Thanks

Thanks in part to some kind words for the commodity from the President of the United States, May natural gas futures recovered a hefty chunk of Tuesday’s losses Wednesday as traders sensed a surge past recent highs. However, the move fell short as May added 9.2 cents to $4.355 and June added 9.1 cents to $4.426. May crude oil retreated 52 cents to $104.27/bbl.

W&T Offshore Inc. grew its proved reserves by 31% last year, thanks largely to two big acquisitions from Shell Offshore Inc. and a U.S. unit of Total SA. And more deals will likely be in the offing this year, according to CEO Tracy Krohn.

W&T Offshore Inc. grew its proved reserves by 31% last year, thanks largely to two big acquisitions from Shell Offshore Inc. and a U.S. unit of Total SA. And more deals will likely be in the offing this year, according to CEO Tracy Krohn.

Thanks to Lower 48 shale gas supply growth, it’s too late for a pipeline to carry Alaska North Slope gas to market — but it may be able to catch a boat out of the frozen tundra to hotter markets in Asia, Credit Suisse analyst Teri Viswanath said in a note last Tuesday.

Thanks to Lower 48 shale gas supply growth, it’s too late for a pipeline to carry Alaska North Slope gas to market — but it may be able to catch a boat out of the frozen tundra to hotter markets in Asia, Credit Suisse analyst Teri Viswanath said in a note Tuesday.

Thanks to strong growth in all five of its business segments, Kinder Morgan Energy Partners (KMP) reported 4Q2010 net income of $413 million, a 29% jump over the $320 million recorded for 4Q2009.

Thanks to strong growth in all five of its business segments, Kinder Morgan Energy Partners (KMP) reported 4Q2010 net income of $413 million, a 29% jump over the $320 million recorded for 4Q2009.

Michiganians won’t freeze in the dark this winter, and they’ll be sitting on fatter wallets thanks to lower gas prices, according to the latest annual “Michigan Energy Appraisal: Winter 2010-2011,” released by the Michigan Public Service Commission (MPSC).

Thanks to strong oil and liquids production growth and its ongoing divestiture strategy of noncore assets, Devon Energy Corp. boosted 3Q2010 net earnings to $2.1 billion, or $4.81 per common share ($4.79 per diluted common share), up from $499 million, or $1.13 per common share ($1.12 per diluted common share) during 3Q2009. Excluding adjusted items, which included the $1.5 billion gain on the sale of assets in Azerbaijan, the company earned $628 million, or $1.44 per diluted common share.