Squeeze

Southern Union Co. said Friday it would sit down with Williams to discuss its revamped $9.4 billion merger offer, putting the squeeze on Energy Transfer Equity LP (ETE), which already has an agreement in place.

Furthering its plans to acquire approximately 3,650 net acres of Marcellus Shale leasehold, Westmont Resources Inc. on Friday said it has signed a memorandum of understanding for the acquisition of a 252-acre oil and gas leasehold in Pennsylvania’s southwest tier.

Canadian producers are keeping access to their most hazardous natural gas source, but the path to the drilling target is becoming a tight squeeze past popular resistance and regulatory supervision.

Canadian producers are keeping access to their most hazardous natural gas source, but the path to the drilling target is becoming a tight squeeze past popular resistance and regulatory supervision.

Subsidies for coal and renewable fuels could put the squeeze on natural gas in climate change legislation, said the head of the Natural Gas Supply Association (NGSA) Wednesday.

Proposed California legislation (AB 758) would allow the California Energy Commission (CEC) to squeeze more energy efficiency out of buildings constructed decades ago prior to the energy consciousness that prevails today. The legislation was introduced Wednesday jointly by the chair of the state lower Assembly’s resources committee, Nancy Skinner, and current Assembly speaker Karen Bass.

With Americans “feeling the squeeze of rising prices at the pump,” President Bush Monday issued an executive order removing the executive ban on oil and natural gas drilling in much of the federal Outer Continental Shelf (OCS).

The bearish move of the last week was able to squeeze a few more pennies out Tuesday as the July natural gas futures contract — which expires Wednesday — reached a low of $6.840 before settling at $6.877, down 6.3 cents from Monday’s close. Over the last seven regular trading sessions (all losses), the prompt month has shed $1.041.

There’s still a bit of room left to squeeze into the hottest gas play in the United States, says at least one Barnett Shale producer, as the play continues to boom in the Fort Worth Basin of North-Central Texas. Things have been so hot for so long now that it has some asking, where are the super-majors in all of this?