The energy merchant sector has been rebuilt, stronger than ever — and those leading the parade are more than likely the large oil and natural gas producers that once used middlemen to market their natural gas. Also coming out of the closet as energy merchants under their own names are the bankers that used to finance the marketers.
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Mixed Signals Make Traders Wary of Monday’s Energy Futures Advance
After opening lower, the natural gas futures market turned up Monday as traders bid prices higher in sympathy with stronger crude oil prices and ahead of what is expected to be a bullish storage report this Thursday. The March contract finished the session at $6.321, up 6.2 cents for the session and 20.1 cents above its morning low. By comparison, the natural gas 12-month strip, which was not as weak on the open, managed a 9.4-cent gain to average $6.682 Monday.
February 1, 2005
Anadarko Gains on Strong Oil, Gas Sales
Anadarko Petroleum Corp. reported a 38% hike in quarterly income Friday, with stronger-than-expected gains in oil and natural gas sales. Net income rose to $405 million ($1.64/share), up from $294 million ($1.17) in 4Q2003.
January 31, 2005
El Paso Posts 2Q Profit, Closes $3B in New Credit Facilities
Boosted by stronger results in its regulated business units, El Paso Corp. reported last week that it recorded a profit in 2Q2004. With Securities and Exchange Commission (SEC) approval, El Paso filed the quarterly statement late to reconcile prior income statements between 2001 and 2003.
November 29, 2004
El Paso Posts 2Q Profit, Discloses Investigation in Iraqi Oil Sales
Boosted by stronger results in its regulated business units, El Paso Corp. reported Tuesday that it recorded a profit in 2Q2004. With Securities and Exchange Commission (SEC) approval, El Paso filed the quarterly statement late to reconcile prior income statements between 2001 and 2003.
November 29, 2004
El Paso Posts 2Q Profit, Discloses Investigation in Iraqi Oil Sales
Boosted by stronger results in its regulated business units, El Paso Corp. reported Tuesday that it recorded a profit in 2Q2004. With Securities and Exchange Commission (SEC) approval, El Paso filed the quarterly statement late to reconcile prior income statements between 2001 and 2003.
November 29, 2004
Larger North American Independents Report Higher Earnings, Gas Production
Some of the largest North American independents — U.S. and Canadian — are reporting not only stronger profits, but also respectable third quarter increases in natural gas production over a year ago.
November 8, 2004
Pioneer, EOG Both Show Production Gains
Two of the largest North American independents, Pioneer Natural Resources and EOG Resources Inc., reported stronger oil and gas production in the second quarter, but only EOG showed profit gains.
August 3, 2004
Northern Border Reports Stronger Results on Gathering, Interstate Pipe Performance
Northern Border Partners LP reported a 21% increase in second quarter 2004 income from continuing operations and increased its earnings guidance for the year. The company attributed the earnings increase mainly to increased results from gathering operations in the Williston Basin and from its interstate pipelines.
August 2, 2004
Northern Border Reports Stronger Results on Gathering, Interstate Pipe Performance
Northern Border Partners LP reported a 21% increase in second quarter 2004 income from continuing operations and increased its earnings guidance for the year. The company attributed the earnings increase mainly to increased results from gathering operations in the Williston Basin and from its interstate pipelines.
July 28, 2004
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