March natural gas futures inched higher Friday in a day of lackluster trading. In spite of the market’s ability to hold above $3.80, analysts are sharpening their pencils and counting the next move lower as they see a lack of weather-driven demand eroding prices. At the end of the day March was higher by eight-tenths of a penny to $3.876 and April added five-tenths of a cent to $3.906. March crude oil eased 16 cents to $86.20/bbl.
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Regency Beefing Up Eagle Ford Assets
Regency Energy Partners LP is expanding its South Texas facilities to meet producer demand for rich gas services in the growing Eagle Ford Shale play, the partnership said Tuesday. The projects are expected to provide 200 MMcf/d of capacity for Regency’s South Texas gathering system.
December 15, 2010