Reasons

Low natural gas prices have created a buying opportunity among dry gas-directed companies for larger players whose pockets are lined with oil dollars, according to consultancy Deloitte. And in the midstream, mergers and acquisitions (M&A) will be propelled by a consolidation trend among master limited partnerships (MLP), according to a midyear report on M&A activity.

Mike Graham, president of Encana Corp.’s Canadian Division, has resigned from the company. Encana, the largest natural gas producer in Canada, did not disclose the reasons. Mike McAllister, who is senior vice president of the Canadian Division, was tapped to take over. Graham has run Encana’s entire Canadian operations since 2007, which has resource play assets in British Columbia, Alberta and Atlantic Canada. Graham joined one of Encana’s predecessor companies in 1986 and held various positions in operations and engineering before moving to the reservoir engineering group. He helped to develop Encana’s Suffield and Primrose interests, as well as the AECO natural gas storage facility. Graham also led the company’s entry into the Deep Basin of Alberta and northeastern British Columbia.

With natural gas prices at their lowest level in years, U.S. explorers will have to stop drilling for economic reasons, right? Anadarko Petroleum Corp. CEO Jim Hackett said he thinks shut-ins are inevitable. Energy analysts with Barclays Capital Markets aren’t so sure.

With natural gas prices at their lowest level in years, U.S. explorers will have to stop drilling for economic reasons, right? Anadarko Petroleum Corp. CEO Jim Hackett said he thinks shut-ins are inevitable. Energy analysts with Barclays Capital Markets aren’t so sure.

With natural gas prices as low as they are, one would think there is no good reason to drill for the stuff. Actually, there are several reasons to pursue gas; but they’re pretty much going away, according an analysis by Standard & Poor’s (S&P).

With natural gas prices as low as they are, one would think there is no good reason to drill for the stuff. Actually, there are several reasons to pursue gas; but they’re pretty much going away, according an analysis by Standard & Poor’s (S&P).

As state regulators weigh its plan to allow customers to opt out of using advanced metering systems for health reasons, Pacific Gas and Electric Co. (PG&E) said Monday it is dealing with a small number of defective smart meters that overcharged about 1,600 electric utility customers throughout its territory. The problem did not arise in the smart natural gas meters the combination utility has installed.

Solid reasons exist for bulls not to be discouraged by the current “pricing malaise” in U.S. natural gas markets, according to Deutsche Bank (DB).

Solid reasons exist for bulls not to be discouraged by the current “pricing malaise” in U.S. natural gas markets, according to Deutsche Bank (DB).