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Tidy

Futures Still Range-Bound as Eyes Shift to Fresh Storage News

Natural gas futures trading on Wednesday was akin to watching paint dry as the May contract traded within a tidy 22-cent range from $6.940 to $7.160, making it the second half-hearted effort to sub-$7 prices in as many days. The prompt month ended up settling at $7.069, up less than half a cent from Tuesday’s close.

April 6, 2006

Cross Timbers Shakes Up Portfolio

Cross Timbers Oil Co. executed a series of acquisitions, salesand closings last week in an attempt to tidy its portfolio andreduce debt. Through all the activity, the Texas-based producergained full control of Oklahoma City-based Spring Holdings Co. andclosed a previously announced $231 million deal with Ocean Energy.Cross Timbers said the net result of all this activity was anincreased reserve base, without deviation from its debt reductionplan.

September 20, 1999