Energy regulators must operate independently of both industry and environmental groups, led only by facts and the rule of law, said Pennsylvania Department of Environmental Protection (DEP) Secretary John Hanger, who leaves office this month after a tenure of more than two years during which activity in the state’s Marcellus Shale mushroomed.
Resting
Articles from Resting
Directionless Futures Market Results in a Quiet 7-Cent Range
Resting and regrouping appeared to be the themes Wednesday as June natural gas traded a slim 7-cent range before closing out the day at $7.730, up 1.2 cents from Tuesday’s close.
May 3, 2007
S&P Sees Gas Prices Moving On Up in 2003; Revises Forecast
Natural gas and oil producers are resting at ease as natural gas prices are poised to end 2002 near $5.00/MMBtu and oil prices are clinging to $26/bbl, noted a new report by Standard & Poor’s Ratings Services (S&P). The rating agency raised its gas price forecast last week to $2.75-3.00 (Nymex equivalent), which may appear conservative compared to other forecasts in the $3.60s or higher (EIA) and Nymex highs last week in the $5.30s.
December 23, 2002
CMS to Reveal Results of Credit Line Negotiations
CMS Energy Corp.’s immediate financial future was resting on the decisions of six banks late Friday as the Dearborn, MI-based company negotiated to have its $450 million credit line approved. Without approval by midnight Friday, CMS could be forced to default on a previous loan agreement and have to immediately repay a $300 million loan from the revolver. CMS also uses the credit line to operate and pay day-to-day expenses.
July 15, 2002
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