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Chief Hits Magic Mark in Marcellus

Chief Oil & Gas LLC, which in 2005 was the second largest natural gas producer in the Barnett Shale, is showing it can do the same in the Marcellus Shale, reporting that output in Pennsylvania has reached the 100 MMcfe/d mark from 42 wells.

November 12, 2010

Screen Drop Likely to Extend Cash Softening

The cash market was showing growing signs of weakness as the mostly single-digit declines that had slightly dominated weekend numbers Friday got larger in nearly all cases Monday. Forecasts of peak temperatures ranging from around 90 to either side of 100 stretched from the South Atlantic area through Oklahoma and Texas into much of the desert Southwest, but moderate to cool conditions continue to reign in the rest of the U.S. and Canada.

September 21, 2010

Long Term Good for LNG, Storage, Sempra CEO Says

Showing quarter-over-quarter profits in its independent energy businesses, San Diego-based Sempra Energy has a lot of upside from its liquefied natural gas (LNG) and pipeline/storage businesses, Sempra CEO Donald Felsinger said Tuesday.

August 5, 2010

Spill: Optimism for Latest Fix; BP Executives Contrite

BP plc’s latest attempt to collect some of the oil leaking from its crippled Macondo well in the Gulf of Mexico (GOM) was showing promise Friday morning, but it was too early to say whether the effort will be a success, the company said.

June 7, 2010

BP Contrite on Spill, Optimistic for Fix

BP plc’s latest attempt to collect some of the oil leaking from its crippled Macondo well in the Gulf of Mexico (GOM) was showing promise Friday morning, but it was too early to say whether the effort will be a success, the company said.

June 7, 2010

Cooling Load Keeps Quotes Rising at Most Points

Prices continued to increase in most of the cash market Tuesday as forecasts of a hot summer were showing early signs of coming true, even with the official start of the season still three weeks away. A pre-holiday advance of 4.7 cents by July futures on Friday also helped strengthen physical numbers.

June 2, 2010

Rally Shows Prices Still Riding a Roller-Coaster

Mild weather seems to matter little as market recently follows prior-day futures guidance.

April 15, 2010

Rally Shows Prices Still Riding a Roller-Coaster

Mild weather seems to matter little as market recently follows prior-day futures guidance.

April 15, 2010

Obama Eyes ‘Potential’ Development of Eastern GOM, East Coast, Arctic

The oil and natural gas industry last Wednesday generally welcomed the Obama administration’s proposed plan to open up the Mid-Atlantic and South Atlantic waters and parts of the eastern Gulf of Mexico (GOM) to expanded exploratory and development activities, saying it was a good start. But others, such as the U.S. Chamber of Commerce and American Solutions, noted the the proposed plan was far from a sure thing, with President Obama stressing that the offshore areas “will be considered potential areas for development.”

April 5, 2010

April Futures Off the Board Near Key Support

After showing early signs of a rally, the expiring April natural gas futures contract on Monday resumed the downtrend of the last few months, locking in a low of $3.820 before going off the board at $3.842, down 3 cents from Friday’s close. The May contract finished the day at $3.916, down 1.4 cents from Friday’s finish.

March 30, 2010
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