Rockwell Energy News
April 16, 2010 - K1'S TO BE SENT OUT APRIL 22, 2010 TO ALL PARTNERS.
Rockwell Energy will send out K1's to all partners beginning April 22, 2010.
FUND 1 TO MAKE DISTRIBUTIONS MARCH 15, 2010
Distributions will be submitted to the bank for mailing out to limited partners March 12, 2010. Please check back here (the website) next week for a password protected area which will contain pdf downloads with produciton reports for the producing properties.
Natural Gas Hits New Session Lows Following Inventory Data
The US Dollar Index continues to trade higher, which is pressuring half of the commodity complex. The energy market is weak, while precious metals are higher.
Natural gas was trading lower ahead of inventory data... April natural gas rallied to fresh session highs of $4.29 per MMBtu as pit trading opened, but remained in negative territory. The energy component has since pulled back, giving back those gains.
Ahead of the inventory data, natural gas was trading 1.1% lower at $4.25 per MMBtu. Following the data, which showed a draw of 11 bcf versus consensus of a draw down of 30 bcf, natural gas fell to fresh lows of $4.14 per MMBtu, now 3.3% lower at $4.16 per MMBtu. April crude oil has traded in negative territory all session.
Crude hit lows around 5:00am ET at $81.89 per barrel, but has recovered most of its losses. However, it is still trading in the red at $82.46 per barrel, down 0.6%...
