Arkansas Lawmaker Withdraws Severance Tax Bill

Arkansas state Rep. Tommy Lee Baker (D-Osceola) has withdrawn legislation (HB 1992) that would have ended severance tax exemptions for natural gas drillers due to a lack of support in the House Insurance and Commerce Committee.

March 16, 2011

Futures Attack Old High Following Supportive Storage Draw

Fueled by a supportive natural gas storage withdrawal, May natural gas futures on Thursday surged higher to within four-tenths of a cent of the move’s $10.294 high before collapsing in afternoon trade. The prompt-month contract ended up closing the day at $10.098, up 4.2 cents from Wednesday’s close.

April 11, 2008