Resulting

Geopolitical Strife Lifts Oil, Gas; March Advances

March natural gas futures gained Monday as traders surmised that it would be difficult for natural gas to ignore gains made in the rest of the complex resulting from political unrest in Egypt. At the close of trading March futures rose 9.7 cents to $4.420 and April added 9.1 cents to $4.431. March crude oil followed its $3.70/bbl gain from Friday with another jump of $2.85 to $92.19/bbl.

February 1, 2011

FERC’s Wellinghoff Calls Shale ‘the Quiet Revolution’

The natural gas market is in “good shape” as it heads into the 2010-2011 winter heating season due to the influx of shale gas, which has reshaped the industry, and the addition of new pipeline capacity to access the lower-priced supplies, said a FERC analyst Thursday.

October 22, 2010

BP Touts Technology, Collaboration Since Deepwater Blowout

BP plc on Thursday said the Deepwater Horizon rig explosion and Macondo well blowout had spurred innovation and collaboration, resulting in new technology that will provide ways to deal with future offshore disasters.

September 7, 2010

BP Touts Technology, Collaboration Since Deepwater Blowout

BP plc on Thursday said the Deepwater Horizon rig explosion and Macondo well blowout had spurred innovation and collaboration, resulting in new technology that will provide ways to deal with future offshore disasters.

September 6, 2010

Technicals, Traders Turning Moderately Bullish; Futures Up 10.9 Cents

September natural gas futures managed to gain ground Thursday as a somewhat supportive inventory report brought buyers off the bench, and the resulting price response began to frame a positive technical picture.

July 30, 2010

Futures Test $5.192 Resistance Before Collapsing Again

Natural gas futures bulls were repelled by resistance at $5.192 once again on Monday, resulting in the July contract retreating to close at $4.873, down 12.4 cents. The July contract has now failed that resistance test five out of the last six days, which oddly enough offers encouragement to both the market’s bulls and bears.

June 22, 2010

NGLs: Not Just a By-Product; Too Much of a Good Thing?

As natural gas producers continue to turn their efforts to high-Btu gas shale plays, it remains to be seen whether the resulting production growth of natural gas liquids (NGL) can be accommodated by existing and planned processing and fractionation capacity, not to mention demand from the petrochemical industry.

June 14, 2010

NGLs: Too Much of a Good Thing?

As natural gas producers continue to turn their efforts to high-Btu gas shale plays, it remains to be seen whether the resulting production growth of natural gas liquids (NGL) can be accommodated by existing and planned processing and fractionation capacity, not to mention demand from the petrochemical industry.

June 14, 2010

Futures Fall After Failing to Break ‘Major Resistance’

After reaching a two-month high for the spot contract on Tuesday at $4.494, the resulting tumble that began Tuesday afternoon spilled over into Wednesday’s regular trading session as June futures plummeted 18.4 cents to close at $4.158.

May 20, 2010

W&T Seeking Oiler Plays, Sees Pricey Reserves

W&T Offshore Inc. CEO Tracy W. Krohn called the April 20 explosion and sinking of Deepwater Horizon and the resulting oil spill in the Gulf of Mexico (GOM) a terrible accident and said W&T is willing to help in any way “as most companies would be in our industry.”

May 10, 2010
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