Complaints soar as gas, electricity prices increase Nov 17, 2009
SURGING electricity and gas prices have resulted in a record number of complaints about the billing practices of utilities companies at the same time as growing numbers of people face disconnection. The Energy and Water Ombudsman, Clare Petrie, said that in addition to the big increase in the number of complaints because of price rises, more households were seeking help to pay their bills. (Sydney Morning Herald -- Australia)
Gas prices hover near their ’09 highs Nov 17, 2009
Gas prices hover near their 09 highs - The Boston Globe ... Gas prices hover near their 09 highs ... Higher gas prices come even as demand remains soft. (Boston Globe)
Oil near $80 as China says economy improves Nov 17, 2009
Nationally, gas prices fell by less than a penny yesterday to an average of $2. 654, according to AAA, Wright Express and Oil Price Information Service. (Courier-Journal -- Business)
$7B Rockies Express gas pipeline completed Nov 17, 2009
In October 2005, the gap between Rockies natural gas prices and those at the New York Mercantile Exchange was nearly $3. 50 per thousand cubic feet. (Denver Business Journal, CO)
Nigeria: Deregulation - Price of Industrial Gas Soars By 150 Percent Nov 16, 2009
He said industries that retooled and became gas compliant were now faced with gas prices competitiveness, thereby daring any hope of cost reduction because the price of gas is benchmarked on the prices of LPFO.. He asked Gas Link Nigeria to stay action pending government's response on the issues adding, "We must bring down the price of gas so that we can popularise it usage.". (allAfrica.com)
Gas plant for Denali pipeline proposes big things Nov 15, 2009
In response to speculation about dimming prospects for natural gas in light of shale gas in the Lower 48, Denali said long-term forecasts of future gas prices have not changed much in the past six months. On the other hand, the Denali report said, the recent volatility of prices and the potential availability of massive amounts of gas in the Lower 48 "highlighted the market risk" of the North Slope project. (Juneau Empire)
T finance report renews questions on transportation pick Nov 15, 2009
That s down from last year s estimate of $13,490 a year, calculated using data when gas prices were higher. As I ve noted in the past, I think the survey s methodology has a few flaws. (Boston Globe)
Gas prices rising in Arizona Nov 14, 2009
Tucson drivers have the cheapest gas prices with an average of $2. 39 a gallon, while Flagstaff motorists continue to pay the most to fill their tanks with an average fuel price of $2. (AZCentral -- Business)
Sensex records best weekly rise in 11 weeks Nov 14, 2009
50 on market talk the oil ministry had proposed a hike in gas prices. Engineering and construction firm Larsen o (Lned 0. (India Times)
Dayton gas prices drop in past week Nov 14, 2009
That s because local gas prices dropped a dime in the past week ... In the Dayton area, mid-grade gas prices averaged $2 ... Premium gas prices averaged $2. (Dayton Business Journal, OH)
Utah refinery shutting down following recent blast Nov 14, 2009
Even after Labor Day, Valley gas prices climb ... Prices in Fresno have risen 6 cents a gallon since last Friday, defying a historical trend in which gas prices fall after Labor Day weekend as demand drops. (Fresno Bee -- Business)
Palo Alto eyes expanding plastic-bag ban Nov 14, 2009
High taxes, high property values, high grocery prices and high gas prices are not enough for a nanny government. Rather, they prefer to continue their fleecing of the poor and middle class by forcing them to purchase reusable bags. (Palo Alto Online, CA)
VINCENT CORRELL: No easy way to get America back to top Nov 14, 2009
Each time gas prices have risen there is a flurry of interest in alternative sources of power. Then, as soon as cheap oil is available we have taken the "who needs you" attitude on wind and solar power. (Fresno Bee -- Opinion)
EnCana Third-Quarter Profit Plunges on Lower Prices for Oil, Natural Gas Nov 13, 2009
EnCana 3rd-Quarter Profit Plunges on Lower Gas Prices (Update4) - Bloomberg ... EnCana 3rd-Quarter Profit Plunges on Lower Gas Prices (Update4). (Bloomberg -- Canada)
Gas prices stay high in Bay Area, drop statewide Nov 13, 2009
Vallejo had one of the lowest average gas prices in the region at $2 ... "When it comes to oil and gas prices, a balancing act of sorts is currently in effect," AAA spokesman Matt Skryja said in a statement. (Palo Alto Online, CA)
Enerplus reports third quarter results for 2009 Nov 13, 2009
