May natural gas futures continued their slide as traders reported no interest by commercial players and seemed resigned to the ongoing slump. Expectations are for a withdrawal in Thursday’s inventory report, but that is seen as little help to the bullish cause. At the end of the day May had retreated another 8.5 cents to $4.146 and June had given up 8.4 cents to $4.220. May crude oil continued its run higher, adding 49 cents to $108.83/bbl.
Resigned
Articles from Resigned
Barrett COO to Helm Ute Energy
Bill Barrett Corp.’s longtime COO and President Joe Jaggers resigned on Thursday to become CEO and president of Ute Energy LLC, a privately held independent owned by the Ute Indian Tribe and affiliates of Quantum Energy Partners (QEP).
Barrett COO to Helm Ute Energy
Bill Barrett Corp.’s longtime COO and President Joe Jaggers resigned on Thursday to become CEO and president of Ute Energy LLC, a privately held independent formed in 2005 that is owned by the Ute Indian Tribe and affiliates of Quantum Energy Partners (QEP).
BLM Head to Take Over MMS on Interim Basis
Bureau of Land Management (BLM) Director Bob Abbey will serve as acting director of the troubled Minerals Management Service (MMS), replacing Liz Birnbaum who either resigned on her own Thursday or was pushed out in the wake of the crude oil spill in the Gulf of Mexico (GOM).
Futures Slip-Slide Lower With Spring Around the Corner
Front-month natural gas futures values reached almost a three-month low Monday as traders seemed resigned to the fact that the winter heating season — and its ability to draw down storage — are quickly running out of time. April futures recorded a low of $4.670 just after 12:30 p.m. EST before closing out the day’s session at $4.680, down 13.3 cents from Friday’s finish. The last time a front-month contract traded lower was back on Dec. 7, 2009, when the January 2010 contract notched a low of $4.644.
Futures Slip-Slide Lower With Spring Around the Corner
Front-month natural gas futures values reached almost a three-month low Monday as traders seemed resigned to the fact that the winter heating season — and its ability to draw down storage — are quickly running out of time. April futures recorded a low of $4.670 just after 12:30 p.m. EST before closing out the day’s session at $4.680, down 13.3 cents from Friday’s finish. The last time a front-month contract traded lower was back on Dec. 7, 2009, when the January 2010 contract notched a low of $4.644.
RBS Sempra Commodities CEO Resigns
David Messer, president and CEO of the Royal Bank of Scotland/Sempra Energy joint venture commodity trading unit, RBS Sempra Commodities, abruptly resigned his position Wednesday, the San Diego-based energy company announced.
Kelliher Departure Clears Way for Obama to Name Dem Successor
FERC Commissioner and former Chairman Joseph T. Kelliher resigned from the Federal Energy Regulatory Commission effective Friday, opening the door for President Obama to bring in his own candidate for commissioner and possibly the next chairman of the five-member agency.
People
Spectra Energy Partners LP said Greg Harper has resigned as president, CEO and member of the board of directors of Spectra Energy Partners GP LLC effective Dec. 5. “Greg has decided to pursue another opportunity outside of the company,” said Chairman Fred Fowler. “I am very appreciative of his service to Spectra Energy Partners and wish him all the best in his new endeavor.” A successor for Harper will be named in the near future, the company said.
Quest Resource CEO Resigns Amid Investigation
The chairman and CEO of Oklahoma City-based Quest Resource Corp. and two related entities has resigned and the CFO is on a paid administrative leave following the discovery of about $10 million of “questionable transfers” of corporate funds.