Delphi Energy Announces Closing of Hythe Property Acquisition Nov 4, 2009
With a view of improving natural gas prices into 2010, but long-term (three to five year) pricing lower than historical cycles, scale and concentration of assets are key drivers for continued full cycle economic growth. Operational control of production, land and capital programs coupled with ownership in natural gas processing and gathering infrastructure are essential to controlling operating and capital cost efficiencies. (CCNMatthews Press Releases)
Phoenix Reports Financial and Operational Results for the Three-Month & Nine-Month Periods Ended September 30, 2009 Nov 4, 2009
In addition to other factors and assumptions which may be identified in this document and other continuous disclosure documents of the Fund referenced herein, assumptions have been made in respect of such forward-looking statements and information regarding, among other things: anticipated financial performance, business prospects, impact of competition, strategies, the general stability of the economic and political environment in which the Fund operates, exchange and interest rates, tax laws,... (CCNMatthews Press Releases)
Talisman Quarterly Profit Tumbles 98 Percent on Lower Prices for Oil, Gas Nov 4, 2009
The land purchases add to what Talisman calls its Tier 1 unconventional acreage, which is expected to be economical at gas prices of $4 per thousand cubic feet in the long term, the company said today in a separate statement. Talisman has identified about 4,800 drilling opportunities in the Montney and the Marcellus. (Bloomberg -- Canada)
Dangerous weekend on county's roads Nov 4, 2009
Sign in to OregonLive. Don't have an account. (OregonLive, OR -- News)
Al Gore: "I am optimistic" Nov 4, 2009
For a long time, Obama that, what with soaring gas prices last summer and that pesky global warming thing on the horizon, a new energy plan would be his administration's highest priority. Recession, however, has a funny way of changing presidencies. (Salon)
Paying off our global warming sins Nov 4, 2009
Rather, it's high natural gas prices and state and federal subsidies for wind power. "All these groups are trying to do the right thing," he adds. (Salon)
Gas prices in western Pa hold steady Nov 4, 2009
Gas prices in western Pennsylvania hold steady - Pittsburgh Business Times ... Gas prices in western Pennsylvania hold steady ... Gas prices in western Pennsylvania held steady over the past week, according to the latest AAA Fuel Gauge Report. (Pittsburgh Business Times, PA)
Hunger World's Biggest Problem Nov 4, 2009
With gas prices continually in flux, interest in domestically produced bio-fuels like ethanol. Constitutionally Speaking. (Newsmax)
El Paso Posts Big 3Q Profit Plunge, Cuts Dividend Nov 4, 2009
El Paso 3rd-quarter profit plunges 87 percent on lower natural gas prices; dividend slashed ... El Paso said a sharp decline in natural gas prices and lower production volumes were the major reason for the earnings decline. (ABC News -- Wire)
Oil falls to near $79 despite US crude supply drop Nov 4, 2009
Retail gas prices highest in a year ... At the same time, natural gas prices also were moving up again and have now climbed 16 percent in the past two months - just in time for furnace season to kick in. (Fresno Bee -- Business)
Power association GM: Most Stanford funds returned Nov 3, 2009
They may also see power rates lowered during the first quarter of 2010 due to the stabilization of natural gas prices, which is used to generate power. "This Stanford thing has not affected rates at all," Smith added. (Brookhaven Daily Leader, MS)
Reshaping our housing dreams Nov 3, 2009
Given gas prices, people are choosing to live closer, not farther, from the places where they work. Clearly the dramatic economic downturn has spurred American homebuyers to rethink their dreams. (Boston Globe)
Anadarko 3Q Profit Tumbles; Volume Increases Nov 3, 2009
"The rally in oil prices has helped; natural gas prices really haven't yet but we're expecting that into next year," said David Heikkinen, an analyst with Tudor Pickering p. Suntrust Robinson Humphrey analyst John Gerdes said he believes Anadarko hit the bottom and began recovering from the recession at least six months ago. (ABC News -- Wire)