Contingencies may include factors such as economic, legal, environmental, political and regulatory matters or a lack of markets. It is also appropriate to classify as contingent resources the estimated discovered recoverable quantities associated with a project in the early evaluation stage. (Canada Newswire)
No comments posted. Nov 13, 2009
Converting the sheriff s fleet would save money on gas prices which, true to form, are rising yet again. The cost of propane is about half that of gasoline. (Catskill Daily Mail, NY)
Obama Tops Forbes World's Most Powerful List Nov 13, 2009
Jintao, Putin Next On List. POSTED: 5:19 am PST November 12, 2009UPDATED: 6:49 am PST November 12, 2009. (KERO 23, CA)
Retail gasoline prices throughout Texas are falling Nov 13, 2009
Texas gas prices drop after crude begins to stabilize - San Antonio Business Journal ... Texas gas prices drop after crude begins to stabilize. (San Antonio Business Journal, TX)
Oil lingers below US$77 in Asia Friday(update) Nov 13, 2009
At the pump, gas prices have slid all month, dropping less than a penny overnight to a new national average of $2. 65 a gallon, according to AAA, Wright Express and Oil Price Information Service. (The Star Online, Malaysia -- Business)
The Country Curmudgeon A crisis of will Nov 13, 2009
Now, gas prices are creeping up again. Despite the moaning about dependence on fossil fuels, there are still huge amounts of coal, oil and natural gas to carry us through the next 50 years or more while we seek permanent solutions. (Ontario Argus Observer, OR)
Survey: Texans cutting back on spending Nov 13, 2009
In Texas, housing has been more stable, and rising oil and gas prices gives people more reason to be optimistic. From the bank s point of view, good businesses are able to get financed. (Dallas Business Journal, TX)
Gazprom's American Ambitions Nov 13, 2009
The International Energy Agency says abundant supplies are likely to keep gas prices in Europe low for a decade or more, and Gazprom's second-quarter profit was off by 36% year-on-year. After borrowing heavily to pay Italy's Eni () for the 20% stake it held in Gazprom Neft, an oil-producing unit, Gazprom saw its debt rise by 31% in the first half, to $48 billion. (BusinessWeek)
* MOEA says it respects resolution to freeze gas prices Nov 13, 2009
MOEA says it respects resolution to freeze gas prices. By Kevin Chen STAFF REPORTER Friday, Nov 13, 2009, Page 11. (Taipei Times, Taiwan -- World)
Canada Stocks Fall as Barrick, EnCana Slide with Gold, Oil; TD Bank Rises Nov 13, 2009
Nov. 12 (Bloomberg) -- fell, led by raw- materials and energy producers, as gold retreated from a record and crude oil and natural gas prices declined ... Its third-quarter revenue and profit declined as natural gas prices fell 62 percent from a year earlier. (Bloomberg -- Canada)
Storm Exploration Inc. Is Pleased to Announce Its Financial and Operating Results for the Three and Nine Months Ended September 30, 2009 Nov 13, 2009
During the quarter, approximately 240 Boe per day was shut in or curtailed due to low natural gas prices ... The benefit offered by the 2% royalty rate will be dependent on natural gas prices ... Production from this area averaged 1,332 Boe per day in the third quarter with approximately 160 Boe per day shut in during the quarter due to low natural gas prices and scheduled maintenance turnarounds. (CCNMatthews Press Releases)
NuVista Energy Ltd.: Third Quarter Interim Report Nov 13, 2009
During the third quarter of 2009, natural gas prices continued to decline due to continued weakness in the North American economy and high natural gas storage levels. However, third quarter funds from operations were relatively unchanged from the second quarter of 2009 as lower natural gas prices were offset by $11 million of gains realized from our financial and physical sale price risk management program and the additional revenues associated with the acquisition of properties that closed on... (CCNMatthews Press Releases)
Avenir Diversified Income Trust Announces Third Quarter 2009 Results Nov 13, 2009
In addition to other factors and assumptions which may be identified in this document, assumptions have been made regarding, among other things: the impact of increasing competition; the general stability of the economic and political environment in which Avenir operates; the timely receipt of any required regulatory approvals; the ability of Avenir to obtain qualified staff, equipment and services in a timely and cost efficient manner; Divisional results; the ability of operators to operate the... (CCNMatthews Press Releases)
Gas Prices Drop In Texas Nov 13, 2009
