Proving

The pronghorn antelope, which coexists with natural gas wells in the Pinedale Anticline of the Upper Green River Basin of Wyoming, is proving adaptable to science-informed development, the Wildlife Conservation Society (WCS) said in its second annual report, published last week.

The pronghorn antelope, which coexists with natural gas wells in the Pinedale Anticline of the Upper Green River Basin of Wyoming, is proving adaptable to science-informed development, the Wildlife Conservation Society (WCS) said in its second annual report Monday.

Proving that it plans to stay in the fight to the end to acquire the Chicago Board of Trade (CBOT), IntercontinentalExchange (ICE) once again Thursday urged CBOT stockholders and members to reject the proposed sale to the Chicago Mercantile Exchange (CME) by voting “no” on July 9.

Proving that while it might be down it is definitely not out of the bidding war to acquire the Chicago Board of Trade (CBOT) following Monday’s Department of Justice (DOJ) ruling, IntercontinentalExchange Inc. (ICE) fired back Tuesday evening with an enhanced merger proposal to CBOT.

Proving that the fourth time really is the charm, prompt month natural gas futures settled above $8 on Thursday for the first time since Dec. 1, 2006. June natural gas bounced on either side of the long-term resistance level for most of the day following the Energy Information Administration’s (EIA) report that 95 Bcf was injected into underground storage for the week ended May 11.

Proving that even a string of rampaging hurricanes can’t keep the oil and gas industry down, Central Gulf of Mexico Lease Sale No. 198 brought in more than $588.3 million in high bids out of more than $978.3 million in total bids. Activity marked a strong increase over last year’s sales in the central and eastern Gulf and is testament to industry optimism for the Gulf, even in light of currently low (relatively) natural gas prices.

Proving that even a bunch of mighty hurricanes can’t keep the oil and gas industry down, Central Gulf of Mexico Lease Sale No. 198 brought in more than $588.3 million in high bids out of more than $978.3 million in total bids.

Proving that the previous week’s significant 171 Bcf withdrawal report was a one-time wonder, the Energy Information Administration (EIA) reported Thursday morning that 85 Bcf was removed from underground stores for the week ended March 3. With the gas storage surplus already factored into prices, April natural gas futures traded in a 24-cent range Thursday, settling at $6.601, down 4.7 cents.

Proving that skepticism over last week’s natural gas storage report was warranted, the Energy Information Administration (EIA) said Thursday morning that it significantly revised its report for the week ended Nov. 19 due to “a resubmission of data from one or more respondents.” The announcement immediately pulled the rug out from under the January futures contract, which ended up settling down 60.2 cents at $6.811.