Sharp

A sharp drop in natural gas prices and recent weakness in oil prices haven’t stalled too much U.S. exploration and production (E&P) spending, which is expected to jump by 9.6% to $143 billion this year, according to 239 domestic producers surveyed by Dahlman Rose & Co.

A sharp drop in natural gas prices and recent weakness in oil prices hasn’t stalled too much U.S. exploration and production (E&P) spending, which is expected to jump by 9.6% to $143 billion this year, according to 239 domestic producers surveyed by Dahlman Rose & Co.

Sharp declines in onshore conventional natural gas activity and a more “permanent” shift to liquids plays may bring about a faster reset in the gas market than the futures strip implies, Credit Suisse analysts said Wednesday.

A proposal by NiSource subsidiary Energy Interchange to provide hub and storage services in Louisiana and Mississippi has come under sharp attack from shippers on affiliate Columbia Gulf Transmission.

Faced with pricing uncertainty, anticipated decrease in U.S. demand and a shifting regulatory landscape, Canadian gas companies will need to look beyond the United States if they are to retain market share and remain competitive, according to Ernst & Young.

The persistently sharp contrast between expensive oil and cheap gas has had dramatic effects on Western Canadian drilling, boosting activity and accelerating a trend to targeting oil rather than gas.

A sharp reversal in the near-term weather forecast prompted heavy buying of natural gas futures Monday. Short-term traders suggested the market still had room to advance further, but also saw the day’s advance as a prime selling opportunity.

A sharp reversal in the near-term weather forecast prompted heavy buying of natural gas futures Monday. Short-term traders suggested the market still had room to advance further, but also saw the day’s advance as a prime selling opportunity.

The sharp contraction in the Texas oil and gas economy began to ease as 2009 came to an end, but uncertainty persists about the future of the state’s energy industry with the oversupply of domestic natural gas, a petroleum economist said last week.