Shape

Heading into the winter the natural gas market is in “good shape,” with production at “levels not seen in more than 35 years,” according to a FERC analyst — and with moderate prices and storage already 90% full.

The prospects for U.S. natural gas markets this winter are in much better shape than they were just a few months ago, with gas storage above the five-year average, the National Weather Service (NWS) predicting a relatively mild winter and robust production continuing onshore, FERC staff said Thursday.

The prospects for U.S. natural gas markets this winter are in much better shape than they were just a few months ago, with gas storage above the five-year average, the National Weather Service (NWS) predicting a relatively mild winter and robust production continuing onshore, FERC staff said Thursday.

By nearly every financial measure, ConocoPhillips is in enviable shape: a debt-to-capital ratio at 19%, an ongoing share buyback program, dividend payouts and consistently strong quarterly earnings. Even so, there’s likely to be few, if any, mergers and acquisitions (M&A) announced this year, CEO Jim Mulva said last week.

By nearly every financial measure, ConocoPhillips is in enviable shape with a debt-to-capital ratio at 19%, an ongoing share buyback program, dividend payouts and strong quarterly earnings. Even so, there’s likely to be few, if any, mergers and acquisitions (M&A) announced this year, CEO Jim Mulva said Wednesday.

In a sign that companies are taking the initiative to shape expected legislation, ConocoPhillips last week became the first U.S.-based oil major to voice its support for a federal greenhouse gas (GHG) emissions cap.

In a sign that companies are taking the initiative to shape expected legislation, ConocoPhillips is the first U.S.-based oil major to voice its support for a federal greenhouse gas (GHG) emissions cap.

Allegheny Energy subsidiary Monongahela Power Co. has reached an agreement to sell all of its natural gas distribution operations in West Virginia to a partnership of IGS Utilities LLC, IGS Holdings LLC and affiliates of ArcLight Capital Partners LLC for $141 million in cash, $87 million in assumed long-term debt and $16 million to settle certain inter-company accounts over the next three years.

After surviving a second winter of higher commodity prices in good shape — at least on the surface — local distribution companies (LDCs) will need continued regulatory support that gives them the tools to capture costs and maintain credit quality, Standard & Poor’s (S&P) said in a new report.