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Gulf of Mexico operator McMoRan Exploration Co. on Friday reported a big loss in the final three months of 2012 because of impairments and a sharp revenue decrease related in part to its gassy shallow-water operations.

Gasco Energy Inc. will submit a plan of compliance next month to NYSE MKT to address how it intends to right its financial ship and avoid being delisted by the exchange, the Denver-based company said Wednesday.

U.S. hydraulic fracturing (fracking) capacity utilization has fallen by almost one-third since January, and all of the major domestic plays are in a “negative frack pricing environment,” according to PacWest Consulting Partners.

With production out of the nation’s shale plays holding down natural gas prices and electricity generation becoming ever more dependent on inexpensive gas, coordination between the two markets will continue to be a top priority and a series of other issues need to be resolved, according to panelists at the Energy Bar Association (EBA) Mid-Year conference in Washington, DC, Friday.

Warren Resources Inc. Monday said it closed on its previously announced deal to acquire additional natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp. in the Atlantic Rim Project area in Wyoming’s Washakie Basin.

Eagle Ford Oil & Gas Corp. has been watching the producer activity around its more than 3,600 acres in Frio County, TX, and is working to raise capital by the end of the year to start drilling some wells of its own, the company said Wednesday.

A nonpartisan policy research group in Pennsylvania asserts that the state could have collected almost twice the revenue it has received in impact fees on Marcellus Shale natural gas drilling if it had implemented a severance tax instead.

Beefing up its Atlantic Rim Project area acreage in the Washakie Basin of Wyoming, which includes shallower coalbed methane (CBM) targets and the Niobrara Shale below, Warren Resources Inc. is exercising its preferential rights to acquire additional oil, natural gas and midstream assets from subsidiaries of Anadarko Petroleum Corp for approximately $21 million.

FERC has approved almost two more months for the public to comment in Oregon on the proposed Jordan Cove liquefied natural gas (LNG) import-export facility and connecting transmission pipeline, which would be sited along the south-central coast at Coos Bay.