North American natural gas giant Encana Corp. saw its gas production drop 12% from a year ago, as it turned off the spigot in its wide ranging gas-rich plays. Liquids output, however, is roaring and expected to double by the end of the year.
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Encana Natural Gas Output Slumps 12%
North American natural gas giant Encana Corp. saw its gas production drop 12% from a year ago, as well as its profits, as it turned off the spigot in its wide ranging gas-rich plays. A one-time hedging loss of $266 million and a nonoperating foreign exchange loss of $101 million reversed profits from a year earlier.
April 24, 2013
Texas Storage Facility to Turn Off Spigot to Tractebel, Cites Credit Risk
Hill-Lake Gas Storage LP, a West Texas storage facility owned by Falcon Gas Storage, has notified Tractebel Energy Marketing Inc. (TEMI) that it plans to shut off natural gas storage service to the marketer effective Thursday and has put a lien on TEMI’s gas in storage for allegedly failing to comply with the creditworthiness requirements of its contract, a top Falcon Gas official said.
May 26, 2003
Texas Storage Facility to Turn Off Spigot to Tractebel, Cites Credit Risks
Hill-Lake Gas Storage LP, a West Texas storage facility owned by Falcon Gas Storage, has notified Tractebel Energy Marketing Inc. (TEMI) that it plans to shut off natural gas storage service to the marketer effective Thursday and has put a lien on TEMI’s gas in storage for allegedly failing to comply with the creditworthiness requirements of its contract, a top Falcon Gas official said.
May 21, 2003
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