American Petro-Hunter was founded on January 24, 1994. The Company’s primary focus is developing oil and gas exploration projects in the United States. Their principal project is a new interest in North Oklahoma, historically a region in the United States known for prolific oil production.
GAIL India declared that it has ended the day among the top gainers, after its share price went up by 7.85 percent.
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Canada’s second-leading natural-gas producer plans to drill 50% fewer gas wells this year than it did last year because of sagging prices.
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Natural gas bills are expected to surge about 5 percent for customers of National Grid if the state Public Service Commission approves a $39.4 million rate surge scheduled to be voted upon Thursday.
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The cost of natural gas in Manitoba will dip for the third straight quarter on Friday, putting the price at the lowest levels since February 2005.
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China will not necessarily increase natural gas prices even though the government is working to reform the gas pricing system.
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Colorado’s leading utility, Xcel Energy Inc., says the price it charges for natural gas will fall by 31 percent next month compared to the current month.
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The spot price of natural gas slipped below $4 per million Btus for the first time in years Friday, and the persistant decline could prove a mixed blessing for the Oklahoma economy.
CEO Steve Malcolm of Tulsa-based Williams Cos, said:
We expect 2009 to be a challenging year in the industry.
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The natural gas prices are so short due to which the prices jumped back as $4 per mmBtu is a major support which traders are looking for.
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Natural gas prices rose 0.082 cents to $4.238 per million British thermal units.
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Wednesday, June 30, 2010