Value

In Mastiogale’s 10th edition of its industrywide Natural Gas Marketer Customer Value Study, respondents to survey questions indicated that “reliability of supply” was their top need when choosing a gas supplier.

Pipeline expansions in the Rocky Mountains are a “bullish sign for Rockies producers…that should result in lower differentials going forward and add value” to the region’s natural gas reserves, Gasco Energy Inc. CEO Mark Erickson said Wednesday.

Pipeline expansions in the Rocky Mountains are a “bullish sign for Rockies producers…that should result in lower differentials going forward and add value” to the region’s natural gas reserves, Gasco Energy Inc. CEO Mark Erickson said Wednesday.

In Mastiogale’s 10th edition of its industrywide Natural Gas Marketer Customer Value Study, respondents to survey questions indicated that “reliability of supply” was their top need when choosing a gas supplier.

After losing nearly a dollar in value in a week, dropping to $6.689 Thursday from $7.651 on Wednesday, Aug. 9, near-month gas futures staged a somewhat surprising reversal on Friday on technical factors and in response to an increase in tropical activity. The September contract soared to a daily high of $7.090 just after 1 p.m. before backtracking to end the day up only 4.2 cents at $6.731.

A tie-up of Green Bay, WI-based WPS Resources Corp. and Chicago-based Peoples Energy would create a diversified gas and power company with an enterprise value of nearly $6 billion with more than $700 million in earnings.

A strong North American natural gas position appears to be regaining its value for the majors. As domestic natural gas futures prices continue to trade in the uncharted territory of $14-15, rumors were circulating Monday about Houston-based ConocoPhillips taking an interest in buying Burlington Resources, also Houston-based. The Wall Street Journal reported that the two companies are in “advanced talks” on a deal valued in excess of $30 billion.

Calpine shares lost more than half (71 cents) of their value on Tuesday after the company announced the departure of founder and CEO Peter Cartwright and CFO Robert D. Kelly.

Soaring fuel prices, which slashed the value of unwinding energy trading contracts collapsed Williams’ 3Q earnings by 96%, the company reported Thursday. However, the Tulsa-based company raised its profit forecast for the year on the continued strong performances of its other three major business units: exploration and production (E&P), natural gas pipelines and midstream processing.