Announcing

With overwhelming support from the energy industry, FERC and the Department of Energy’s Energy Information Administration (EIA), the Securities and Exchange Commission (SEC) may be close to announcing a major overhaul of oil and natural gas reserves accounting rules.

With overwhelming support from the energy industry, FERC and the Department of Energy’s Energy Information Administration (EIA), the Securities and Exchange Commission (SEC) may be close to announcing a major overhaul of oil and natural gas reserves accounting rules.

MRT cited forecasts of warm weather in announcing Friday that a System Protection Warning (SPW) would be in effect Sunday and Monday. See the bulletin board for its conditions. MRT lifted Friday a previous SPW that had been issued due to cold weather in its service area.

The Canadian government has taken steps to protect and conserve Canada’s north by announcing the withdrawal of more than 10 million hectares (27 million acres) of land from development in the Northwest Territories (NWT). The conservation initiative, one of the largest in the country’s history, will protect an area that extends from near the East Arm of Great Slave Lake and around the Ramparts River and Wetlands.

XTO Energy Inc. built its position in the Barnett Shale of Texas Tuesday by announcing it paid $550 million to acquire 24,000 net acres from several undisclosed parties. Initially the properties, with estimated proved reserves of more than 200 Bcfe, will add about 25 MMcfe/d to XTO’s production base, but company engineers have identified another 300-350 drilling locations, which offer the potential to more than double the holdings’ reserves.

Natural gas-directed Petrohawk Energy Corp. made it a triple play last week, announcing it is selling its extensive Gulf Coast division, increasing its stake in the Fayetteville Shale and in North Louisiana, and forming a master limited partnership (MLP) to initially hold some of its mature domestic assets.

Natural gas-directed Petrohawk Energy Corp. made it a triple play Monday, announcing it is selling its extensive Gulf Coast division, increasing its stake in the Fayetteville Shale and in North Louisiana, and forming a master limited partnership (MLP) to initially hold some of its mature domestic assets.

Pogo Producing Co. confirmed last week that it is still exploring the possible sale or merger of the company after announcing the sale of Canadian subsidiary Northrock Resources Ltd. for $2 billion in cash to Abu Dhabi National Energy Co. (TAQA).

Pogo Producing Co. confirmed Tuesday that it is exploring the possible sale or merger of the company after announcing the sale of Canadian subsidiary Northrock Resources Ltd. for $2 billion in cash to Abu Dhabi National Energy Co. (TAQA).