After sharp rise, gas prices level off Nov 3, 2009
Retail gas prices have jumped about 23 cents since the beginning of October, reaching a high for the year on Friday. The average price for a gallon of regular unleaded fell two-10ths of a cent to $2. (Boston Globe)
Gas prices up 2 cents in Tennessee Nov 3, 2009
for free extra services. Monday, November 2, 2009, 10:26am CST. (Memphis Business Journal, TN)
FHP: When bears fly, hundreds of speeding tickets issued, fatalities cut in half over time Nov 3, 2009
Hmmm, maybe there are less accidents because there are less people driving thanks to high gas prices and a near economic depression. This is NOTHING about safety and ALL about stealing money from the citizens. (The Palm Beach Post)
Chesapeake Energy 3Q profit drops Nov 3, 2009
Low natural gas prices were blamed for the weaker showing. Revenue also was down in the quarter, from $7. (Pittsburgh Business Times, PA)
Oil hovers near $78 amid positive US economic data Nov 3, 2009
Retail gas prices have jumped about 23 cents since the beginning of October, reaching a new high for the year on Friday ... Retail gas prices highest in a year ... At the same time, natural gas prices also were moving up again and have now climbed 16 percent in the past two months - just in time for furnace season to kick in. (Fresno Bee -- Business)
Liheap sets $1,000 cap on cash aid Nov 3, 2009
Tyrone J. Christy, vice chair of the state Public Utility Commission, told the 180 attendees that this year's lower natural gas prices are "a godsend for all of us right now," that could reduce the average consumer's heating bill by a total of $600 to $800 during the season. During a brainstorming session, attendees offered suggestions for improving Liheap. (Pittsburgh Post-Gazette, PA)
Heating Oil Price Help? Nov 3, 2009
Following food and gas prices, energy costs are expected to rise this winter. In recent years, unprecedented swings in the price of oil have left Williams feeling frustrated. (ABC News -- Business)
Keokuk biodiesel plant to be sold Nov 3, 2009
Will rising gas prices affect your plans for Thanksgiving. Yes. (Keokuk Daily Gate City, IO)
St. Mary Land swings to Q3 loss Nov 3, 2009
1 million a year earlier, with the intervening fall in oil and gas prices. denvernews@bizjournals. (Denver Business Journal, CO)
Gas Prices Up As Holiday Season Nears Nov 2, 2009
70 a gallon nationwide, gas prices are at the highest they've been in all of 2009. Gas prices in El Paso are very close to the national average, at $2. (KFOXTV.com, TX)
Shell to cut 5000 Jobs Nov 2, 2009
The decline in oil and gas prices hit Shell's upstream division, which saw profits fall 82 per cent to $1. 54bn as oil and gas production fell. (India Times)
Gas prices on the rise Nov 1, 2009
Jim Orlando, owner of Affordable Limousine in Cape Coral, said he has resisted raising prices and will hold on if the gas prices level off ... Paul Monteiro, owner of Friends Pizza in Lehigh Acres, said he opened his shop in 2007 when gas prices were about $4 a gallon ... The outlook for gas prices is unpredictable because the factors driving price increases are hard to forecast, said David Pojero, division manager of AAA in Fort Myers. (The News-Press -- Business)
Sheriff looking to provide propane option for fleet Nov 1, 2009
Seeley said the goal is to save money on high gas prices, and give drivers the option of using either gas or propane whichever is cheaper or more convenient at the moment. If the car runs out of propane, you can just switch back to gas you can use either, Seeley said. (Catskill Daily Mail, NY)
PSC predicts lower natural gas prices in Ky. Oct 31, 2009
PSC predicts lower natural gas prices in Ky ... PSC predicts lower natural gas prices in Ky ... (AP) - The Public Service Commission is predicting that many Kentuckians will see smaller heating bills this winter because of "sharply lower wholesale natural gas prices.". (FOX19.com, OH)
20 comment(s) Oct 31, 2009
" John wrote on Oct 30, 2009 11:38 AM:" With world wide oil supplies dwindling and oil demand skyrocketing in China nd India, gas prices are expected to reach $10+ within the next decade. The last thing we need is more damn roads and more CO2 in our atmosphere. (Green River Star, WY)
