Encana Corp. now holds close to 12.7 million net acres of natural gas potential spread across North America, but it continues to look for the next big play — and that may be just around the corner, CEO Randy Eresman said Thursday.
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Minneapolis-based Xcel Energy’s network of 3.5 million electric and 2 million natural gas utility customers spread over eight western and Midwest states will not need any new baseload generation plants or new gas infrastructure during the next seven to nine years, CEO Dick Kelly told Xcel’s annual shareholders meeting Wednesday in Denver.
Natural gas producers have no shortage of fresh, large drilling targets as exploration campaigns quietly spread out on a new eastern industry frontier, says a new report by the Geological Survey of Canada (GSC).
Most of the market continued to climb Thursday as cold and snowy conditions were forecast to spread in the north-central section of the U.S. Cash numbers also had a smidgen of support from a screen gain of 3 cents a day earlier.
Add two more industrial end-users to the list of companies passing high energy commodity prices on to customers in the form of surcharges. Kaiser Aluminum and packaging company Sonoco both said last week that they can no longer bear higher energy costs on their own.