Sustain

Encana Corp. is placing a $600 million bet this year that a transition to more oil and liquids-rich production will help sustain the company until natural gas prices strengthen, CEO Randy Eresman said last week.

Encana Corp. is placing a $600 million bet this year that a transition to more oil and liquids-rich production will help sustain the company until natural gas prices strengthen, CEO Randy Eresman said Thursday.

Private equity opportunists buying distressed U.S. natural gas assets helped to sustain merger and acquisition (M&A) activity in the U.S. oil and gas sector in the first three months of this year, according to PwC US.

Private equity opportunists that took a chance on distressed U.S. natural gas assets helped to sustain merger and acquisition (M&A) activity in the U.S. oil and gas sector in the first three months of this year, according to PwC US.

BP plc has accumulated close to 450,000 net acres in the the Eagle Ford Shale in South Texas, executives said Tuesday.

Demand for oilfield services in North America’s onshore — especially hydraulic fracturing (hydrofracking) — is growing faster than companies can add equipment, Halliburton CEO Dave Lesar said Monday.

Although milder weather will begin returning Wednesday to the Northeast and Rockies, the cash market managed to sustain this week’s overall rebound at most trading locations Tuesday. The temperature increases would still leave lows on either side of freezing in several parts of those regions, and thermometer levels inching lower in other areas would chip in small amounts of heating load to partially counteract the pockets of moderation.

Cold weather trends managed to sustain a substantive cash rally into a second straight day for the first time in more than a week Thursday. Even a 3.4-cent retreat by December futures a day earlier failed to keep prices from rising by double digits at most points again.

Prices dropped across the board Friday as forecasted weekend temperatures were not enough to sustain further firmness in the cash market. Instead, Thursday’s prompt-month futures dip of 13.9 cents, along with the usual weekend decline of industrial load, proved to be stronger influences on physical quotes.