Nicor 3Q profit soars on cheaper gas Oct 31, 2009
During the latest quarter natural gas prices ranged between $2 ... This is drastically cheaper than natural gas prices a year ago, when the commodity traded at record levels close of nearly $14 per 1,000 cubic feet. (Crain's Chicago Business)
Rising gas prices could curb holiday spending Oct 31, 2009
Americans didn't have much going for them financially in late 2008, but they did have this: Gas prices plunged by 93 cents per gallon between Oct. 30 and the end of the year ... Gas prices have risen 17 days in a row, hitting a national average of $2. (The Augusta Chronicle)
National Fuel Gas customers will see 1.5 percent price increase Oct 31, 2009
By JIM MARTIN Just three months after it lowered natural gas prices by 28 ... Effective Sunday, natural gas prices from the region's dominant natural gas utility will increase by 1. (Erie Times-News, PA)
Fuel prices may be falling but so is the mercury Oct 31, 2009
She says customers have been kinder to her since gas prices have dropped from their 4 ... "Gas prices have been pretty boring lately, but it's nice to see a leveling off of the craziness and prices becoming a little more predictable," she said. (Montana Standard, MT)
Retail gas prices highest in a year; up 17 straight days Oct 31, 2009
At the same time, natural gas prices also were moving up again and have now climbed 16% in the past two months just in time for furnace season to kick in. The worst part: Supplies of oil and gas are plentiful. (USA Today -- Money)
Black Hills Corp. falls to 3Q loss Oct 31, 2009
SIOUX FALLS (AP) -- Diversified energy company Black Hills Corp. said it fell to a third-quarter loss as continued low natural gas prices reduced its oil and gas and energy marketing income and lowered electric utility sales margins. The Rapid City, S.D., company late Thursday reported a net loss of $2. (Madison Daily Leader, SD)
Gas Prices Chugging Higher as Holidays Near Oct 31, 2009
Americans didn't have much going for them financially in late 2008, but they did have this: Gas prices plunged by 93 cents per gallon between Oct. 30 and the end of the year ... As gas prices soared from 2006 to 2008, people became increasingly tightfisted, a survey by WSL found. (ABC News -- Wire)
Our nation is in trouble and some are throwing mud for sport Oct 31, 2009
Facts wrote on Oct 29, 2009 1:24 PM:" Are you saying the Mud throwing started January, 09? Come on Jack, youre smarter than the stupidity you spewed forth above. Arent you? For 8 years we listened to the DAILY bombardment of mud slinging toward Bush. Where was your cry for unity then? Clintons last year in office saw gas prices raise from around 60c per gallon in March to almost $1.80 by November. Yet Bush was blamed daily for the Arab's greed. Bush appointed more minorities than any President... (Cameron Observer, MO)
Fresno Co. gas storage site approved Oct 31, 2009
What's driving California's high gas prices. Everyone knows gas is more expensive in California than elsewhere in the country but lately, drivers here are paying even more. (Fresno Bee -- Business)
Imperial Oil Third-Quarter Profit Falls as Crude Oil, Gas Prices Decline Oct 30, 2009
Imperial Oil Profit Falls as Crude, Gas Prices Drop (Update2) - Bloomberg ... Imperial Oil Profit Falls as Crude, Gas Prices Drop (Update2) ... Gas prices were 62 percent lower in the period because of record storage levels. (Bloomberg -- Canada)
Libraries may be bailed out with fuel fund glut Oct 30, 2009
6 million surplus because the city anticipated that gas prices would be higher than they were. Allegheny County Executive Dan Onorato, meanwhile, swung behind the notion of dedicating all local revenue from proposed casino table games to libraries -- the city share to the Carnegie Libraries, and the county share to the Allegheny County Library Association. (Pittsburgh Post-Gazette, PA)
Gas prices rise for 2nd straight week Oct 30, 2009
Gas prices in Arizona rose for the second straight week. Triple A said the current average fuel price statewide is $2. (AZCentral -- News)
ExxonMobil profit falls 68% to $4.7B; most in oil sector glum Oct 30, 2009
