Acceleration

New Jersey Natural Gas (NJNG) Tuesday received approval from the New Jersey Board of Public Utilities (BPU) to implement its Safety Acceleration and Facility Enhancement (SAFE) program, which will replace 276 miles, or about 50%, of the cast iron and unprotected steel mains and associated services in its delivery system over the next four years.

Harvest Natural Resources Inc. (HNR) has completed the sale of its oil and gas assets in the Uinta Basin of Utah to an affiliate of Newfield Exploration Co. for $215 million in cash, Houston-based HNR said Wednesday. The sale has an effective date of March 1.

Acceleration of shale natural gas development not only has lowered the price of natural gas but will exert downward pressure on the price of crude oil, said an official with the International Energy Agency (IEA) Thursday.

Acceleration of shale natural gas development not only has lowered the price of natural gas but will exert downward pressure on the price of crude oil, said an official with the International Energy Agency (IEA) Thursday.

A modest “re-acceleration” in sequential natural gas supply growth in 3Q2010 doesn’t appear to be slowing down, and in fact implies that gas supplies could jump again in the final three months of the year by as much as 1.5 Bcf/d, analysts with Raymond James & Associates Inc. said last week.

A modest “re-acceleration” in sequential natural gas supply growth in 3Q2010 doesn’t appear to be slowing down, and in fact implies that gas supplies could jump again in the final three months of the year by as much as 1.5 Bcf/d, analysts with Raymond James & Associates Inc. said Monday.