Soared

March natural gas futures managed a modest gain Wednesday as other markets soared or sank in response to turbulence in oil-rich Libya and the greater Middle East. Analysts noted that the situation is far different than the recent upheaval in Egypt as Libya is a major exporter of crude oil and by most accounts the petroleum markets are going to have to factor in the loss of about 1.5 million b/d, as companies evacuate personnel from the country.

Shares of Fort Worth, TX-based Quicksilver Resources Inc. soared last Monday on news that an investor group is seeking to take the natural gas and oil exploration and production company private.

Shares of Fort Worth, TX-based Quicksilver Resources Inc. soared Monday on news that an investor group is seeking to take the natural gas and oil exploration and production company private.

Shares of Fort Worth, TX-based Quicksilver Resources Inc. soared Monday on news that an investor group is seeking to take the natural gas and oil exploration and production company private.

July natural gas futures soared Monday as traders discarded less-than-encouraging weather forecasts, ample storage supplies and a declining rig count that has failed to make a dent in production for largely technical factors.

Southwestern Energy Corp.’s share price soared in heavy trading Friday after the producer’s better-than-expected 1Q2008 profit and natural gas production topped Wall Street forecasts. Lifted by the Fayetteville Shale, gas-heavy production jumped 71% from a year earlier — “crushing expectations,” a UBS analyst wrote.

Southwestern Energy Corp.’s share price soared in heavy trading Friday after the producer’s better-than-expected 1Q2008 profit and natural gas production topped Wall Street forecasts. Lifted by the Fayetteville Shale, gas-heavy production jumped 71% from a year earlier — “crushing expectations,” a UBS analyst wrote.

While natural gas futures prices recently soared to post-Katrina levels, recent data from the U.S. Department of Energy (DOE) indicates that Texans — during 2006 — had the lowest average residential natural gas rate among most of the southern states, according to Michael L. Williams, chairman of the Texas Railroad Commission (RRC).

While natural gas futures prices recently soared to post-Katrina levels, recent data from the U.S. Department of Energy (DOE) indicates that Texans — during 2006 — had the lowest average residential natural gas rate among most of the southern states, according to Michael L. Williams, chairman of the Texas Railroad Commission (RRC).