NYMEX Benchmark Crude July: (-1.1%) to $100.23
Top Energy Stocks
Energy shares are higher in late trading while crude oil futures
were unable to find legs into the close of trading. The July
contract closed above $100 a barrel.
Light, sweet crude oil for July delivery finished down 1.1% to
$100.23 a barrel. In other energy futures, heating oil was up 0.52%
to $2.99 a gallon while natural gas was down 1.6% to $4.30 per
million British thermal units.
In energy ETFs, the United States Oil Fund (USO) is down 0.95%
to $39.55. The United States Natural Gas ETF (UNG) is down 1.25% at
In late-session energy news, Devon Energy (
) today reported that its Cana gas processing plant in Canadian
County, Okla, sustained significant damage from a tornado on May
About 36 million cubic feet of natural gas and 2,000 barrels of
natural gas liquids per day, net to DVN's interest, are curtailed
as a result of the plant outage,the company said.
However, the company has stated that it continues to produce
about 100 million cubic feet per day of natural gas and 5,000
barrels of natural gas liquids per day from the Cana field. DVN
said that it expects that the impact on its full-year production
will be less than one half of one percent.
Shares are down 0.7% to $82.54.
Also, CH Energy Group (
) announced that its subsidiary, Central Hudson Enterprises, has
signed an agreement with Duke Energy Renewables, a commercial
business unit of Duke Energy (
), to sell the Shirley Wind Farm facility in Glenmore, Wisc.
Financial terms were not disclosed.
According to the company, divesting the wind farm is part of its
new strategic direction announced late last year to focus on its
core energy delivery businesses.
The wind energy project was acquired by CHG in 2009, and
commercial operation was achieved in 2010. The closing, subject to
certain conditions, is expected in July 2011.
Shares are up 0.94% to $52.71.
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