Swing

Shales Heating Up Talk of U.S. as LNG Exporter

The surge of U.S. shale gas supplies has caused a large-scale rethink on liquefied natural gas (LNG) and the relationship of the U.S. gas market to that of the rest of the world. Those who used to watch U.S. shores for inbound tankers now wonder how soon and how many tankers will leave this country loaded with liquefied shale gas.

November 10, 2011

West Virginia Gas Activity Driven by Marcellus Shale

Natural gas production in West Virginia is continuing on an upward swing dating back to 2003, thanks in part to development in the Marcellus Shale, a report released this month by the Department of Environmental Protection (DEP) said.

August 19, 2011

Lack of Support Allows Futures to Troll Lower

With the shoulder season now in full swing and storm systems in the tropics remaining largely unorganized, the softness in natural gas futures last week spilled over into Monday’s action as the November contract recorded a low of $3.686 before closing out the regular session at $3.727, down 7 cents from Friday’s finish.

October 5, 2010

Brown Says He Will Support Financial Overhaul Bill

Sen. Scott Brown (R-MA), a critical swing vote, Monday said he will support the conference report on the overhaul of the financial regulatory system when it comes up on the Senate floor.

July 13, 2010

Forest Focuses on Granite Wash, Haynesville, Swings to 2Q Profit

Cost cutting as a result of reduced drilling led Forest Oil Corp. to swing to a 2Q2009 profit of $37.1 million (36 cents/share) after posting a loss of $68 million (minus 78 cents/share) during 2Q2008. While the company reduced its drilling investment, management said for the remainder of the year the Denver-based company will focus its resources on its promising acreage in the Haynesville Shale and the Granite Wash.

August 10, 2009

Tom Hicks Takes Swing at E&P in Resolute Energy Deal

Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced last week, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.

August 10, 2009

Forest Posts Profit, Sets Focus on Granite Wash, Haynesville

Cost cutting as a result of reduced drilling led Forest Oil Corp. to swing to a 2Q2009 profit of $37.1 million (36 cents/share) after posting a loss of $68 million (minus 78 cents/share) during 2Q2008. While the company said it has reduced its drilling investment, management said for the remainder of the year the Denver-based company will focus its resources on its promising acreage in the Haynesville Shale and the Granite Wash.

August 6, 2009

Tom Hicks Takes Swing at E&P in Resolute Energy Deal

Texas Rangers owner Tom Hicks hopes to swing for the fences in a $582 million trade that would give him privately held independent Resolute Natural Resources Co. Under terms of the transaction announced Monday, the producer, founded by Natural Gas Partners (NGP), would go public and be listed on the New York Stock Exchange.

August 4, 2009

Nearly All Points Dive; 1-Cent Gas Returns in Rockies

As Wednesday’s swing to mixed pricing that was mostly softer had hinted, the impending return of warmer weather in the East and the depressant effect of four straight losing sessions by December futures combined to bring cash prices down hard at nearly all locations Thursday. Only flat El Paso-San Juan numbers averted a total sweep of softer quotes.

November 9, 2007

Prices Start New Year With Across the Board Drops

Swing prices for the first three days of 2005 fell across the board Thursday as weather forecasts remained generally bearish. The previous day’s futures gain of 6.1 cents may have helped mitigate the softening, in which declines ranged from a little under a nickel to about 40 cents. Losses were distributed fairly evenly through geographic regions.

January 3, 2005