Cash prices overall averaged a 7-cent gain in Wednesday’s trading as punishing cold refused to release its grip on Midwest and eastern energy markets. If oversized gains in New England are omitted, however, the increase falls to just above 3 cents.
Articles from Punishing
The “punishing economic contraction” and low wellhead energy prices continued to tie Texas producers’ hands in August, with many scrapping drilling plans and laying off workers, according to the latest Texas Petro Index (TPI).
The “punishing economic contraction” and low wellhead natural gas and oil prices continued to force Texas producers’ hands in August, with many scrapping drilling plans and laying off workers, according to the latest Texas Petro Index (TPI).
A defense lawyer for former Enron Corp. CEO Jeffrey Skilling continued his punishing cross examination of ex-CFO Andrew Fastow on Thursday, trying to undermine earlier testimony and discredit a handwritten three-page memorandum, which Fastow claims secretly documents shady deals between him and his former boss.
In what appeared to be the second tragic death to occur in the post-Enron, scandal-plagued energy industry in four months, Charles Dana Rice, senior vice president and treasurer of energy giant El Paso Corp., was found dead last week of an “apparent self-inflicted gunshot wound” to the head at his home in the upscale River Oaks section of Houston, according to authorities. The news sent the company’s stock into a tailspin last Monday, but it picked up points later in the week.