One of Chesapeake Energy’s natural-gas drilling operations in Bradford County, Pa. Daniel Acker/Bloomberg The early 2000s mantra of “drill, baby, drill” was successful in one regard—it flooded the market with energy supply, pushing prices sharply lower. For investors, though, it was a terrible deal. As U.S. shale oil-and-gas producers binged on debt to increase production, […]
Read More(Bloomberg) — EQT Corp. is unwinding natural gas hedges that its top executive said were “obviously” a bad idea. The largest U.S. gas driller has exited about 20% of its caps for the fourth quarter and 10% of those for 2022, Chief Executive Officer Toby Rice said during an interview on Thursday, referring to options […]
Read MoreA recent boom in oil and gas prices, along with severe weather, is making the mix of energy sources in the U.S. more expensive, volatile, and pollution-heavy. Jeff Swensen/Getty Images A recent boom in oil and gas prices, along with severe weather, is making the mix of energy sources in the U.S. more expensive, volatile, […]
Read MoreThe continuing European energy market crunch is still making headlines. The main culprit, according to media and politicians, is Russia, as it is refusing to increase its gas deliveries to the market. When looking at market fundamentals, it certainly appears that Russia is partly responsible for the energy shortage, but there is a major underlying […]
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