Round

Analyst: Expiring Leases Offer Eagle Ford Second Chance

Companies that missed out on the first round of leasing in the Eagle Ford Shale in South Texas that began in 2008 will have another chance as some of those leases will be expiring in the coming months, an industry analyst said recently.

October 21, 2010

Futures Strength Setting Up for a Storage-Induced Fall?

November natural gas futures on Wednesday posted gains for a second straight day on what could be a round of technical buying, despite the arrival of natural gas storage injection data Thursday morning that is expected to be larger than both year-ago and five-year average comparisons for yet another week.

October 14, 2010

Futures Resolve Higher Following 87 Bcf Storage Build

Coming off of Wednesday’s decline on a round of profit taking, the July natural gas futures contract on Thursday got most of it back as the prompt-month contract gained 18.4 cents to finish at $5.162.

June 18, 2010

Wednesday Dip Seen as Profit-Taking With Bulls Still at the Helm

Natural gas futures traders took their foot off the accelerator on Wednesday as the July contract came off fresh highs on a round of profit-taking to close back below $5 at $4.978, down 21.1 cents from Tuesday’s finish.

June 17, 2010

Futures Probe Lower After 914 Cloud Dissipates

Still reeling from the bludgeoning Thursday tied to a round of bearish natural gas supply news, the natural gas futures market continued to sink closer to the $3.810 low for the larger downtrend. June futures recorded a low of $3.885 before closing at $3.920 Friday, down 6 cents from Thursday’s finish and 42.3 cents below the previous week’s close.

May 3, 2010

Futures Continue Lower But Still Seen as Range-Bound

July natural gas futures values declined for the fifth consecutive session on Wednesday, but some traders are expecting a late round of short-covering to take place ahead of the contract’s expiration on Friday. The prompt month dropped 11.8 cents Wednesday to finish at $3.761, while August crude shaved off 57 cents to close at $68.67/bbl.

June 25, 2009

Study: Energy Derivatives Still a Rainmaker

Over-the-counter (OTC) energy derivatives trading was spared the recent round of cost-cutting among capital-starved financial institutions because it “was generating significant revenues and represented a rare opportunity for continued profits and growth,” according to a study by consultancy Greenwich Associates.

June 1, 2009

Study: Energy Derivatives a Money-Maker in Downturn

Over-the-counter (OTC) energy derivatives trading was spared the recent round of cost-cutting among capital-starved financial institutions because it “was generating significant revenues and represented a rare opportunity for continued profits and growth,” according to a study by consultancy Greenwich Associates.

June 1, 2009

Kern River Offering Capacity to California

Kern River Gas Transmission Co. is holding a nonbinding open season through June 18 for firm year-round transportation service from receipt points in Wyoming and Utah to delivery points into California. Any new expansion service resulting from the open season would be available by Jan. 1, 2013.

May 28, 2009

Oil and Gas Get Short Shrift at Confirmation Hearing for DOE Secretary

The Energy Department secretary nominee, eminent physicist Steven Chu, sailed unscathed last week through an extensive round of questions from Senate Energy and Natural Resources Committee members, who generally indicated their respect and support for the Nobel laureate and director of the Lawrence Berkeley National Laboratory. Members then launched into their pet projects, spanning a wide range of energy options for the new administration to pursue.

January 19, 2009