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Winter Canadian natural gas exports leapt 15% as producers and marketers jumped to take advantage of heating season by paring down surpluses in storage, according to the latest trade data collected by the National Energy Board (NEB).

Winter Canadian natural gas exports leapt 15% as producers and marketers jumped to take advantage of heating season by paring down surpluses in storage, according to the latest trade data collected by the National Energy Board (NEB).

Taking advantage of high commodity prices to bulk up its proved oil and natural gas reserves, Plains Exploration & Production Co. (PXP) has entered into an agreement to acquire 106 Bcfe of proved reserves and 70 Bcfe of unproved resource potential in South Texas from a private company for $335 million.

Taking advantage of high commodity prices to bulk up its proved oil and natural gas reserves, Plains Exploration & Production Co. (PXP) has entered into an agreement to acquire 106 Bcfe of proved reserves and 70 Bcfe of unproved resource potential in South Texas from a private company for $335 million.

To take advantage of the burgeoning natural gas volumes flowing from Colorado, El Paso Pipeline Partners LP plans to expand its Wyoming Interstate Co. (WIC) Piceance Basin lateral pipe, and additional capacity may be available by late next year.

To take advantage of falling service costs and the expectation of higher natural gas prices, Calgary-based junior Compton Petroleum Corp. has set a course to triple its gas-directed drilling in the Western Canadian Sedimentary Basin for the rest of the year.

To take advantage of falling service costs and the expectation of higher natural gas prices, Calgary-based junior Compton Petroleum Corp. has set a course to triple its gas-directed drilling in the Western Canadian Sedimentary Basin for the rest of the year.

Wednesday’s futures increase of nearly a quarter, extending a rally into its fourth day, was the main ingredient in the recipe for rising prices at almost all points Thursday, but a dash of heating load in parts of the northern market areas along with a pinch of remaining cooling load from the western end of the South though the desert Southwest also were part of the mix.

Despite a continuing downward trend the past eight months, natural gas prices will be heading back up, and customers are urged to take advantage of various utility energy efficiency programs, Sempra Energy’s Southern California Gas Co. said in a prepared announcement for customers released Monday. Customers now “benefiting from significantly lower natural gas prices,” can save even more if they kick in some energy-savings programs, the nation’s largest gas utility said.