Strong Buy on Natural Gas NYSE:UNG, OTC:HPGS, NYSE:WES
United States Natural Gas Fund, LP NYSE:UNG, High Plains Gas Inc OTC:HPGS, Western Gas Partners, LP NYSE:WES
here are the best buys in natural gas NYSE:UNG, OTC:HPGS, NYSE:WES
United States Natural Gas Fund, LP (USNG) is a limited partnership. The Company is a commodity pool that issues limited partnership interests (units) traded on the NYSE Arca, Inc. (the NYSE Arca). The investment objective of USNG is for the changes in percentage terms of its units’ net asset value (NAV) to reflect the changes in percentage terms of the spot price of natural gas delivered at the Henry Hub, Louisiana as measured by the changes in the Futures Contract on natural gas traded on the New York Mercantile Exchange (NYMEX) that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire. The Company’s general partner is United States Commodity Funds LLC (the General Partner) and is responsible for the management of USNG.
High Plains Gas, Inc. Increases Gas Production OTC:HPGS
The Company’s average production for previously producing wells increased 129%, as compared to those wells that had not underwent re-enhancement.
The re-enhancement program included well cleanouts, pump and blower changes and other activities to initiate and increase existing production. Of the total wells in the enhancement program, 10 wells with prior natural gas production had a net increase of 4,289 Mcf (thousand cubic feet) for the month after re-enhancement efforts, for an average increase of 129%.
The 12 wells that did not have gas production prior to February 2010 added 4,821 Mcf per month to High Plains natural gas output after restarting took place.
“We are very pleased that we were able to increase production of previously working wells by 129%, showcasing our great success with re-enhancement and refurbishment processes. As we continue with our re-enhancement programs in other fields, we plan to continue to increase our gas production capabilities,” said Mark Hettinger, Chairman of High Plains Gas. “With our recent North and South Fairway acquisition of over 1,600 wells, we already have targeted over 600 wells for re-enhancement, which is expected to begin in early 2011.”
About High Plains Gas, Inc.
High Plains Gas, Inc. is a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. Through its wholly-owned subsidiary CEP — M Purchase LLC, the Company owns the former Marathon “North & South Fairway” assets. These assets consist of 1,614 Coal Bed Methane Wells with associated flow lines and over 155, 000 net acres. This combined with the Company’s existing 92 natural gas wells gives the company a strong foundation in the natural gas industry. High Plains Gas will pursue expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas believes it has unique expertise and experience in the refurbishment and reactivation of wells that produce natural gas from coal bed methane formations.
Western Gas Partners, LP NYSE:WES
Western Gas Partners, LP (Partnership) is a limited partnership organized by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. The Company is engaged in the business of gathering, compressing, treating, processing and transporting natural gas for Anadarko. As of December 31, 2009, its assets consist of nine gathering systems, six natural gas treating facilities, four gas processing facilities, one natural gas liquid (NGL) pipeline and one interstate pipeline. The Company’s assets are located in East and West Texas, the Rocky Mountains and the Mid-Continent. In July 2009, the Company acquired a 51% interest in Chipeta Processing LLC (Chipeta).
- Bank of Thailand and the Thai Baht
April 20, 2013
- Asia’s Best Hedge Funds
April 4, 2013
- US Manufacturing Drops, EU unemployment 12% , Cyprus asks for time, Germany Near Contraction
April 2, 2013
- Asia’s Leading Management Consultants
March 15, 2013
- ECB Turns Fascist on Critics
January 18, 2013
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
UAE Economy Seeing a Spring Boom
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Commodities; Crude Oil ends the Week 2.3% Lower, Nat Gas Gains 4.4%
Jul Crude Oil lifted off its session low of 93.04 set moments after floor trade …
The Hot List
Roulette, The Devil’s Game
All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”