Tudor

Houston needs to capture the baton and lead the charge toward the transition away from fossil fuels, the chairman of energy investment firm Tudor, Pickering, Holt & Co. (TPH) said last week.

Houston-based energy banker Tudor, Pickering, Holt & Co. (TPH) is combining with Perella Weinberg Partners (PWP) to create an investment firm with $12 billion-plus in assets and more than 650 employees worldwide.

Raymond James & Associates Inc. analysts joined their peers at Tudor, Pickering, Holt & Co. Inc. (TPH) and Morgan Stanley in predicting higher natural gas prices for this year.

Hitting a $6/Mcf natural gas price after 2016 is “achievable,” but in four years a $5 gas price now appears more realistic, according to energy analysts with Tudor, Pickering, Holt & Co. (TPH).

Hitting a $6/Mcf natural gas price after 2016 is “achievable,” but in four years a $5 gas price now appears more realistic, according to energy analysts with Tudor, Pickering, Holt & Co. (TPH).

First quarter performance from EOG Resources Inc.’s “big four” oil and liquids plays was substantial enough to raise this year’s total company liquids production growth target to 33% from 30% and increase the overall production growth target to 7% from 5.5%.

Talisman Energy Inc. is slashing dry gas spending again in response to chronically low prices, but the company continues to ramp up production from the liquids-rich shale plays in its portfolio.

Eighty-six percent of energy industry and investment community executives polled recently by Tudor, Pickering, Holt & Co. (TPH) believe 2012 Henry Hub natural gas prices will average less than $2.50/Mcf, and 23% think prices will average less than $2/Mcf.

Eighty-six percent of energy industry and investment community executives polled recently by Tudor, Pickering, Holt & Co. (TPH) believe 2012 Henry Hub natural gas prices will average less than $2.50/Mcf, and 23% think prices will average less than $2/Mcf.