The three posted big drops in quarterly earnings on Thursday, after crude oil and natural gas prices plummeted and refining margins were squeezed to at times negative levels ... In addition to a 40% drop in Brent crude prices and a 65% drop in UK and U.S. gas prices, the companies' earnings were hit by a collapse in refining margins. (USA Today -- Money)
Shell and Exxon profits slip as downturn depletes demand Oct 30, 2009
Average prices of oil futures for the quarter slid almost $50 a barrel from last year and natural gas prices tumbled to a seven-year low. Exxon Mobil's US refineries lost about $2. (Business Report, South Africa)
Oil hovers near $80 as US economy recovers Oct 30, 2009
The dollar fell again, one of the reasons oil prices have soared this year, which as dragged retail gas prices up as well. The average retail price for a gallon of gasoline is now less than a penny below highs reached during the U.S. driving season. (Fresno Bee -- Business)
Otter Tail Corporation Announces Third Quarter Earnings; Board of Directors Declares Dividend Oct 30, 2009
We are committed to maintaining a strong balance sheet and an appropriate cost structure that provide Otter Tail Corporation with significant financial flexibility," said Moug. Segment Performance Summary Electric Electric revenues and net income were $73.6 million and $9.5 million, respectively, for the quarter ended September 30, 2009 compared with revenues of $82.9 million and net income of $6.5 million for the quarter ended September 30, 2008. Wholesale electric revenues from company-owned... (Primezone Releases)
Gasoline prices are on the rise across Texas Oct 30, 2009
Gas prices are on the rise across Texas - San Antonio Business Journal ... Gas prices are on the rise across Texas. (San Antonio Business Journal, TX)
Crude prices near $80; retail gas higher again Oct 30, 2009
The dollar fell once again, a factor throughout the year as crude hovers around $80 per barrel and a big reason gas prices are up. Benchmark crude for December delivery rose $2. (Courier-Journal -- Business)
Nigeria: Western, Chinese Firms Compete for Oil Rights Oct 30, 2009
Meanwhile, Shell has also said its third quarter net profits fell 73 per cent, after being hit by falling oil and gas prices and refining margins, while Chief Executive Officer, Mr. Peter Voser, has warned of a slow recovery. "We see some indications that energy demand and pricing are improving, but the outlook remains very uncertain, and we are not expecting a quick recovery," Voser said in a statement. (allAfrica.com)
Smith International takes a hit in third quarter Oct 30, 2009
announced Thursday that third-quarter earnings fell 97 percent due to lower natural gas prices. The Houston-based oil and gas company reported net income of $7 million, or 3 cents per share, on revenue of $1. (Houston Business Journal, TX)
CenterPoint misses forecasts by a penny Oct 29, 2009
attributed lower third-quarter net income to a decline in natural gas prices. The Houston power provider reported net income of $114 million, or 31 cents per share, on revenue of $1. (Houston Business Journal, TX)
Shell Profit Down 73 Percent, Hit by Falling Oil Prices Oct 29, 2009
LONDON (Reuters) - Royal Dutch Shell Plc said third quarter net profits fell 73 percent, hit by falling oil and gas prices and refining margins, and Chief Executive Peter Voser warned of a slow recovery. Europe's largest oil company by market value said third quarter constant cost of supply net income, which strips out unrealized gains or losses related to changes in the value of fuel inventories, was $2. (ABC News -- Business)
Visa posts $514m in net income Oct 29, 2009
ConocoPhillips said third-quarter profit fell 71 percent after a collapse in crude and natural gas prices ... NEW YORK - ConocoPhillips, the US oil company that announced plans this month for $10 billion in divestitures, said third-quarter profits fell 71 percent after a collapse in crude and natural-gas prices. (Boston Globe)
Deutsche Bank profit more than triples in Q3 Oct 29, 2009
BP PLC, Europe's second-largest oil company, reported higher than expected profits in the third quarter though earnings were depressed by the sharp fall in oil and gas prices in the past year. BP posted a third-quarter profit of $5. (Fresno Bee -- Business)
Lloyds, National Express, Shell May Move: U.K., Irish Equity Preview Oct 29, 2009
