Weatherman's Blog – July 2009 Archive (2)
Late July 2009: Crude Inventories Fall; Natural Gas Remains In Upper $3 Range Per 1000 Cubic Feet
The Energy Department's Energy Information Administration said in its weekly report that crude inventories fell by 1.8 million barrels, or 0.5 percent, to 342.7 million barrels. This value is 16 percent above year-ago levels. During morning energy trading on July 22, crude prices fell $1.02 to $64.59 per barrel on the New York Mercantile Exchange. On July 21, natural gas for August delivery closed at $3.846 per 1,000 cubic feet.
Added by weatherman on July 22, 2009 at 5:44 — No Comments
Natural Gas Prices Near $3.27 On July 13, 2009
Forest Oil Corp (Denver, CO) said its second horizontal Haynesville Shale well in Red River Parish, La., produced results of 20.3 MMcfe/d in early July. The well cost about $9 million. The company said it holds about 11,050 net acres in Louisiana prospective for the Haynesville Shale and has identified 110 additional potential horizontal locations on this acreage.
On July 13, during energy trading, natural gas for August delivery fell 10.1 cents to $3.272… Continue
On July 13, during energy trading, natural gas for August delivery fell 10.1 cents to $3.272… Continue
Added by weatherman on July 13, 2009 at 6:25 — No Comments
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