Energy Finance

Archive for July, 2009

API: 2Q Exploration Wells Fall 63%

Monday, July 13th, 2009 Posted in Uncategorized | Comments Off

For the second quarter in a row, drilling activity in the U.S. exploration and production industry fell to levels not seen since 2003 and 2004, according to API’s second-quarter 2009 ... Read more..

The Effect Of UNG On Gas Prices

Friday, July 10th, 2009 Posted in Uncategorized | Comments Off

Prior to this year, the natural gas market was largely unaware of the existence of the single-commodity exchange-traded fund (ETF), United States Natural Gas (UNG). However, the size of the ... Read more..

IPAA Blasts Commodity Futures Trading Commission Proposal

Thursday, July 9th, 2009 Posted in Uncategorized | Comments Off

The Commodity Futures Trading Commission (CFTC) proposed rules must avoid crippling independent energy producers, slowing production and increasing prices, says Barry Russell, president and chief executive of the Independent Petroleum ... Read more..

Happy Birthday, Chesapeake!

Tuesday, July 7th, 2009 Posted in Uncategorized | Comments Off

Chesapeake Energy Corp. turned 20 years old in May. Happy birthday! The company grew from an minnow with $50,000 of capital, with no proved reserves or gas production and fewer than ... Read more..

S&P: Credit Markets Getting Back To Normal, But…

Monday, July 6th, 2009 Posted in Uncategorized | Comments Off

Although risk aversion remains very high because of the financial crisis and global recession fears, continued government action has helped calm markets, say David Wyss and Beth Ann Bovino, ... Read more..

Lower Gas Injection Is A Positive Indicator For Prices

Thursday, July 2nd, 2009 Posted in Uncategorized | Comments Off

The week of June 26 saw a natural gas storage injection of 70 billion cubic feet (Bcf) with total working gas in storage for the at 2,721 Bcf. The storage ... Read more..

Duplicative Hydraulic Fracturing Rules Could Imperil U.S. Economy

Wednesday, July 1st, 2009 Posted in Uncategorized | Comments Off

The U.S. economy could suffer a severe blow if federal regulators demand duplicative oversight of hydraulic fracturing, a commonly used well-stimulation and completion technology already regulated by the states, according ... Read more..