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General Interest 2009 P4

  • 12/17/2009 -- MARKET WATCH: Energy prices continue resurgence
    Energy prices continued to climb with crude regaining much of its loss from a 9-day downturn to close above $72/bbl Dec. 16 on the New York market on a bullish report of reduced inventories of crude and distillate fuel.
  • 12/17/2009 -- Early release of EIA 2010 forecast sees falling US oil imports
    A significant increase in US biofuels production could make the nation less dependent on imported oil, the US Energy Information Administration said in an early release of its 2010 Annual Energy Outlook reference case.
  • 12/17/2009 -- EPA chief receives guidance on frac study
    Twenty-two US House Democrats asked the US Environmental Protection Agency to use a systematic, scientific approach in its study of hydraulic fracturing to ensure transparency, accuracy, and validity.
  • 12/17/2009 -- North Belut gas field starts off Indonesia
    ConocoPhillips and partners have started production from North Belut gas field on South Natuna Sea Block B off Indonesia.
  • 12/17/2009 -- Swift Energy promotes vice-presidents
    Swift Energy Co., Houston, has promoted Randy Bailey to vice-president of production, Steven Tomberlin to vice-president of engineering, and Barry Turcotte to vice-president of accounting and controller.
  • 12/17/2009 -- Tennessee firm buys Pacific Energy Alaska assets
    A unit of Miller Petroleum Inc., Huntsville, Tenn., has purchased the Alaska Cook Inlet assets of bankrupt Pacific Energy Resources Ltd., Long Beach, Calif., and plans to boost production.
  • 12/16/2009 -- MARKET WATCH: Crude tops $70/bbl, ending losing streak
    The front-month crude contract closed above $70/bbl on Dec. 15, snapping a 9-session losing streak on the New York market on a stronger-than-expected rise in US industrial production and an anticipated draw on US oil inventories.
  • 12/16/2009 -- Range sees 200 MMcfd from Marcellus by yearend 2010
    Range Resources Corp., Fort Worth, one of the top operators in the Devonian Marcellus shale gas play, said it expects to end 2010 at a net 180-200 MMcfd of gas equivalent from the formation and believes drilling so far has derisked 390,000 acres in southwestern Pennsylvania.
  • 12/16/2009 -- Prospects remain uncertain for US climate-change legislation
    Prospects for US climate-change legislation in 2010 remain uncertain as 2009 enters its final weeks.
  • 12/16/2009 -- Fitch: Credit-quality outlook mostly stable
    Except in two categories, the credit quality of companies in the global oil and gas industry will be stable in 2010, according to Fitch Ratings, New York.
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