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Too much gas?
Last year, natural gas at Henry Hub averaged $7.17 per million Btu. That’s not bad when you consider that U.S. storage held above the five-year average, the weather was mild, ...more
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Reconsideration
Utility and coal player Consol Energy Inc.’s bid to re-roll up coalbed-methane producer CNX Gas Corp. may represent a new U.S. gas M&A trend, and further pressure on gas-acquisition prices. ...more
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Gulf Coast Drilling
Last fall, approximately 700 drilling rigs were operating in the Gulf Coast region, representing about 40% of the onshore U.S. total. These rigs were owned by 86 drilling contractors, but ...more
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Pickering picks Marcellus among hottest U.S. plays
The four best basin-based E&P stock plays are Range Resources, Southwestern Energy, Equitable Resources and Chesapeake Energy, according to analyst Dan Pickering and team at Tudor, Pickering, Holt & Co. ...more • Will Btu pricing parity between oil and gas ever return? • Greenspan votes for nuclear; discusses CO2, Iraq, recession • Mulva: Energy industry must engage in climate debate before too late • Siegel says MLPs may return a median 21% this year • E&P chiefs: Still too much capital, too few deals • Supermajors forced into higher-risk ‘resource white spaces’ • DOE: Northern Alaska could offer 36 Bbbl oil, 137 Tcf of gas • Alaskan Arctic sale high bids hit $2.6B, mostly by Shell • Petrie: Peak oil looms sooner; oil-price floor is $60 • Peakists challenge CERA to $100,000 challenge, debate • Oil executives cite exploration hot spots • E&P start-ups should continue to abound in 2008 • Deepwater Gulf capex averages $11.60/BOE, rising • Major execs say supply-demand gap becoming serious
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Global warming free-thinker
Proponents of global warming are having their day in the sun. The tenet that human-caused activities have affected the atmosphere, and that this impact has already launched the planet on ...more
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New Financings
EquityCompanyExchange/SymbolHeadquartersAmountCommentsPetrohawk Energy Corp.NYSE: HKHoustonUS$225 millionIncreased its public offering from 15 million to 18 million shares at US$15 each to pay debt and fund its 2008 capital budget and acquisitions. Lehman ...more
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Time to Buy
Amid these jittery economic and political times, Wall Street sees a silver lining for nervous energy investors sitting on the sidelines. Put simply, analysts are bullish on the prospects for ...more
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