Accounted

The roundup of energy patch rustlers in North Texas continues with investigators now having accounted for more than $1 million worth of stolen petroleum products, according to the Wise County Sheriff’s Office.

Southwestern Energy Co. CEO Harold Korell said Friday that progress in 2007 in the company’s core Fayetteville Shale program and investments in emerging plays across the country have helped to “set the stage” for 30-35% production growth this year.

For the first time in five years, natural gas accounted for more than half of transacted reserves globally in 2006, a new report on global upstream mergers and acquisitions (M&A) has found.

For the first time in five years, natural gas accounted for more than half of transacted reserves globally in 2006, a new report on global upstream mergers and acquisitions (M&A) has found.

For decades the Asia-Pacific region has accounted for almost 70% of the world’s liquefied natural gas (LNG) imports, but the emergence of a plethora of projects in North America and Europe may lead to more price parity, according to an ExxonMobil Corp. executive.

DPL Inc. of Dayton, OH, agreed to sell its retail gasdistribution business to Indiana Energy Inc. of Indianapolis, ID,for $425 million in an all-cash sale to be accounted for as apurchase.

Nuevo Energy Co. agreed to sell its East Texas gas assets for$190.6 million to an affiliate of Samson Resources Co. The EastTexas assets accounted for about 275 Bcfe of Nuevo’s Jan. 1 provedreserves. The properties are long-lived reserves located mainly inthe Oak Hill Field and interests in the Carthage, SE Carthage andChapel Hill fields, as well as small interests and royaltyinterests in additional East Texas fields.