Infrastructure constraints during the second quarter put a crimp in SM Energy Co.’s operated Eagle Ford Shale output, prompting the Denver-based company to divert some capital to the Permian Basin, where getting production to market is easier for the time being. And a steep drop in net income pummeled the Denver-based producer’s shares.
Weak
Articles from Weak
Pipeline Troubles Lead Broad Cash Decline; Futures Dip
The physical market plunged overall on average by about 14 cents Friday as a combination of a weak screen along with operational problems in places on the East and West Coasts worked to pummel prices lower.
May 29, 2012
Liquids Focus in Onshore, Offshore Gives E&Ps an Edge, Says Credit Suisse
Given the continued weak outlook for U.S. natural gas, explorers with exposure to high rates of return (ROR) in liquids-focused plays, both in the onshore, as well as the shallow waters of Gulf of Mexico’s Outer Continental Shelf, provide the best upside going forward, according to the energy team at Credit Suisse.
April 16, 2012
It’s a Wet, Oily World, Says Raymond James
The “perma-bulls” at Raymond James & Associates Inc. have dialed back their assumptions for the U.S. natural gas rig count and giving in to the inevitable: low prices are taking down rigs in the gas patch. The good news: there’s “blistering” growth for oil and liquids drillers.
January 31, 2012
Deutsche Cuts 2012 Gas Price Forecast Another 75 Cents
Because natural gas demand still is being hurt by weak U.S. gross domestic product (GDP) growth, industrial output and “uncommonly warm weather,” Deutsche Bank on Friday reduced its gas price forecast for the second time in less than a month.
January 9, 2012
North American E&Ps ‘Adapting Quickly’ to Lower Gas Prices
North American explorers aren’t going to let a little thing like weak natural gas prices get in the way of record spending plans in 2012, a recent survey by Barclays Capital has found.
January 2, 2012
North American E&Ps ‘Adapting Quickly’ to Lower Gas Prices
North American explorers aren’t going to let a little thing like weak natural gas prices get in the way of record spending plans in 2012, a new survey by Barclays Capital has found.
December 22, 2011
Nearly All Points Up, But Bearish Signs Ahead
Although influences such as weather forecasts and record-setting storage inventories were on the weak side, only a couple of points (OGT in the Midcontinent and NOVA Inventory Transfer in Western Canada) were lower Tuesday.
November 23, 2011
Gas Rigs Decline Yet December Marches Lower
December natural gas posted a new low Friday as analysts factored in a continued weak technical picture along with a weather outlook that fails to even hint at seasonally cool temperatures. The number of rigs drilling for gas, however, posted a steep decline. December fell 6.5 cents to $3.584 and January skidded 5.1 cents to $3.696. December crude oil continued its march higher, adding $1.21 to $98.99/bbl.
November 14, 2011
Weather Firms Midwest Quotes as Rest of Market Weakens
Cash prices across the board were mainly weak Wednesday for Thursday delivery, but a large weather system heading south out of Canada was able to lift quotes on Midcontinent pipelines as the system was forecast to head east. Rockies quotes followed Tuesday’s futures swan dive, and eastern traders unloaded gas as they digested near-term weather forecasts.
November 3, 2011
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