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Allenergy Inc. said last week it has equipped and put on pump eight of the 26 existing wells on its Ball Lease property, part of the company’s 960-acre AE Project Four in southeastern Kansas. Allenergy plans to have two additional wells pumping before the end of 2006, weather permitting.

Allenergy Inc. said it has equipped and put on pump eight of the 26 existing wells on its Ball Lease property, part of the company’s 960-acre AE Project Four in southeastern Kansas. Allenergy plans to have two additional wells pumping before the end of 2006, weather permitting.

Birmingham, AL-based Energen Resources Corp. signed a farmout agreement with Chesapeake Energy Corp. Monday, setting aside a 50% stake in its 200,000-acre lease position in various shale plays in Alabama for $75 million in cash and a carried drilling interest.

Calgary, AB-based Powder River Basin Gas Corp. (PRBG) said Wednesday it has purchased a 4,600-acre property in South Texas known as the McFadden Ranch in the East McFadden Field. Terms of the deal were not disclosed. Currently, East McFadden Field has three wells that are producing a total of 40 b/d of oil and 350 Mcf/d of natural gas. There are an additional 52 shut-in wells on this project. PRBG said it intends to rework all of these wells and install electronic submersible pumps, or ESP units, which are capable of moving an average of 3,000 bbl/d of fluid per well. The service work and ESP units are being supplied by Weatherford International, which has participated in PRBG’s research and due diligence on the project. The property’s total proved developed reserves are valued at 2.45 million bbl of oil and 2.5 Bcf of gas. McFadden Ranch also has 79 additional locations that have been identified for offset drilling on the project. The company said it plans to complete a new 3-D seismic survey on the project, which is close to the successful Goliad County project. “This is an exciting purchase for Powder River, as it brings our Texas holdings to close to 7,000 acres. McFadden Ranch is an excellent addition, as it is already producing and generating revenue while we rework the other 52 wells. In addition it provides a long-term drilling and marketing project to fulfill Powder River’s requirements over the next few years,” said PRBG CEO Brian Fox.

Following five years of study and analysis, including 14 public meetings, the Final Environmental Impact Statement (FEIS) has been issued for the 125,000-acre Northern San Juan Basin Coal Bed Methane Project in Colorado by the San Juan Public Lands Center, which is a combination of the Bureau of Land Management and the San Juan National Forest.

Following five years of study and analysis, including 14 public meetings, the Final Environmental Impact Statement (FEIS) has been issued for the 125,000-acre Northern San Juan Basin Coal Bed Methane Project in Colorado by the San Juan Public Lands Center, which is a combination of the Bureau of Land Management and the San Juan National Forest.

The Florida Public Service Commission (PSC) last Thursday granted Florida Power and Light’s (FP&L) request to construct two new 1,200 MW natural gas-fired generating units on a 220-acre site in western Palm Beach County. But the PSC gave the project a green light only after the utility agreed to new conservation and fuel diversity programs.

Continuing on its buying spree in the energy sector, Iowa-based MidAmerican Energy Holdings Co. announced Thursday that it has acquired the 8,500-acre M&M Ranch and associated mineral/water rights in Wyoming from Lake DeSmet Energy Co., II, L.C. The deal closed on Thursday, and the company would not reveal any terms or dollar value of the purchase.

The Bush administration’s proposal to hold a 2007 sale in a two-million-acre section of a natural gas-rich offshore area known as Lease Sale 181 is a step in the right direction, but it doesn’t go far enough, officials from six offshore groups said last week.