Rest

Northeast citygates, after holding back from the overall advances posted in the rest of the cash market in the first two days of this week, handily led gains at nearly all other points Wednesday. The general price strength occurred despite severely cold weather not being predicted for Thursday outside northern sections of the Northeast and Rockies, the Upper Plains and much of Canada.

Calgary-based Enbridge Inc. on Wednesday reported the “best” quarterly results in company history, but the company doesn’t plan to rest on its laurels. Future growth, said CEO Patrick Daniel, will be more balanced between liquids pipeline projects and increasing opportunities in natural gas and renewable energy.

Chevron Corp.’s portfolio is now in a position to sustain growth through the rest of the decade and is “not particularly needing to do a large transaction” in a North American shale gas play, CEO John Watson said Friday.

Chevron Corp.’s portfolio is now in a position to sustain growth through the rest of the decade and is “not particularly needing to do a large transaction” in a North American shale gas play, CEO John Watson said Friday.

Chevron Corp.’s portfolio is now in a position to sustain growth through the rest of the decade and is “not particularly needing to do a large transaction” in a North American shale gas play, CEO John Watson said Friday.

After quickly recording a low at $5.621 just minutes into Friday’s regular session, February natural gas futures climbed the rest of the day to close at $5.749, still down 5.7 cents from Thursday’s close but 17.7 cents higher than the previous week’s finish. News of a potential warm-up during the Jan. 11-15 week could have had something to do with the weakness Thursday and Friday.

Although Northeast delivery prices continued to sink by fairly large amounts Wednesday, gains in the rest of the market were getting larger again as a new blast of arctic cold is anticipated in many areas before the weekend.

Cabot Oil & Gas Corp. will spend more in the Marcellus Shale through the rest of this year to lay the groundwork for a big drilling expansion in 2010, CEO Dan O. Dinges said last week.

Cabot Oil & Gas Corp. will spend more in the Marcellus Shale through the rest of this year to lay the groundwork for a big drilling expansion in 2010, CEO Dan O. Dinges said Tuesday.