With end-of-March storage at the lowest level since it began keeping records in 1976, the Energy Information Administration (EIA) in its short-term energy outlook for April said the gas markets will require a combination of high spot prices during the spring and summer, strong gas drilling and development activity and normal summer weather in order to achieve normal inventories by next winter. Absent these conditions, it believes the market could see a new round of gas price spikes during the 2003-2004 heating season.
Records
Articles from Records
EPN’s Ring-Fencing Strategy Separates Interests from El Paso
El Paso Energy Partners LP (EPN) claimed earnings and income records for 2002, and Monday, as management laid out its ambitious plans for 2003, it emphasized how it will grow independently and separately from general partner El Paso Corp.
February 17, 2003
EPN’s Ring-Fencing Strategy Separates Interests from El Paso
El Paso Energy Partners LP (EPN) claimed earnings and income records for 2002, and Monday, as management laid out its ambitious plans for 2003, it emphasized how it will grow independently and separately from general partner El Paso Corp.
February 11, 2003
ICE Records Pre-Tax Profit of 42% in 2002
IntercontinentalExchange, Inc. announced a 42% pre-tax profit of $52.3 million on revenues of $125.5 million for 2002, its second full year of operations.
February 10, 2003
ICE Records Pre-Tax Profit of 42% in 2002
IntercontinentalExchange, Inc. announced a 42% pre-tax profit of $52.3 million on revenues of $125.5 million for 2002, its second full year of operations.
February 5, 2003
El Paso Energy Partners Sets New Cash, Income Records
El Paso Energy Partners L.P. (EPN) reported its highest ever cash flow and net income in 2002, reflecting an array of acquisitions during the year which should contribute to continued high returns, company officials said.
February 3, 2003
ExxonMobil Records 4Q Increase While Full-Year Earnings Decline
ExxonMobil Corp. reported higher fourth quarter earnings but lower results for the full year because of lower natural gas realizations and poor downstream market conditions, according to Chairman Lee Raymond. Fourth quarter net income rose $1.4 billion to $4.1 billion, and Raymond said results for the fourth quarter were the highest since the second quarter of 2001. Full year net income fell $3.9 billion to $11.5 billion.
January 31, 2003
El Paso Energy Partners Sets New Cash, Income Records
El Paso Energy Partners L.P. (EPN) reported its highest ever cash flow and net income in 2002, reflecting an array of acquisitions during the year which should contribute to continued high returns, company officials said.
January 31, 2003
El Paso Moves to Quash Subpoena for Deceptive Price Reporting Records
In an emergency motion filed at FERC this week, El Paso Corp. is seeking to quash a subpoena issued by an agency judge that requires it to turn over documentary evidence related to its self-avowed practice of submitting false prices for natural gas trades to an energy publication.
January 23, 2003
Peoples Beats Previous Fiscal 4Q Earnings; Records Lower Yearly Results
Turning around its quarterly earnings to post a gain, Chicago-based Peoples Energy on Friday posted net income for the fourth quarter ended Sept. 30 of $1.7 million, or $0.05 per diluted share, compared with a loss of $13 million, or ($0.37) per share. Peoples beat a Thomson First Call consensus estimate of 2 cents a share for the period.
October 28, 2002
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