Items Tagged with 'prices'

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Falling Oil Prices Squeezing Onshore E&P Operators

It's only a "matter of weeks" before onshore operators begin laying down rigs in some U.S. oilfields, one industry observer told NGI on Tuesday. Onshore exploration and production (E&P) companies also are seeking price relief from oilfield service operators, according to one energy analyst. Read More

BP Slammed on Oil Price Plunge But Still Beats Consensus

BP plc on Tuesday posted a 19% decline in third quarter profits from a year ago, in part impacted by the global oversupply in crude oil, and in part on a huge drop in profits from its near-20% stake in Russia's OAO Rosneft, but the producer still beat Wall Street consensus by a wide margin. Read More

BG Group Alum Positioning New Company for Volatility's Comeback

Former BG Group plc executive Martin Houston's newly launched Parallax Energy is developing mid-scale liquefied natural gas (LNG) assets; putting together a gas marketing and trading shop; and, through an affiliate company, will be hunting for value in the U.S. shale patch. Houston told NGI he's getting ready for the price volatility to come. Read More

Bakken, Piceance Assets Likely to Be Sold, Oxy CEO Says

Occidental Petroleum Corp. (Oxy), which soon will spin off its California assets into a new company, currently has more of a sales mindset, but if oil prices continue to decline it could quickly switch to a buying mode regarding U.S. domestic assets, particularly in the Permian Basin, CEO Stephen Chazen said Thursday on a 3Q2014 earnings conference call. Read More

EIA Expands Heating Oil, Propane Price Data Program to 38 States

The U.S. Energy Information Administration said it is expanding its program for collecting weekly residential heating oil and propane price data from 24 to 38 states this winter. Read More

North Dakota Officials Eye Oil Price Declines; Fear Rig Cutback

Bakken sweet crude oil on Wednesday was fetching $66.25/bbl, prompting North Dakota's chief oil/natural gas regulator to spend most of his time during a monthly production webinar lamenting the possibility of future slowed production in the state's otherwise uninterrupted oil boom. Read More

Declining Crude Prices May Cause Pause in Onshore Boom, Say Analysts

Stagnant natural gas prices led exploration and production companies to move their drillbits to more lucrative liquids. Now, declining crude prices... Read More

Panelists: LNG Exports Won't Lead to U.S. Price Spikes

Warnings from some who claim sending too much U.S. natural gas overseas could cause severe domestic price spikes are short-sighted and don't account for... Read More

Moody's Cuts Natural Gas Price Assumptions Through 2015

North American natural gas prices should rise eventually on demand from new petrochemical plants and the start-up of export facilities, but it won't be until later this decade, Moody's Investors Service analysts said Thursday in cutting price assumptions through 2015. Read More

Traditional Seasonality Questioned; October Called 5 Cents Lower

October natural gas is set to open 5 cents lower Tuesday morning at $3.88 as traders see little in the way of market-moving near-term events and weather forecasts look benign. Overnight oil markets fell. Read More