IRVING (November 12, 2009)The average price at the pump in Texas has dropped 4 cents since last week after climbing steadily for a month, AAA-Texas reported Thursday. AAA Texas said the average price per gallon at the pump was $2. (KWTX.com, TX)
Legacy Reserves LP Announces Its 2010 Development Capital Budget Nov 13, 2009
Legacy may adjust the capital budget during the year in response to changes in oil and natural gas prices and cash flow. Legacy does not budget for acquisitions, but it currently has over $100 million of available borrowing capacity under its credit facility that may be used for the acquisition of oil and natural gas assets. (Primezone Releases)
Companies release reports on pipeline projects Nov 13, 2009
In response to recent speculation about dimming prospects for North Slope gas production in light of massive amounts of shale gas in the Lower 48, Denali emphasized that long-term forecasts of future gas prices have not changed much in the past six months. The U.S. Energy Information Administration recently issued a report saying that oil and gas resources in the Arctic are difficult, expensive and controversial to develop, and that the globe's "potentially large shale gas resource could... (Anchorage Daily News)
Polish gas monopoly PGNiG posts strong 3Q gains Nov 12, 2009
Atmos posts 4Q loss on drop in natural gas prices ... Russia's Gazprom saw its earnings halved in the first six months of the year due to lower natural gas prices and sinking demand in Europe, while overall debt jumped nearly a third, the company reported Monday. (Fresno Bee -- Business)
Norex Reports Improved Third Quarter Results Nov 12, 2009
While low natural gas prices plagued activity in the third quarter of 2009 recent improvements in natural gas and oil prices have had a positive effect on our customers' plans to complete seismic programs in the fourth quarter of 2009 and the first quarter of 2010. In particular, healthy activity levels are expected in the oil sands and the Horn River shale gas play during the upcoming winter. (CCNMatthews Press Releases)
Cequence Energy Ltd. announces third quarter results Nov 12, 2009
CALGARY, Nov. 12 /CNW/ - Cequence Energy Ltd. ('Cequence' or the 'Company') (TSX: 'CQE') is pleased to announce its operating and financial results for the third quarter ended September 30, 2009 (Canada Newswire)
RWE Says Full-Year Sales to Be Lower Without Essent as Energy Prices Fall Nov 12, 2009
Gas prices fell this year in Europe, including 32 percent in the third quarter for , Norways largest producer, as the recession sapped demand. Dea suffered mainly from a slump in oil prices and negative volume effects in gas production, , an analyst with Landesbank Baden-Wuerttemberg who recommends investors buy RWE stock, wrote in a note today. (Bloomberg -- Germany)
Atmos Posts 4Q Loss on Drop in Natural Gas Prices Nov 11, 2009
Following plunge in natural gas prices, Atmos Energy Corp. posts 4th-quarter loss. NEW YORK November 10, 2009 (AP) The Associated Press. (ABC News -- Wire)
Budget cuts loom for schools Nov 11, 2009
Smith said he amplified warnings to rein in spending 1-1/2 years ago when oil and gas prices began to fall. He explained that for each 10-cent drop in natural gas prices, that s 12 million of revenue lost for the state ... RRHS Alumni wrote on Oct 23, 2009 9:00 AM:" If RRPS is hurting imagine how much APS is hurting. If the state has to make these necessary cuts across the board, it would be unfortunate, but it's reality. With the current natural gas prices fluctuating, the state is hurting for... (Rio Rancho Observer, NM)
Gas prices drop 4 cents in western Pa. Nov 11, 2009
AAA: Gas prices drop 4 cents in western Pennsylvania - Pittsburgh Business Times ... AAA: Gas prices drop 4 cents in western Pennsylvania ... Gas prices in western Pennsylvania dropped 4 cents over the past week, according to the latest AAA Fuel Gauge Report. (Pittsburgh Business Times, PA)
Costs Of Plug-in Cars Key To Broad Consumer Acceptance Nov 11, 2009
When the survey started in July 2008, gas prices were near their all-time peak level ( 4. 28 per gallon) and then fell sharply during the period of data collection. (Science Daily)
Markets end Tuesday trading mixed Nov 11, 2009
Where will gas prices be at Thanksgiving. They'll shoot up to $4 a gallon. (Pittsburgh Business Times, PA)
'They treated us like royalty' Nov 11, 2009
They treated us like royalty' - OregonLive. Sign in to OregonLive. (OregonLive, OR -- News)
Divestco Reports 2009 Q3 Results Nov 11, 2009
