifts its portfolio toward more oily prospects, natural gas producer Williams Cos. said Monday it will pay $925 million to acquire 85,800 net acres in the Bakken Shale.

As it shifts its portfolio toward more oily prospects, natural gas producer Williams Cos. said Monday it will pay $925 million to acquire 85,800 net acres in the Bakken Shale.

Encana Corp. and ExxonMobil Corp. on Thursday separately suspended operations at two natural gas prospects that are offshore Nova Scotia (NS) to prepare for the arrival of Hurricane Earl.

Data compiled by North Carolina Geological Survey (NCGS) researchers about shale gas prospects in the Deep River Basin of North Carolina has sparked a land rush in yet another potentially big onshore gas play.

Prospects of a significant heat wave in the South later this week, along with the growing likelihood of a tropical storm that could enter the Gulf of Mexico, caused mostly small gains at a large majority of locations Tuesday.

As expected, the prior-day spike of 28 cents by August futures and prospects for warm-to-hot weekend temperatures in much of North America generated gains in cash prices at virtually all points Friday.

Moody’s Investors Service on Friday said the Gulf of Mexico (GOM) oil spill could have a negative impact on BP plc’s prospects in the United States and worldwide for “a number of years.”

It may work well for other independents to set up joint venture (JV) agreements to help defray the costs of drilling natural gas prospects, but don’t look for Range Resources Corp. to take that step anytime soon, CEO John Pinkerton said last week.