Tumultuous

Halliburton Co. and Baker Hughes Inc. are beginning to see an upturn in U.S. and Canadian oilfield services following a tumultuous three-year period, which witnessed a six-month moratorium in the deepwater Gulf of Mexico (GOM) and a frenzied shift in onshore drilling activity from natural gas fields to liquids targets.

Chesapeake Energy Corp., which has been on a tumultuous trip both financially and management-wise over the past year, recorded a profit in 4Q2012, albeit lower than a year ago, but price-related revisions — nearly all related to onshore natural gas assets in the Barnett and Haynesville shales — led to losses for the year.

Chesapeake Energy Corp., which has been on a tumultuous trip both financially and management-wise over the past year, recorded a profit in 4Q2012, albeit lower than a year ago, but price-related revisions — nearly all related to onshore natural gas assets in the Barnett and Haynesville shales — led to losses for the year.

October natural gas futures surged Friday as traders elected to cover short positions ahead of what could be an extended and tumultuous weather weekend. At the close October futures rose 18.8 cents to $3.939 and November added 14.5 cents to $4.170. October crude oil fell 42 cents to $74.60.

In what has been a tumultuous period for the energy sector, second quarter earnings reports, which will be issued at a quick clip beginning on Monday, undoubtedly will be scrutinized in the days ahead as stakeholders look for some breathing room.

In what has been a tumultuous period for the energy sector, second quarter earnings reports, which will be issued at a quick clip beginning Monday, undoubtedly will be scrutinized in the days ahead as stakeholders look for some breathing room.

Despite the global economic recession and a tumultuous period for some of the top North American natural gas marketers, third quarter volumes for the companies still in the business showed impressive growth as BP once again claimed the No. 1 spot by transacting 29.9 Bcf/d, according to NGI’s 3Q2008 Top North American Gas Marketers Ranking.

Despite the global economic recession and a tumultuous period for some of the top North American natural gas marketers, third quarter volumes for the companies still in the business showed impressive growth as BP once again claimed the No. 1 spot by transacting 29.9 Bcf/d, according to NGI’s 3Q2008 Top North American Gas Marketers Ranking.

After a tumultuous week that saw wide price swings in both directions, significant heat, the coming and going of a tropical storm and the demise of a prominent hedge fund, September natural gas futures on Friday took a much deserved rest, trading within a slim 22-cent range before settling at $7.246, down 4.6 cents on the day and 6.2 cents lower than the previous week’s finish.