Wednesday, December 31, 2008
Natural Gas Inventory Report 12-31-08
Wednesday, December 24, 2008
Natural Gas Inventory Report 12-24-08
Thursday, December 18, 2008
Natural Gas Inventory Report 12-18-08
Thursday, December 11, 2008
Natural Gas Inventory Report 12-11-08
Thursday, December 04, 2008
Natural Gas Inventory Report 12-04-08
Wednesday, November 26, 2008
Natural Gas Inventory Report 11-26-08
Thursday, November 20, 2008
Natural Gas Inventory Report 11-20-08
Friday, November 14, 2008
Natural Gas Inventory Report 11-14-08
Thursday, November 13, 2008
Natural Gas Inventory Data Delayed
The data is postponed due to the observance of Veteran's Day.
Thursday, November 06, 2008
Natural Gas Inventory Report 11-06-08
Thursday, October 30, 2008
Chesapeake Energy Reports Strong Revenue On Natural Gas Hedges
CHK, which is the largest natural gas producer in the U.S., reported $486 million, or 85 cents a share, for the quarter ended Sept. 30, compared with $346.3 million, or 72 cents per share, a year ago.
Year to date, Chesapeake said it has made $1.5 billion, or $2.73 per share, compared with $1.1 billion, or $2.10 per share, a year ago. Revenue rose to $8.6 billion for the year from $5.7 billion.
Revenue nearly quadrupled to $7.5 billion in the quarter because of the hedges from $2 billion a year ago.
Natural Gas Inventory Report 10-30-08
Thursday, October 23, 2008
Natural Gas Inventory Report 10-23-08
Tuesday, October 21, 2008
Russia, Iran and Qatar Seek Natural Gas Cartel
The 27-nation European Union expressed strong opposition to any natural gas cartel Tuesday, with an EU spokesman, Ferran Tarradellas Espuny, saying: "The European Commission feels that energy supplies have to be sold in a free market."
Together Russia, Qatar and Iran account for nearly a third of world natural gas exports — the vast majority supplied by Russia — according to U.S. government statistics. The three hold some 60 percent of world gas reserves, according to Russia's state-controlled energy company Gazprom.
The United States — the world's largest consumer of oil and gas — produces most of its natural gas needs at home, importing only from Canada and Mexico.
Thursday, October 16, 2008
Natural Gas Inventory Report 10-16-08
Thursday, October 09, 2008
Natural Gas Inventory Report 10-09-08
Thursday, October 02, 2008
Chesapeake Energy Acquires Barnett Shale Assets
The Barnett Shale is one of the largest natural gas producing areas in the United States.
Terms of the deal were not disclosed.
Natural Gas Inventory Report 10-02-08
Thursday, September 25, 2008
Natural Gas Inventory Report 9-25-08
Tuesday, September 23, 2008
Chesapeake Energy (NYSE CHK) said in a news release Monday it would reduce capital expenditures by 17 percent because of a decrease in natural gas prices and concerns about the possibility of a gas surplus.
Of the total, $800 million affects the company's recent joint venture with BP America in the Fayetteville Shale in north-central Arkansas, Chesapeake said.
Chesapeake is one of several oil and gas exploration companies drilling in the Fayetteville Shale since the underground gas reserve was deemed commercially viable in 2002.
Thursday, September 18, 2008
Natural Gas Inventory Report 9-18-08
Thursday, September 11, 2008
Natural Gas Inventory Report 9-11-08
Thursday, September 04, 2008
Natural Gas Inventory Report 9-04-08
Thursday, August 28, 2008
Natural Gas Inventory Report 8-28-08
Thursday, August 21, 2008
Natural Gas Inventory Report 8-21-08
Thursday, August 14, 2008
Natural Gas Inventory Report 8-14-08
Sunday, August 10, 2008
Thursday, August 07, 2008
Natural Gas Inventory Report 8-07-08
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Natural Gas Remains Oversold
Thursday, July 31, 2008
Natural Gas Inventory Report 7-31-08
Natural gas technical analysis and message boards at ADVFN
Monday, July 28, 2008
China National Petroleum Eyes U.S. Natural Gas
Chesapeake is looking to raise as much as $5 billion this year from selling minority stakes in its Arkansas and Pennsylvania shale gas properties, the South China Morning Post reported on Monday, citing unnamed market sources.
