Slide

Natural gas drilling is expected to slide in 2011 due to lower prices, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for December.

BP plc shares resumed their slide Monday, closing down nearly 10% at $30.67 on the New York Stock Exchange nearly two months after the drilling rig Deepwater Horizon exploded and sank at the company’s Macondo well site in the Gulf of Mexico (GOM).

As BP plc was expected to cut its dividend, shares in the company continued their downward slide Wednesday. While BP continued to cite its large cash reserves and viability, some analysts were speculating that the company would declare bankruptcy.

March natural gas futures rebounded from Tuesday’s 15.8-cent slide to gain 7.6 cents on Wednesday. The prompt-month contract closed the regular session at $5.386.

March natural gas futures rebounded from Tuesday’s 15.8-cent slide to gain 7.6 cents on Wednesday. The prompt-month contract closed the regular session at $5.386.

Canadian natural gas exporters are off to a weak start on the new international contract year as volumes, prices and revenues continue the trade’s slide in its last 12-month period ending Oct. 31.

Canadian natural gas exporters are off to a weak start on the new international contract year as volumes, prices and revenues continue the trade’s slide in its last 12-month period ending Oct. 31.

Canadian natural gas exporters are off to a weak start on the new international contract year as volumes, prices and revenues continue the trade’s slide in its last 12-month period ending Oct. 31.

The story “Wood Mackenzie: Gas Price Pain, Then Gain” (see NGI, Nov. 23) quoted an incorrect price forecast from a Credit Suisse presentation slide. For 2009 the firm has cut its U.S. gas price forecast to $3.97 from $4.01.