February natural gas futures rose Friday as traders showed little appetite for risk and elected to cover short positions prior to the long holiday weekend. Short-term traders see little likelihood that the market will continue higher. At the close February futures rose 7.3 cents to $4.480 and March gained 7.1 cents to $4.490. February crude oil added 14 cents to $91.54/bbl.
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Sustained Gas Liquids Drilling in 2011, Says Analyst
Drilling in natural gas liquids-weighted plays and oil shales are expected to be the focus of domestic exploration and production (E&P) companies in 2011, energy analysts with FBR Capital Markets said Monday.
Chesapeake Dropping Down Haynesville Gathering System
Chesapeake Midstream Partners LP has agreed to acquire the Spring Ridge gas gathering system and related facilities in the Haynesville Shale from Chesapeake Midstream Development LP, a subsidiary of Chesapeake Energy Corp. (Chesapeake), for $500 million cash.
Ethane Offtake A Challenge for Marcellus Gas, Says Study
There is, it seems, a downside to the tremendous natural gas production results in the Marcellus Shale, according to energy consultant Bentek Energy LLC.
GOM Rig Disaster Sparks House Inquiry
The risk management and emergency response plans of BP America and Transocean Ltd. for accidental oil and gas releases have garnered lawmaker scrutiny as a Gulf of Mexico (GOM) oil slick grows following an apparent well blowout last week.
GOM Rig Disaster Sparks House Inquiry
The risk management and emergency response plans of BP America and Transocean Ltd. for accidental oil and gas releases have garnered lawmaker scrutiny as a Gulf of Mexico (GOM) oil slick grows following an apparent well blowout last week.
EnCana Calls BC Leak ‘Rare Piping Failure,’ Institutes Changes
EnCana Corp. instituted new safety procedures and conducted a risk assessment review at 500 drilling sites ahead of a report issued Thursday by the British Columbia (BC) Oil and Gas Commission (OGC) that said the producer failed to properly execute its emergency response plan following a natural gas leak last November at a shale drilling site.
EnCana Calls BC Leak ‘Rare Piping Failure,’ Institutes Changes
EnCana Corp. instituted new safety procedures and conducted a risk assessment review at 500 drilling sites ahead of a report issued Thursday by the British Columbia (BC) Oil and Gas Commission (OGC) that said the producer failed to properly execute its emergency response plan following a natural gas leak last November at a shale drilling site.
EnCana Calls BC Leak ‘Rare Piping Failure,’ Institutes Changes
EnCana Corp. instituted new safety procedures and conducted a risk assessment review at 500 drilling sites ahead of a report issued Thursday by the British Columbia (BC) Oil and Gas Commission (OGC) that said the producer failed to properly execute its emergency response plan following a natural gas leak last November at a shale drilling site.
House Ag Leaders Decry Federal Reserve as Back-Up Regulator
A House draft measure that would place the Federal Reserve in the role as back-up regulator in the futures and securities markets got a cool reception from regulators and the House Agriculture Committee last Tuesday.