An epic Canadian environmental contest has ended in victory for a prized patch of wild Alberta plains and a loss for a natural gas producer. A 1,275 well, shallow gas drilling program, proposed by Cenovus Energy, will not be allowed, Canada Environment Minister Peter Kent announced Friday.
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Drilling Program Nixed for Alberta Plains
An epic Canadian environmental contest has ended in victory for a prized patch of wild Alberta plains and a loss for a natural gas producer. A 1,275-well, shallow-gas drilling program, proposed by Cenovus Energy, will not be allowed, federal Environment Minister Peter Kent announced Friday.
FERC: More, Cheaper Gas for Winter
Since last year, gas supplies are higher, prices are lower, the forward curve is friendlier to buyers, but winter is still a wild card, FERC staff told the Commission last Thursday during the Winter 2012-2013 Energy Market Assessment presentation.
Lots of Cheaper Gas for Winter, But New England a Worry, Says FERC Staff
Since last year, gas supplies are higher, prices are lower, the forward curve is friendlier to buyers, but winter is still a wild card, FERC staff told the Commission Thursday during the Winter 2012-2013 Energy Market Assessment presentation.
Pickens Predictions: High Oil, More Gas
It wouldn’t be a proper T. Boone Pickens speech without a wild predication or two, and the legendary oilman made a handful at Hart Energy’s 2011 DUG (Developing Unconventional Gas) East conference in Pittsburgh on Wednesday.
Futures Inch Lower as Forecast Moderates
After a wild week of ups and downs as January futures traded between $4.328 and $4.637, traders on Friday took a bit of a break as the prompt-month contract traded in a tighter range and ended up closing the regular session at $4.417, down 1.8 cents from Thursday’s finish but 6.8 cents higher than the previous week’s close.
Upside Open? Futures Add 15.7 Cents to $4.164
Continuing the wild back and forth trading from one week to the next, December natural gas futures on Friday traded between $3.975 and $4.175 before closing at $4.164, up 15.7 cents from Thursday and 36.5 cents higher than the previous week’s finish.
Futures Rebound to Finish Week Above $4
Completing a week of wild roller-coaster ups and downs before basically returning to where it had begun the week, the May natural gas futures contract on Friday streaked higher to close the day at $4.070, up 16.1 cents from Thursday’s close but 1.6 cents less than the previous week’s finish.
Futures Rebound to Finish Week Above $4
Completing a week of wild roller-coaster ups and downs before basically returning to where it had begun the week, the May natural gas futures contract on Friday streaked higher to close the day at $4.070, up 16.1 cents from Thursday’s close but 1.6 cents less than the previous week’s finish.
Energy Futures Fall on ‘Global Margin Call,’ Broker Says
All but eclipsed by yet another day of wild swings on Wall Street, energy futures still were able to make a splash on Friday as crude futures pushed below $80/bbl for the first time in exactly one year and natural gas futures continued to nip at their 13-month low. November crude ended up closing $8.89 lower at $77.70/bbl while November natural gas finished at $6.535, down 29 cents on the day and 82.3 cents lower than the previous week’s finish.