Rethinking

Following what have been characterized as disappointing results, Rapid City, SD-based Black Hills Corp. is rethinking its overall oil and gas exploration and production (E&P) strategy, according to CEO David Emery.

Following what have been characterized as disappointing results, Rapid City, SD-based Black Hills Corp. is rethinking its overall oil and gas exploration and production (E&P) strategy, according to CEO David Emery.

With continuing pressure on natural gas and oil prices, producers are rethinking how to budget their capital expenditures (capex), but they shouldn’t ignore the “obvious” ways to succeed in the current economic downturn, according to a report by UK-based consultancy Arthur D. Little (ADL).

With continuing pressure on natural gas and oil prices, producers are rethinking how to budget their capital expenditures (capex), but they shouldn’t ignore the “obvious” ways to succeed in the current economic downturn, according to a report by UK-based consultancy Arthur D. Little (ADL).

As expected, the changing of the guard in the Alaska governor’s mansion has brought with it a rethinking of plans for a natural gas pipeline to carry production from the state’s gas-rich North Slope to the Lower 48. The state has thrown open the doors to new proposals for monetizing its gas resource, and one project backer is calling the change in approach “a breath of fresh air.”

As expected, the changing of the guard in the Alaska governor’s mansion has brought with it a rethinking of plans for a natural gas pipeline to carry production from the state’s gas-rich North Slope to the Lower 48. The state has thrown open the doors to new proposals for monetizing its gas resource.

Last week’s price tumble has analysts and traders rethinking the bullish case for longer term natural gas prices. According to one top trader, should prices retreat a little more it will be time to begin purchases.