An agreement to merge with Energy Transfer Equity LP (ETE) may be in place, but Southern Union Co. agreed Friday to discuss a higher offer from Williams.
Quickly
Articles from Quickly
Southern Union Agrees to Negotiate Tie-Up with Williams
Williams said Tuesday it hopes to complete negotiations quickly after Southern Union Co. agreed to consider its unsolicited takeover offer.
Industry, Analysts Refute NYT Attack on Shale Gas
The natural gas industry and energy insiders quickly reacted to a New York Times (NYT) story on Sunday, which cited unnamed industry and government sources describing the shale gas industry as a “Ponzi” scheme with a future similar to Enron Corp. and the bursting of the dot.com bubble.
Directional Traders Piling on Short Side of Market; May Slides
May natural gas futures opened higher Monday but quickly tumbled nearly 20 cents to land solidly in the loss column, as falling oil markets were able to tug natural gas lower. At the close May was off by 6.6 cents to $4.138 and June had declined 7.4 cents to $4.190. May crude oil swan-dived $2.54 to $107.12/bbl.
Shale Companies Learning How to ‘Get It Right’
When people talk about “getting it right” in shale development, they usually mean protecting the environment, and on Tuesday an audience in Pittsburgh heard various ways that the natural gas industry can get it right in the Marcellus Shale.
Service Operators See Onshore Gains, Iffy GOM
Halliburton Co., Baker Hughes Inc. and Weatherford International Ltd. all reported solid quarterly and year-end earnings last week, but there is concern about how quickly Gulf of Mexico (GOM) business will return to normal, management teams said.
Computers, Tight Stops, Weather Reports Send Futures Reeling
Natural gas futures retreated Monday as traders quickly reacted to reports of some moderation in private weather forecasts while others attributed the magnitude of the decline to computer-driven sell orders. At the close February natural gas fell 15.6 cents to $4.580 and March retreated 14.5 cents to $4.598. March crude oil lost $1.24 to $87.87/bbl.
Unconventional Shale Gas, Oil to Expand Rapidly, Says IEA
More than one-third of the global increase in natural gas production by 2035 will come from unconventional shale gas, coalbed methane and tight gas, according to the World Energy Outlook 2010 (WEO-2010), which was issued by the International Energy Agency (IEA) on Tuesday.
Report: Shallow-Water Permit Slowdown Hitting Gulf Economy
It is “imperative” that the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) quickly resume issuing permits for shallow-water drilling, according to researchers at the Maguire Energy Institute at Southern Methodist University’s (SMU) Cox School of Business, who found that the slowdown in approving shallow-water operations “has very serious economic implications for the [Gulf Coast] region that rival or exceed those of the spill and moratorium” that preceded it.
Report: Shallow-Water Permit Slowdown Hitting Gulf Economy
It is “imperative” that the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) quickly resume issuing permits for shallow-water drilling, according to researchers at the Maguire Energy Institute at Southern Methodist University’s (SMU) Cox School of Business, who found that the slowdown in approving shallow-water operations “has very serious economic implications for the [Gulf Coast] region that rival or exceed those of the spill and moratorium” that preceded it.