Achieved

President Obama, in his annual State of the Union speech Tuesday night, for the first time issued a strong call for development of domestic natural gas and oil as part of “an all-out, all-of-the-above strategy that develops every available source of American energy.”

Gastar Exploration Ltd. achieved its goal of increasing Marcellus Shale production in northern West Virginia this year, and now the Houston-based company is setting the same goal for itself in the coming year.

Affiliate of Peoples Natural Gas Co. LLC seeks to have storage facility operating by start of winter heating season.

CenterPoint Energy Inc. said Thursday its natural gas gathering volumes rose significantly during the first quarter, with shale gas accounting for most of the total as traditional basins fell. The company also continued to make progress on gathering systems in the Haynesville Shale.

The next wave of upstream innovation is likely to combine the “push” of science and “pull” by the industry, and will be achieved by companies that hire the best people, according to a panel of industry representatives at CERAWeek 2011 in Houston last week.

The next wave of upstream innovation is likely to combine the “push” of science and “pull” by the industry, and will be achieved by companies that hire the best people, according to a panel of industry representatives at CERAWeek 2011 in Houston Tuesday.

Pittsburgh-based Consol Energy Inc. said its natural gas division achieved record quarterly production of 36.2 Bcf for the quarter ended Dec. 31. This was 44% higher than the 25.1 Bcf produced in the year-ago period. For the year, the company produced 127.9 Bcf, eclipsing 2009’s record production of 94.4 Bcf by 35%, the company said. Consol said it will update its gas production forecast in conjunction with the release of its 2011 capital budget on Jan. 27.

Tuesday’s cash market bore a resemblance to the one preceding it in that all points achieved further gains, and most of them were strong. However, the Western Canada locations of Empress and AECO C failed to surpass the dime level, preventing a second day of solid double-digit advances.

Tuesday’s cash market bore a resemblance to the one preceding it in that all points achieved further gains, and most of them were strong. However, the Western Canada locations of Empress and AECO C failed to surpass the dime level, preventing a second day of solid double-digit advances.