Natural gas production in Pennsylvania is expanding wildly, according to new data released by the state Department of Environmental Protection, which revealed 256 Bcf of natural gas was produced from 1,148 Marcellus Shale wells in the second half of 2010.
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Dominion Posts 3Q Loss on Isabel, Telecommunications Charges
Swinging wildly to a loss for the quarter due in large part to the impairment of its telecommunication assets, Dominion Resources reported a 3Q net loss of $256 million, or 79 cents per share, compared to net income of $430 million, or $1.54 per share for the same period last year.
Dominion Posts 3Q Loss on Isabel, Telecommunications Charges
Swinging wildly to a loss for the quarter due in large part to the impairment of its telecommunication assets, Dominion Resources reported a 3Q net loss of $256 million, or 79 cents per share, compared to net income of $430 million, or $1.54 per share for the same period last year.
Despite Another Large Storage Fill, Futures Sail Higher
After wildly carving out a 15-cent trading range in the moments following the 10:30 a.m. EDT storage report (featuring a 75 Bcf injection), the natural gas futures market continued to march higher Thursday, proving that rising storage inventories are no match for the one-two combination of concerns over winter and bullish technical factors.
Enron Eyes Winner’s Circle Well Into Future
Confident in the pliability of their wildly successful businessmodel that has transformed the energy industry, Enron needed nodog-and-pony show as executives trotted out forecasts during aninvestor’s conference last week. In the space of a few hours, theHouston-based giant’s executives stressed one point again andagain: they fully expect to remain the leader in every field theyenter into the foreseeable future.
Enron Eyes Winner’s Circle Well Into Future
Confident in the pliability of their wildly successful businessmodel that has transformed the energy industry, Enron needed nodog-and-pony show as executives trotted out forecasts during aninvestor’s conference yesterday. In the space of a few hours, theHouston-based giant’s executives stressed one point again andagain: they fully expect to remain the leader in every field theyenter into the foreseeable future.
Bulls Have Final Say at Nymex in 2000
After watching prices gyrate wildly for the last several months,traders were looking forward to a nice, quiet, last trading sessionof the year Friday at Nymex. After all, who would want to propelprices dramatically higher or lower in an abbreviated tradingsession just before the holidays? As a result, prices wouldprobably just chop lazily sideways, allowing traders the time tocatch up on paperwork, right?
Pricing for Halloween, Nov. 1-2 Wildly Varied
The source who commented “It’s a wild and crazy market outthere” when asked Friday to explain big variations in price quotesfor Nov. 1-2 business was understating the situation by manydegrees. There seemed to be no rhyme or reason at all in the earlyNovember aftermarket when traders were reporting ranges of 25-30cents for individual points in swing deals done Friday.