A CenterPoint Energy Inc. interstate natural gas pipeline subsidiary has agreed to a five-year extension of its firm transportation and storage contracts with Laclede Gas Co., its largest customer. Financial details were not disclosed. The contracts with Mississippi River Transmission Corp. provide Laclede with nearly 665,000 Dth/d of transportation capacity and 23.5 Bcf of storage to serve the St. Louis market. Laclede is the largest gas distribution utility in Missouri, serving more than 630,000 residential, commercial and industrial customers in St. Louis and surrounding counties of eastern Missouri.

Double Eagle Petroleum Co. has reached a record level of gross sales volumes for a month from its Catalina Unit in the Atlantic Rim of Wyoming, the company said recently. The March 2008 total gross sales volumes from the 24 wells currently on production exceeded 300 MMcfe, or an average of 12,500 Mcfe (9,230 Mcfe net to Double Eagle’s working interest) per well for the month of March. This compares to March 2007 gross sales volumes of approximately 145 MMcfe from the original 14 Cow Creek wells, or an average of 10,400 Mcfe (10,400 Mcfe net to Double Eagle’s working interest) per well for the month. Eagle currently has a 73.84% working interest in the wells at Catalina. “We are excited about the current production results from our Catalina development program and the success of our 2007 drilling program,” said Richard Dole, chairman of the board of Double Eagle. “Our record gross production in March and the anticipated production from the additional 23 wells still to be hooked up provide the company with a strong production outlook for 2008.” The March 2008 volumes include the original 14 producing wells, seven new Pod A wells and two weeks production from the company’s three producing wells in Pod B. Double Eagle Petroleum explores for, develops, and sells natural gas and crude oil, with natural gas constituting more than 95% of its production and reserves. The company’s current major development activities are in its Atlantic Rim coalbed methane play and in the Pinedale Anticline in Wyoming.

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