Traded

It’s not easy being ExxonMobil Corp. The world’s largest publicly traded company’s share price dropped Thursday after the energy giant posted a higher-than-expected 10% drop in quarterly net income — even as it set a revenue record.

November natural gas futures tested longstanding resistance at $7.500 once again on Tuesday, but were rebuffed. The prompt-month contract traded between $7.360 and $7.550 before settling at $7.458, up 9.1 cents from Tuesday’s close.

Houston-based Spectra Energy Corp., which comprises the former natural gas businesses of Duke Energy, became a stand-alone, publicly traded company last Tuesday, emerging as one of the leading pure-play gas midstream companies in North America. The company’s stock began regular trading Wednesday on the New York Stock Exchange under the symbol SE.

Houston-based Spectra Energy Corp., which comprises the former natural gas businesses of Duke Energy, became a stand-alone, publicly traded company Tuesday, emerging as one of the leading pure-play gas midstream companies in North America. The company’s stock will begin regular trading Wednesday on the New York Stock Exchange under the symbol SE.

Williams plans to create a publicly traded master limited partnership (MLP) to own natural gas pipeline assets. The company also said Friday it will repurchase up to $1 billion of its common shares.

Devon Energy Corp. announced last Wednesday that its board of directors has approved a plan to form a publicly traded master limited partnership (MLP) that will own a minority interest in Devon’s U.S. onshore marketing and midstream business, including natural gas gathering and processing assets in Texas, Oklahoma, Wyoming and Montana.

In light of the decline in publicly traded companies with substantial pipeline assets and the rise in master limited partnerships (MLP) in the pipe sector, FERC last Thursday issued a draft policy statement that would allow the use of MLPs in proxy groups to determine oil and natural gas pipelines’ returns on equity (ROE) for ratemaking purposes.

In light of the decline in publicly traded companies with substantial pipeline assets and the rise in master limited partnerships (MLP) in the pipe sector, FERC Thursday issued a draft policy statement that would allow the use of MLPs in proxy groups to determine oil and natural gas pipelines’ returns on equity (ROE) for ratemaking purposes.

Devon Energy Corp. announced Wednesday that its board of directors has approved a plan to form a publicly traded master limited partnership (MLP) that will own a minority interest in Devon’s U.S. onshore marketing and midstream business, including natural gas gathering and processing assets in Texas, Oklahoma, Wyoming and Montana.