Both cash and futures markets fell Tuesday following weather reports that suggested a mild March and incorporated little in the way of blocking patterns necessary for any large-scale cold influx. Notable exceptions were New England and eastern points, which experienced double-digit price erosion as almost spring-like conditions were forecast for Boston and portions of the East Coast.
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Consol Expects Utica Shale ‘Sweet Spots’
The Utica Shale could be more profitable than the Marcellus, but it could also prove to be more challenging, a Consol Energy Inc. executive suggested at a conference in Pittsburgh last Thursday.
October 24, 2011
Consol Expects ‘Sweet Spots’ in Utica
The Utica Shale could be more profitable than the Marcellus Shale, but it could also prove to be more challenging, a Consol Energy Inc. executive suggested at a conference in Pittsburgh on Thursday.
October 21, 2011
Weather Trumps Positive Economic Data; November Falls Again
November natural gas continued its march lower Monday as traders pointed to a pervasive technical downtrend, and the weather outlook suggested more mild temperatures across the Midwest. Positive economic figures were not enough to halt the trend. At the close November had fallen 4.9 cents to $3.617 and December had given up 3.4 cents to $3.928. November crude oil dropped $1.59 to $77.61/bbl.
October 4, 2011
Groups Demand Obama Stop Fracking by ‘Any Legal Means’
A coalition of 69 environmental groups has urged President Obama to “employ any legal means” to halt hydraulic fracturing (fracking) and suggested a federal moratorium until further environmental studies of the practice are completed.
August 15, 2011
Market Not Ready to Advance, Analyst Says; September Stumbles
September natural gas futures limped lower in dull trading Friday as analysts suggested that the market was not showing signs that it was capable of advancing further. At the close September natural gas had eased 4.8 cents to $4.060 and October had slid 5.6 cents to $4.071. September crude oil dropped 34 cents to $85.38/bbl.
August 15, 2011
Groups to Obama: Halt Fracking by ‘Any Legal Means’
A coalition of 69 environmental groups has urged President Obama to “employ any legal means” to halt hydraulic fracturing (fracking) and suggested a federal moratorium until further environmental studies of the practice are completed.
August 10, 2011
Traders Jockeying for Position; September Gains
September natural gas rose as traders suggested scale-down buying at lower levels, but said others elected to “front-run” the anticipated buying and establish early long positions. At the close September had risen 4.3 cents to $4.188 and October had advanced 3.3 cents to $4.190. September crude oil shed 81 cents to $94.89/bbl.
August 2, 2011
Gas, Other Clean Vehicles All Face Challenges, Experts Say
Natural gas faces some road hazards on the way to becoming a leading alternative transportation fuel, suggested speakers at a forum Wednesday in Washington, DC.
March 21, 2011
Chevron Completes Atlas Energy Acquisition
Chevron Corp. on Thursday completed its $4.3 billion acquisition of Pittsburgh-based Atlas Energy Inc., just one day after the Atlas shareholders had approved the deal, the companies said.
February 22, 2011
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