Slightly Higher Natural Gas Prices Forecast

Wells Fargo Securities analysts last week increased their outlook for natural gas prices to reflect 2Q2013 average pricing. They also expect to see “slightly increasing” gas output as badly needed infrastructure in the Marcellus, Utica and Eagle Ford shales comes online.

July 22, 2013

Wyden Calls on DOE to Update LNG Export Policy

Sen Ron Wyden (D-OR), chairman of the Senate Energy and Natural Resources Committee, Tuesday called on the Department of Energy (DOE) to update its application process for exports of liquefied natural gas (LNG) to reflect the country’s shale revolution, and to ensure that the United States obtains the “greatest benefit” from this national asset.

May 22, 2013

Sun Sets Again on Reforming Texas Railroad Commission

Changing the name of the Railroad Commission of Texas (RRC) to more accurately reflect its duties as lead regulator over the state’s oil and natural gas industry and to provide more oversight over the elected members proved more difficult than some had thought, and the legislation died Tuesday in a state House committee.

May 16, 2013
Quicksilver Cutting Costs, Still Seeking Horn River JV

Quicksilver Cutting Costs, Still Seeking Horn River JV

During the first quarter, Quicksilver Resources Inc. lost more money than Wall Street was expecting as the company continued to “hammer on the cost side” of its business, deferring elective spending in the energy patch and cutting back on staff.

May 8, 2013

Chesapeake Gets Another Downgrade, More ‘No’ Votes on Board

Chesapeake Energy Corp. has been downgraded again by Fitch Ratings, and on Monday two proxy services recommended against reelecting two directors at the annual meeting in June.

May 22, 2012

Industry Brief

Houston-based NorTex Gas Storage Co. has changed its name to NorTex Midstream Partners LLC to reflect its new midstream energy market focus and asset acquisition strategy. “NorTex is in an active acquisition mode, committed to securing a full range of midstream assets and creating an unrivaled set of commercial solutions,” said CEO Robert Foss. NorTex owns and operates Worsham-Steed Gas Storage and Hill-Lake Gas Storage, high-deliverability, multi-cycle facilities serving the greater Dallas-Fort Worth market. These assets are in the Barnett Shale region and have multiple interconnections with several major pipelines serving energy markets from the Permian Basin at Waha to East Texas at Carthage, TX.

March 30, 2012

British Columbia Nurturing, Growing Shale Gas Resource

Even though northern shale drilling remains in its infancy, the British Columbia cradle of the emerging natural gas source is catching up fast to the traditional mainstay of Canadian supplies.

March 13, 2012

SemGroup Rejects Plains Merger Offer

SemGroup Corp. on Monday soundly rejected a $1.24 billion takeover bid by Plains All American Pipeline LP, calling the offer “opportunistic” and failing to reflect the company’s “bright prospects.”

October 25, 2011

Market Seen Closer to Value, but Vulnerable; June Sags

June natural gas futures continued to drop Friday as traders now see the market at a level more prone to reflect value but still poised to move lower in the near term. At the close June had weakened 2.6 cents to $4.235 and July had dropped 3.4 cents to $4.297. June crude oil continued its descent, losing $2.62 to $97.18/bbl.

May 9, 2011

Credit Suisse Sees Limit to How Far Gas Prices Decline

Credit Suisse on Monday cut its U.S. natural gas 2010 price forecast by 35 cents to $4.75/Mcf from $5.10 to reflect the recent gains in onshore drilling, which could lead to a year/year (y/y) increase in domestic output.

April 7, 2010
‹ Previous 1 2 3 5