Producers have stronger bottom lines than other sectors of the oil and gas industry, but high natural gas prices reflect falling U.S. production and the “hard time” exploration and production companies have to replace reserves of comparable or better quality at a competitive cost, said Moody’s Investors Service analysts. Moody’s analysts on Wednesday gave a “stable” rating to the entire sector, with the exception of oil refiners and wholesale marketing, which both carry a “negative” outlook.
Risky
Articles from Risky
Natural Seeks Protection from Credit-Risky Transportation Shippers
With energy traders and other companies becoming bigger credit risks, Natural Gas Pipeline Co. of America (NGPL) has proposed tariff changes to shield it from its transportation capacity being released by non-creditworthy shippers at cut-rate prices.
August 23, 2002
Vintage Calls BP Capital Restructuring Plan Too Risky
Tulsa-based Vintage Petroleum Inc., highly leveraged with Argentina assets negatively affected by the country’s economic problems, Tuesday said it is turning down a restructuring offer by 8.9% shareholder BP Capital Energy, which has proposed, among other things, that Vintage sell all of its North American assets and be based only in Latin America.
June 10, 2002
Alaska Producers Say Gas Pipeline Would Be Too Expensive
A natural gas pipeline to the Lower 48 states from Alaska would be too expensive to build and too risky, according to a preliminary study by Exxon Mobil Corp., Phillips Petroleum Co. and BP Plc, the three largest lease holders along the North Slope. The producers told Alaska Gov. Tony Knowles’ natural gas development team at a meeting last week in Anchorage that the project looks like a long shot at best.
October 1, 2001
Alaska Producers Say Gas Pipeline Would Be Too Expensive
A natural gas pipeline to the Lower 48 states from Alaska would be too expensive to build and too risky, according to a preliminary study by Exxon Mobil Corp., Phillips Petroleum Co. and BP Plc, the three largest lease holders along the North Slope. The producers told Alaska Gov. Tony Knowles’ natural gas development team at a meeting last week in Anchorage that the project looks like a long shot at best.
October 1, 2001
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