continued
Thursday, July 24, 2008
Natural Gas Inventory Report 7-24-08
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Thursday, July 17, 2008
Natural Gas Inventory Report 7-17-08
Thursday, July 10, 2008
Natural Gas Inventory Report 7-10-08
Thursday, July 03, 2008
Natural Gas Inventory Report 7-03-08
Chesapeake Energy Hits Record High
Plains Exploration has agreed to buy a 20 percent interest in Chesapeake's leasehold for $1.65 billion in cash.
Plains Exploration and Production also agreed to finance half of Chesapeake's 80 percent share of drilling and completion costs for future wells. These payments would be made over several years and would cap out at an additional $1.65 billion.
Shares of CHK hit a record high of $74 before retreating to close at $69.40.
Thursday, June 26, 2008
Natural Gas Inventory Report 6-26-08
Friday, June 20, 2008
Thursday, June 19, 2008
Natural Gas Inventory Report 6-19-08
Thursday, June 12, 2008
Natural Gas Inventory Report 6-12-08
Friday, June 06, 2008
CHK Poised To Become Largest Natural Gas Producer
NEW YORK (Associated Press) - Chesapeake Energy Corp. is poised to soon become the largest producer of U.S. natural gas, the company's chairman and chief executive officer said Friday.
Speaking at the company's annual shareholders meeting, Aubrey McClendon said he expects the company's gas production to surpass that of the top two producers, BP PLC and Anadarko Petroleum Corp., within the next two months.
McClendon said Chesapeake's daily gas production during the first quarter of this year was only 86 million cubic feet, or MMcf, behind that of BP PLC. Chesapeake's average daily production in 2007 was 1,957 MMcf per day, a 23 percent increase over the previous year.
Continued......
Thursday, June 05, 2008
Natural Gas Inventory Report 6-05-08
Wednesday, June 04, 2008
Thursday, May 29, 2008
Natural Gas Inventory Report 5-29-08
Tuesday, May 27, 2008
July Natural Gas Hits $12
Sunday, May 25, 2008
June Natural Gas Contract Hits Record NYMEX High
Thursday, May 22, 2008
Natural Gas Inventory Report 5-22-08
Thursday, May 15, 2008
Natural Gas Inventory Report 5-15-08
Saturday, May 10, 2008
Natural Gas Hits $11.537
Thursday, May 08, 2008
Natural Gas Inventory Report 5-08-08
Monday, May 05, 2008
Dallas Federal Reserve Forecasts Higher Natural Gas Prices
"Higher oil prices, several cold spells, seasonal gains in demand, reduced inventories and expectations of increasing natural gas use to generate electricity are continuing to push prices upward," the bank says in its first quarter energy report.
"Much higher natural gas prices seem likely even though U.S. producers are thought to be sitting on sizable supplies of undeveloped resources," the bank says. "A recovery in U.S. manufacturing should sharply boost natural gas demand. Once LNG imports become the marginal source of U.S. supply, much higher international natural gas prices should prevail."
Thursday, May 01, 2008
Chesapeake, based in Oklahoma City, Oklahoma, had a net loss available to shareholders of $143 million, or 29 cents per diluted share, compared with a profit of $232 million or 50 cents per diluted share in the same period a year earlier.
Revenue was nearly flat at $1.6 billion.Natural Gas Inventory Report 5-01-08
Monday, April 28, 2008
Natural Gas Gaining Favor As Vehicle Fuel
Rising gasoline prices are leading to increased demand for natural gas vehicles by both commercial fleets and individuals. The accompanying video demonstrates the implementation of CNG vehicles by transit agencies.