(RDSA LN): Europes largest oil company said third-quarter profit fell 62 percent as the global recession cut demand for fuels, slashing crude and natural gas prices. The stock dropped 22. (Bloomberg -- UK)
ConocoPhillips beats analysts in 3Q Oct 29, 2009
third-quarter earnings took a 71 percent hit on lower natural gas prices ... Although we operated well, we were adversely impacted by low North American natural gas prices and worldwide refining margins, which led us to curtail approximately 300 million cubic feet per day of natural gas production starting in late August and reduce refinery runs, Chairman and Chief Executive Officer Jim Mulva said in a statement. (Houston Business Journal, TX)
Approves blending of Ethanol into gasoline Oct 28, 2009
The Petroleum Ministry has already announced that there would be no gas load shedding for CNG stations and no increase in gas prices for CNG users. The textile industry has warned the government against cutting gas supply to the sector and consultations are underway between industry and government representatives. (Daily Times, Pakistan)
Gas prices continue to rise Oct 28, 2009
AAA: Gas prices continue upward climb, rise 14 ... AAA: Gas prices continue upward climb, rise 14 ... Gas prices in western Pennsylvania rose for the second straight week, according to AAA.. (Pittsburgh Business Times, PA)
Tuesday Business Highlights Oct 28, 2009
Gas prices up for 2 straight weeks ... LONDON (AP) -- BP PLC, Europe's second-largest oil company, reported higher than expected profits in the third quarter though earnings were depressed by the sharp fall in oil and gas prices in the past year. (Pocatello Idaho State Journal, ID)
BP earnings beat Wall Street forecasts Oct 28, 2009
98 billion, due to lower oil and gas prices ... Brent crude prices averaged $68/barrel in the quarter, 40 percent lower than in the same period of 2008, while gas prices in the U.S. and UK fell around 65 percent. (MSNBC -- Business)
Black Dragon Moves Forward on Acquisition, Releases New Photos and Full Disclosure and Updates Shareholders Oct 28, 2009
Because of oil & gas prices revenues were down over the past 12 months however the good news is the earnings increased and rose do to cut costs. BDGR is working hard to close this new acquisitions in order to have a strong 4th quarter. (Primezone Releases)
Tuesday's Top Stories in Two Minutes Oct 28, 2009
The bad: declining oil and gas prices. (Read more at MarketWatch. (MSNBC -- Business)
Number of jobs, jobless up in Sept. Oct 28, 2009
The bigger picture shows that there have been some layoffs in the oil and natural gas fields because of low natural gas prices, but the cooler summer could have impact on those prices, said Phillipe Chino, executive director of Campbell County Economic Development Corp.. Its hard to ascertain how its going to do three to five months from now, Chino said. (Gillette News-Record, WY)
Valero sees loss as crude oil demand falls Oct 28, 2009
Much of this was due to lower energy and natural gas prices, but over $200 million was due to our ongoing cost-reduction efforts. The company s capital spending for the third quarter was $521 million, of which $52 million was for turnaround and catalyst expenditures. (San Antonio Business Journal, TX)
Cabot Oil & Gas 3Q profit down 42 percent Oct 28, 2009
The company attributed some of the drop to the cost of higher production targets and lower natural gas prices. Revenues were $207 million for the third quarter, driven mostly by natural gas production and down from $245 million for the same quarter in 2008. (Pittsburgh Business Times, PA)
BP lifts cost-cutting target by $1bn Oct 28, 2009
The steep drop in crude oil and natural gas prices has hit profits across the industry ... The steep drop in crude oil and natural gas prices from their peaks in 2008 has hit profits across the industry, forcing companies to engage in major cost-cutting exercises. (CNN -- International)
Read the 'Cost of Freedom' recap Oct 27, 2009
If you really wanted to accomplish that, gas prices would have to be raised to $7 or $8 dollars a gallon with say $30 to $40 per ton of carbons emitted. If you do that, then all these new proposed energy programs wouldn't be necessary, and of course you'd lower the risk for fraud and corruption. (Fox News)
