Energy Finance

Archive for January, 2009

Texas Monthly Oil and Gas Statistics

Thursday, January 29th, 2009 Posted in Uncategorized | Comments Off

The Texas Railroad Commission issued a total of 1,226 original drilling permits in December 2008 compared to 1,760 in December 2007. The December total included 1,068 permits to drill ... Read more..

Reserve Statements Drive Relative Performance

Wednesday, January 28th, 2009 Posted in Uncategorized | Comments Off

Look for 2008 reserve statements to drive relative performance, says Morgan Stanley & Co. Inc.'s analyst, Stephen Richardson. "Following the 59% and 26% declines in yearend crude and natural gas prices, ... Read more..

FDIC May Cap Banks’ Depositor Interest Rates

Tuesday, January 27th, 2009 Posted in Uncategorized | Comments Off

Distressed banks could be stopped from raising depsoitor interest rates above a national average under new government regulations proposed Tuesday. The Federal Deposit Insurance Corp. could change the way it calculates ... Read more..

Natural Gas Nearing A Floor At $4.50 Per MMBtu

Monday, January 26th, 2009 Posted in Uncategorized | Comments Off

The price of NYMEX natural gas may be nearing a floor of $4.50 per MMBtu, says Caylon Securities analyst Jeb Armstrong. Basis differentials near $1.50 in many regions may encourage ... Read more..

Today’s List of Companies Announcing Layoffs

Thursday, January 22nd, 2009 Posted in Uncategorized | Comments Off

The Labor Department reported today that initial jobless benefit claims rose to a seasonally adjusted 589,000 in the week ending Jan. 17, a 26-year high. The last time claims were ... Read more..

Mom-And-Pop E&Ps Cut Gas Drilling First

Wednesday, January 21st, 2009 Posted in Uncategorized | Comments Off

Smaller oil and gas producers have been the first to cut natural gas drilling since the August 2008 drilling peak, and represent the bulk of the drilling cuts so far, ... Read more..

S&P: Conspicuous Nonconsumption

Tuesday, January 20th, 2009 Posted in Uncategorized | Comments Off

Further financial woes plague every shore as the global economy continues its conspicuous trend of nonconsumption. Oil prices have fallen to heart-stopping $36 per barrel (WTI), down from $40 a week ... Read more..

U.S. Petroleum Demand Shrinks To Lowest Level Since 2003

Thursday, January 15th, 2009 Posted in Uncategorized | Comments Off

Total U.S. petroleum demand shrank to its lowest levels since 2003 due to the combined effects of higher prices early in the year and a weakening economy as the year ... Read more..

Little Correlation Between Oil Price and Equity Market

Friday, January 9th, 2009 Posted in Uncategorized | Comments Off

"We find that there is little correlation with the course of global equity markets and the oil price," says Adam Sieminski, chief energy economist for Deutsche Bank AG. "Instead, we ... Read more..

Stuff Those No-Postage-Required Envelopes, Save A Mailman

Thursday, January 8th, 2009 Posted in Uncategorized | Comments Off

If the mail volume keeps dropping, postal workers will be laid off, and postage rates may rise. The USPS has already been forced to consolidate mail carrier routes. So how ... Read more..