AP reports.......Personal ownership of natural gas-fueled vehicles in Utah soared from practically nothing a few years ago to an estimated 5,000 vehicles today, overwhelming a growing refueling network, where compressors sometimes can't maintain enough pressure to fill tanks completely for every customer.
"Nobody expected this kind of growth. We got caught by the demand," said Gordon Larsen, a supervisor at Utah utility Questar Gas.
Utah has 91 stations, including 20 open to the public, mostly in the Salt Lake City area. The others are reserved for commercial drivers, such as school districts, bus fleets and big businesses such as a Coca-Cola distributor.
Friday, April 25, 2008
Natural Gas Crosses $11
Thursday, April 24, 2008
Natural Gas Inventory Report 4-24-08
Wednesday, April 23, 2008
Natural Gas Hits 27 Month High
Saturday, April 19, 2008
Natural Gas Crosses $10.50
Friday, April 18, 2008
Global Demand Continues To Drive Natural Gas Prices Higher
(WSJ) Americans feeling the pain of record gasoline prices now face the likelihood of another fuel shock, from natural gas.
Prices in the U.S. have risen 93% since late August as power-hungry nations like South Korea and Japan compete in a global natural-gas market that scarcely existed a half-decade ago. Still, U.S. prices are as low as half the level of some overseas markets, suggesting they have much further to rise.
Continued WSJThursday, April 17, 2008
Natural Gas Inventory Report 4-17-08
Saturday, April 12, 2008
EIA`s Weekly Natural Gas Storage Report ...the net withdrawal from working gas storage of 14 billion cubic feet (Bcf) is a dramatic departure from the 5-year average net injection of 15 Bcf and 2007's net injection of 33 Bcf for the same report week.
Heating demand for natural gas ... heating degree-days in the Lower 48 States were about 7% above normal levels during the report week (March 28-April 4, 2008) and almost 62% above the level reported for the same week last year, according to the National Weather Service`s degree-day data.
Thursday, April 10, 2008
Natural Gas Inventory Report 4-10-08
Wednesday, April 09, 2008
Natural gas continued to rally ahead of Thursday's inventory report. Analysts expect another decline in natural gas supplies due to a reduction in LNG imports.
Natural gas for May delivery gained 4.2 percent or 40.3 cents to $10.10 per million British thermal units on the New York Mercantile Exchange. Natural gas prices are currently up 35% in 2008.
Tuesday, April 08, 2008
The three wells drilled during the 2008 winter season are producing from the Muskwa shale and flowing through Apache's Missile gas plant. The Ootla area is in the northeast corner of British Columbia, about 60 miles from Fort Nelson, B.C.
"Although we are still in the early stages of understanding the full scope of this play, these three wells help validate our view that Ootla has the potential to be one of the larger shale gas accumulations in North America," said G. Steven Farris, Apache's president and chief executive officer.
Apache Press Release
Monday, April 07, 2008
Natural Gas Stages Rally
Saturday, April 05, 2008
Analyst Forecasts $12 Natural Gas
``There's a real tug of war going on between the bulls and the bears,'' said Carl Neill, an energy analyst at Risk Management Inc. in Chicago. ``Natural gas storage is low, though there's nothing to really move the market right now'' as temperatures moderate with spring's arrival.
Futures prices are getting ``good support'' around $9.40 per million Btu and will probably move higher to about $12 this summer, Neill said.
Thursday, April 03, 2008
Natural Gas Inventory Report 4-03-08
Sunday, March 30, 2008
DVN Forecasts Higher Barnett Shale Production
Devon Energy (NYSE DVN) forecasts that production in the Barnett Shale will hit 1 billion cubic feet per day during the second quarter of 2008.
DVN currently produces 970 million cubic feet of natural gas per day from it's Barnett Shale operations in Texas. DVN uses both vertical and horizontal wells to captured natural gas held in shale deposits.
Thursday, March 27, 2008
Natural Gas Inventory Report 3-27-08
Wednesday, March 26, 2008
Natural Gas Continues To Trend Higher
InsideThePipelines.com will report the weekly natural gas inventory data immediately after the release at 10:30 am ET on Thursday.