Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said last week.
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Vanguard Is Oil/Gas ‘Agnostic,’ Focused on Margin
Unlike many producers today, Vanguard Natural Resources LLC is not necessarily focused on oil and natural gas liquids (NGL)-rich acquisitions. The company has done recent deals for both liquids and dry gas assets, instead focusing on margin and how the properties fit into its structure, CEO Scott Smith said Monday.
Shale Boom Riding the Rails to Find Markets
Unlike natural gas, oil can be carried in a bucket — or in a rail car — as is increasingly the case in the Bakken Shale, for instance, where the drill bit has gotten ahead of the pipeline, way ahead of the pipeline, in offering oil producers a route to market.
Chevron’s Focus on Deepwater Gulf
With promising deepwater Gulf of Mexico projects, Chevron Corp. is in no hurry to buy anything in the U.S. onshore, CFO Pat Yarrington said Friday.
New Moratorium on Deepwater Drilling Would End Nov. 30
Interior Secretary Ken Salazar Monday issued a new moratorium on deepwater drilling in the Gulf of Mexico (GOM) that, unlike the initial moratorium, gives a date-certain for when it would end — Nov. 30.
Transportation Notes
Southern California Gas kept a high-linepack OFO that had started Wednesday in effect through at least Saturday. Unlike the previous two days in which it had not announced the OFO extension until the afternoon, shippers were notified by e-mail early Friday morning about the Saturday OFO.
Transportation Notes
Southern California Gas kept a high-linepack OFO that had started Wednesday in effect through at least Saturday. Unlike the previous two days in which it had not announced the OFO extension until the afternoon, shippers were notified by e-mail early Friday morning about the Saturday OFO.
All Points Fall; Cold-Based Holiday Rally Not Sure Bet
Triple-digit plunges continued at Northeast citygates Wednesday, and unlike a day earlier they were joined by declines spreading across the board. Several sections of the market were due to get a bit more reprieve Thursday from frigid conditions previously, although lows in the teens and 20s were still in the forecast from the Rockies through the Midwest, and sub-zero readings were expected in Alberta and parts of the Upper Plains.
Impact of New 12-Month Natural Gas ETF Likely to Be Muted
The United States Commodity Funds LLC (USCF) completed a 28-month process last Wednesday to launch its United States 12-Month Natural Gas (UNL) exchange-traded product. Unlike its sister United States Natural Gas (UNG) fund offering, which focuses on replicating price changes of the near-month New York Mercantile Exchange (Nymex) futures contract, the UNL exchange-traded fund (ETF) is attempting to track movements in the prices of the nearest 12-month Nymex futures strip.
Impact of New 12-Month Natural Gas ETF Likely to Be Muted
The United States Commodity Funds LLC (USCF) completed a 28-month process on Wednesday to launch its United States 12-Month Natural Gas (UNL) exchange-traded product. Unlike its sister United States Natural Gas (UNG) fund offering, which focuses on replicating price changes of the near-month New York Mercantile Exchange (Nymex) futures contract, the UNL exchange-traded fund (ETF) will attempt to track movements in the prices of the nearest 12-month Nymex futures strip.