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SemGroup to Buy Back Rose Rock Midstream for $391M

Five years after spinning off its crude oil gathering, transportation, storage and marketing assets in several North American shale plays into a master limited partnership (MLP), SemGroup Corp. said it plans to buy back Rose Rock Midstream LP in an all-stock transaction valued at $391 million.

June 1, 2016

Tropical Weather System, Above Normal Temps Pressure Cash, Futures Higher

Physical natural gas prices for Wednesday delivery advanced on average another 11 cents Tuesday as continued forecasts for well above normal temperatures along the Eastern Seaboard, combined with the organization of an area of low pressure over the western Caribbean Sea, maintained upward pressure on next-day pricing. With few exceptions, all points were up by a dime or more, and some locations added close to a quarter.

October 2, 2013

Surging Cash Outdoes October Futures, Which Notch Eight-Week High

Natural gas prices for delivery Wednesday added an average 10 cents in Tuesday’s trading. Strong pricing in the East and Great Lakes as well as a firm screen were able to offset a mixed Northeast and free-falling quotes in the Marcellus, which ratcheted below $1 and in at least two cases, recorded new all-time lows.

September 18, 2013

Rockies Force Majeure, Firm California Lead Gains; Futures Rise

Tuesday deliveries of physical natural gas overall on average rose 11 cents in Monday’s trading. A strong screen as well as warm temperatures kept California points at double digit gains and in the Northeast capacity constraints kept New England locations solidly in the black. At the close of futures trading October had added 6.1 cents to $3.738 and November was up by 5.9 cents to $3.814. October crude oil fell $1.62 to $106.59/bbl.

September 17, 2013

Broad Advance Led By East, Northeast; Futures Gain

Physical natural gas for Tuesday delivery on average rose a dime Monday, with gains widespread and only a handful of points in the loss column. Particularly strong were East and Northeast points, boosted by high next-day power prices and forecasts calling for Tuesday readings as much as 20 degrees above normal.

September 10, 2013

East, Northeast Lead Broad Weather-Driven Advance; Futures Up a Dime

Natural gas for physical delivery Tuesday overall on average surged 18 cents as traders had to adjust to a changed weather outlook, a firm power pricing environment, and a strong screen. East and Northeast locations led the charge higher, but no delivery point was left unscathed by the tempest of soaring prices. Futures reached the highest point in 3 weeks, and at the close of futures trading September had risen 9.5 cents to $3.463 and October was higher by 9.4 cents to $3.487. September crude oil eased 36 cents to $107.10/bbl.

August 20, 2013

Midwest Buyers Navigate Tricky Market; Futures Gain A Dime

Natural gas cash prices on average rose 4 cents in Tuesday’s trading with gains in the Plains, Texas and eastern points leading the march higher. Wild and wacky weather conditions have proved a challenge to cash buyers, who are now devoid of much of their baseload and are at times having to dip into storage and pay penalties. At the close of futures trading, June enjoyed a bump up to $4.025, a gain of 10.0 cents, and July had risen 9.7 cents to $4.068. June crude oil fell 96 cents to $94.21/bbl.

May 15, 2013

Wattenberg Oil, Marcellus Gas Lift Anadarko Onshore Output

Strong liquids and oil growth from the Greater Wattenberg Field in Colorado, and stronger-than-expected natural gas output from the Marcellus Shale, contributed to record volumes in the first quarter by Anadarko Petroleum Corp.

May 8, 2013

Woodford, Bakken Steer ExxonMobil in U.S. Onshore

With production growing 39% in the Ardmore Basin’s Woodford Shale and a 75% increase in Bakken output, ExxonMobil Corp. plans to forge ahead with liquids and crude oil unconventional opportunities in North America, and keep its substantial natural gas prospects for better days, the investor relations chief said Thursday.

April 26, 2013

Broad Gains Trump Northeast Declines; Futures At New Highs

Gas for delivery over the weekend and Monday rose on average 4 cents Friday. Double-digit declines at some Northeast points were easily overcome by broad regional strength, and only a handful of locations showed losses.

April 15, 2013
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