This press release contains forward-looking information related to the Company's capital expenditures, projected growth, view and outlook towards future oil and gas prices and market conditions, and demand for its products and services. Statements that contain words such as "could', "should", "can", "anticipate", "expect", "believe", "will", "may" and similar expressions and statements relating to matters that are not historical facts constitute "forward-looking information" within the meaning... (CCNMatthews Press Releases)
Ida, weaker dollar drive oil prices above $79 Nov 11, 2009
The Energy Department releases its figures on retail gas prices later Monday. In other Nymex trading, heating oil rose 6. (The News-Press -- Business)
Freehold Royalty Trust Announces 2009 Third Quarter Results, 17% Increase in Monthly Distributions, and Extra Distribution for 2009 Nov 11, 2009
Over the coming months, natural gas prices will depend largely on weather-related demand ... The CAODC's forecast suggests that most of the improvement in 2010 will come in the last half of the year and assumes some improvement in natural gas prices ... With respect to forward-looking statements contained in this news release, we have made assumptions regarding, among other things, future oil and natural gas prices, future capital expenditure levels, future production levels, future exchange... (CCNMatthews Press Releases)
Arsenal Energy Releases Q3 Results Nov 11, 2009
Results were 64% lower than that of Q3 of 2008 due to significantly lower oil and gas prices. Net loss for Q3 was $1. (CCNMatthews Press Releases)
Essential Energy Services Trust Announces Third Quarter 2009 Results and Elimination of the Distribution Nov 11, 2009
The price of oil showed some stability in the third quarter however, natural gas storage surplus continued to depress natural gas prices which fell as low as US$1 ... Low natural gas prices and reduced well maintenance expenditures by exploration and production companies continue to be the predominant factor behind the low activity levels ... Depressed natural gas prices, uncertainty with respect to the Alberta royalty regime and the worldwide credit crisis, which negatively impacted the... (CCNMatthews Press Releases)
INTERVIEW - Climate deal to prevent doubling of energy bills - IEA Nov 10, 2009
Gas prices in the United States are half the price of oil on an energy equivalent basis. Birol said the IEA expected overcapacity of liquefied natural gas (LNG) terminals and gas pipelines to reach at least 250 billion cubic metres by 2015, more than three times the capacity in 2008. (The Star Online, Malaysia -- News)
Another view: Coal seen in Warren Buffett's crystal ball Nov 10, 2009
If Buffett's investment instincts are right, the rest of us should brace for pain from higher oil and gas prices. As oil and gas prices rise, and road congestion increases, rail becomes an increasingly attractive alternative to long-haul trucking, especially for transporting such commodities as coal, wheat and lumber and imported finished goods from West Coast ports to the Midwest. (Montana Standard, MT)
Energy Transfer Partners profit drops 67% Nov 10, 2009
Dallas-based Energy Transfer Partners (NYSE: ETP) attributes the fall in earnings to lower natural gas prices in the current marketplace. During the quarter, Energy Transfer Partners posted a profit of $72. (Dallas Business Journal, TX)
What small-town America thinks of Sarah Palin Nov 10, 2009
Here, Americans from all over pull up in their cars, trucks and R.V.s, and, not least because of gas prices, there was no shortage of opinions about the fraught presidential race. "She'll put a match under McCain's butt!" huffed Gertrude Burke, 84, of Winslow, Mo. (Salon)
Carnage at General Motors Nov 10, 2009
But , rising gas prices weren't GM's only problem. Other charges include a $3. (Salon)
Trican-2009 Third Quarter Results Nov 10, 2009
By contrast, low natural gas prices have led to reduced industry activity in North America where the rig count has decreased by 56% and 51% in Canada and the US respectively since the third quarter of 2008 ... Low natural gas prices and high natural gas storage levels continue to depress activity levels and pricing in Canada as revenue and job count decreased by 42% and 43% respectively compared to the third quarter of 2008 ... Third quarter US revenue decreased by 31% compared to the same... (CCNMatthews Press Releases)
Trilogy Energy Trust Financial and Operating Results For the Three and Nine Months Ended September 30, 2009 Nov 10, 2009
These risks and uncertainties include, but are not limited to: volatile economic and business conditions; fluctuation of oil and gas prices, foreign currency, exchange rates, interest rates and market demand; the ability of management to execute its business plan; the risks of the oil and gas industry, such as operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; the uncertainty of reserves... (CCNMatthews Press Releases)
