Rebound

Most Points Fall Slightly as Weather Load Diminishes

It was no mirage that the smaller gains and growth of larger losses in Wednesday’s pricing signaled weakening of this week’s rebound (see Daily GPI, April 14). Only a few scattered instances of flat numbers were left out of an overall downturn in the spot market Thursday. The chillier weather that had sparked a rally at most points from Monday through Wednesday had faded enough to lose its price-boosting ability, and the southern third of the U.S. is not yet hot enough to create compensating power generation demand.

April 15, 2011

Schlumberger COO: U.S. Shale Technology Not Easily Transferred

The “brute force” drilling process that unlocked North America’s shale deposits won’t easily be transferred overseas, Schlumberger Ltd. COO Paal Kibsgaard said Wednesday.

February 28, 2011

Southwest Gas: LDC Long on Supply With or Without Rockies

Las Vegas, NV-based local distribution company (LDC) Southwest Gas Corp. is sitting pretty this winter and for the foreseeable future in terms of adequate natural gas supplies. The gas-only utility’s three-state service area divides into three regions, each with a different set of supply basins, and the shale gas boom affects two of those operating areas.

December 22, 2010

Lower Futures Values Expected Despite Tuesday’s Uptick

After recording its third consecutive low for the downtrend in as many days, natural gas futures staged a meager rebound on Tuesday as the November contract reached a high of $3.530 before closing the regular session at $3.513, up 8.2 cents from Monday.

October 20, 2010

Weatherford Up on North American Rebound

Lifted by a rebound in North American oilfield services, Weatherford International Ltd. on Tuesday said its third quarter earnings were up 87% from the year-ago period.

October 20, 2010

Gas Price Rebound Coming, Says ConocoPhillips CEO

Natural gas prices should rebound to “reasonable” levels of $6-7/MMBtu long term, which makes the abundant fossil fuel more attractive to develop than renewable resources, ConocoPhillips CEO Jim Mulva said last week.

October 4, 2010

ConocoPhillips CEO Sees Gas Price Rebound

Natural gas prices should rebound to “reasonable” levels of $6-7/MMBtu long term, which makes the abundant fossil fuel more attractive to develop than renewable resources, ConocoPhillips CEO Jim Mulva said Monday.

September 28, 2010

Bit of Extra Heat, Screen Send Most Points Higher

With some support from the previous day’s 9.7-cent rebound by October futures, warming trends in parts of the key Midwest and Northeast market areas propelled cash prices higher at a large majority of points Wednesday.

September 23, 2010

Weather Load Still Light, But Most Points Up Anyway

Chiefly reflecting the previous Friday’s 11.5-cent rebound by October futures and the return of industrial load from its usual weekend hiatus, prices rose at a large majority of points Monday.

September 14, 2010

Futures Track Lower Ahead of Fresh Storage Data

With the momentum behind Monday’s rebound now fully dissipated, October natural gas futures on Wednesday returned to the recent business of scouting lower values. The prompt-month contract reached a low of $3.708 before closing the regular session at $3.762, down 5.4 cents from Tuesday.

September 2, 2010