Inability to find a buyer for its “high-quality” Gulf of Mexicoproperties pushed Miami-based Forcenergy over the edge into Chapter11 bankruptcy this week, Chairman Stig Wennerstrom said in aconference call.
Sinks
Articles from Sinks
Storage Sinks Gas Futures Once Again
The AGA storage report proved to be an anchor on natural gasfutures prices yet again on Wednesday, as the spot June contractfell 5.2 cents to settle at $2.204. The latest report came in at100 Bcf worth of injections, which increases the surplus versuslast year by 30 Bcf to 403 Bcf. Total estimated volume came in at59,231.
May 14, 1998
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