Abraxas posts 3Q net loss Nov 10, 2009
Drop in oil and gas prices erode Abraxas revenues - San Antonio Business Journal ... Drop in oil and gas prices erode Abraxas revenues. (San Antonio Business Journal, TX)
Reform to cost more than billed Nov 10, 2009
hipster wrote on Nov 9, 2009 10:44 AM:" So I'm assuming Brian would be the last to complain if gas prices rose to $10/gallon or if the gas bill quadrupled in the next 5 years because these companies would just be good businesses by making a greater profit. Or the flip side to the argument would be that is it moral for someone to get filthy rich off of another persons sickness. Monopolies are generally not a good thing is what I always thought. Brian thinks differently. " ... Brian wrote on Nov... (Logan Herald Journal, UT)
Edge Petroleum Announces Results for Third Quarter Of 2009 Nov 10, 2009
55 Jan-09 Dec-09 ---------------- (1) All natural gas prices are settled monthly at NYMEX Natural Gas Index and crude oil prices are settled at West Texas Intermediate Light Sweet Crude Oil Index ... our inability to continue business operations during the Chapter 11 proceeding; * our ability to obtain court approval of our plan of reorganization and various other motions we expect to file as part of the Chapter 11 proceeding; * our ability to consummate our plan of reorganization as currently... (Primezone Releases)
Survey: Gas Prices up 2.86 Cents Nationwide Nov 9, 2009
Survey: Gas Prices up 2 ... Survey: Gas Prices up 2 ... Survey says average gas prices up 2. (ABC News -- Wire)
Price of gas holds steady around county Nov 8, 2009
"This time last year, gas prices were in a continued free fall just after the election," Jeffrey Spring of the Automobile Club of Southern California said. "From almost half of this year, Southern Californians have been paying gas prices that have stayed within 20 cents of $3 a gallon -- either above or below. It seems unlikely that we'll see a significant price drop outside of that range for the rest of the year.". (San Diego Union-Tribune)
Minn.'s 'DWI Chair' Sells For More Than $10K Nov 8, 2009
s 'DWI Chair' Sells For More Than $10K - Automotive News Story - KGTV San Diego. AP Photo/Proctor Police Department via Duluth News Trubune, File. (TheSanDiegoChannel.com, CA)
Longview switching to four-day work week for city employees Nov 7, 2009
The City Council on Thursday voted 5-2 in favor of the alternative work schedule, which was first proposed as a means of conserving fuel in July 2008, when local gas prices soared above 4 a gallon ... Although gas prices have fallen below 3 a gallon, the shorter work week would help the city reduce its carbon footprint, Berg told the council. (Longview Daily News, WA)
Rosetta Resources Inc. Announces Third Quarter 2009 Results and Provides Update On Emerging Plays Nov 7, 2009
The decrease in revenues was primarily attributable to lower realized gas prices, including hedging, of $5 ... Average realized gas prices in 2009, including hedging, decreased to $5. (Primezone Releases)
RRI Energy in line with 3Q forecasts Nov 6, 2009
met analysts expectations Thursday by reporting a loss of 4 cents a share amid steep revenue declines for the third quarter due to low natural gas prices caused by reduced power demand ... The volatility in natural gas prices affected RRI s near- and longer-term forecasts. (Houston Business Journal, TX)
GMX Resources Inc. Reports Third Quarter 2009 Financial and Operating Results and Guidance Nov 6, 2009
Natural gas prices realized in the third quarter of 2009 averaged $6 ... Production and severance tax expense decreased in comparison to the third quarter of 2008 due to a decrease in oil and natural gas prices between the two periods and the fact that more producing wells in the third quarter of 2009 have received production and severance tax exemptions ... This decrease is due primarily to a lower cost basis in oil and gas properties subject to amortization due to previously recorded... (Primezone Releases)
Peak oil? Don't worry -- Obama's on the job Nov 6, 2009
If gas prices fell far enough, would Americans attempt to breathe new life into their SUV love affairs ... Which, of course, makes the already illusory prospect that increased offshore drilling would have any meaningful effect on gas prices even more evanescent. (Salon)
Hawaii gas prices up 4 cents this week Nov 6, 2009
Gas prices increased in Hawaii for the third week in a row, bringing the statewide average up 4 cents ... Gas prices for other Hawaii areas were. (Pacific Business News, HI)
