Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Range Resources (RRC) -- Ignore unavailable to you. Want to Upgrade?

To: doug doan who wrote (28)	1/4/1999 10:40:00 AM
From: Bucky Katt	Respond to of 82

I bought at $3 and under. Also got XTO, BNO, CRK....

To: doug doan who wrote (28)	1/14/1999 9:44:00 AM
From: Bucky Katt	Respond to of 82

Tax break urged for troubled Texas oil producers AUSTIN, Texas, Jan 14 (Reuters) - The Texas Railroad Commission urged the state legislature on Wednesday to provide tax relief to the state's beleaguered oil and gas producers. The three-member panel, which regulates the Texas oil industry, called on legislators to back a proposal to suspend state taxes on production whenever oil prices fell below $15 per barrel and gas prices fell below $1.50 per thousand cubic feet. Oil prices have been at 12 year lows for the past few months and, in inflation adjusted terms, are at their lowest level for a quarter century. ''Today, with the oil price per barrel where it is, there is simply no way the domestic energy industry, in particular the independents in our state, can stay competitive with foreign oil,'' Commissioner Tony Garza said in a statement. The Railroad Commission said the oil and gas industry pumped nearly $60 billion into the Texas economy in 1997, provided more than 1.2 million jobs directly and indirectly in the state and was an important source of funding for schools and universities. Currently Texas levies a 4.6 percent tax on the wellhead value of oil and a 7.5 percent tax on the wellhead value of gas. --------------------------------------------------------------------------------

To: doug doan who wrote (28)	2/17/1999 6:19:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 82

spot natgas prices stalled in narrow ranges (big surprise!) NEW YORK, Feb 17 Sluggish trading and little movement on NYMEX gave way to steady prices on Wednesday in the U.S. spot natural gas market, industry sources said. The ongoing GasFair conference in Houston, scheduled to end on Thursday, was keeping many traders out of the market. Milder-than-normal weather has also kept a lid on prices. But a cold front expected to arrive in the Midwest late this week, driving temperatures back to normal or slightly below normal, may help to stimulate the currently stagnant market, sources said. The colder weather, mixed with snow, is expected to reach the Northeast this weekend. Spot natgas prices at Henry Hub were quoted in a narrower range at $1.78-1.80 per mmBtu. This again matched the activity on NYMEX, where the March contract wavered between $1.775 and $1.80. In the Midcontinent, pipes like Panhandle and ANR were assessed about a penny lower at $1.70-1.74, with Chicago city gate pegged tightly at $1.80-1.81. In the east, Appalachian deals on Columbia were reported at $1.88-1.90, while the New York city gate market was pegged at $2.00-2.04 on Transco and in the high-$1.90s on Texas Eastern. In the West, Permian Basin gas was talked unchanged in the mid-$1.60s, while San Juan deals were reported done at $1.63-1.64. Transwestern said maintenance is scheduled for March 9-11 on its West of Thoreau mainline, which will likely affect about 68 million cubic feet per day (mmcfd) of supply. Withdrawal estimates for today's American Gas Association storage report ranged from 60 to 120 bcf, with most seen at 80-85 bcf. This compares with a 93 bcf draw a year ago. --------------------------------------------------------------------------------