Anticipated

Houston-based Rosetta Resources Inc. grew net income and revenues during the second quarter, thanks to more production that was more heavily weighted to liquids. Where one goes to get that in Texas — as everyone knows — is the Eagle Ford Shale. As it continues to develop its core Gates Ranch area there, Rosetta is stepping out as well.

Houston-based Rosetta Resources Inc. grew net income and revenues during the second quarter, thanks to more production that was more heavily weighted to liquids. Where one goes to get that in Texas — as everyone knows — is the Eagle Ford Shale. As it continues to develop its core Gates Ranch area there, Rosetta is stepping out as well.

Monster U.S. oil supply growth will force domestic producers to curtail onshore activity in the upcoming weeks but it won’t be soon enough for 2013 oil prices, which likely will be “uglier than expected,” Raymond James & Associates Inc. analysts said Monday.

Ohio’s laws addressing old leases and conservation issues could pose some unique challenges to proponents of energy development in the state’s portions of the Marcellus and Utica shales, two attorneys with the law firm Steptoe & Johnson LLP said during a presentation Wednesday.

If expected growth and diversity in fueling infrastructure and vehicles develops as anticipated, natural gas vehicles (NGV) could become 1 Bcf/d of added demand in the U.S. gas market, according to an analysis released Monday by Raymond James & Associates Inc.

The U.S. shale gas boom has put pressure on the natural gas industry nationally to upgrade and build new pipeline capacity to service what are anticipated to be growing markets for gas-fired electric generation and use of gas as a transportation fuel, the CEO at Pacific Gas and Electric Co. (PG&E) Tony Earley said Monday in advance of the PG&E annual shareholders meeting in San Francisco.

Texas natural gas producers are suing the City of Arlington, TX, to stop a recently enacted $2,400 per well annual fee on operators. The fee’s anticipated $781,450 annual revenue would fund the city’s “Natural Gas Well Preparedness and Response Plan,” which was adopted in March.

Magnum Hunter Resources Corp. unit Bakken Hunter LLC has agreed to acquire Williston Basin properties from an affiliate of Baytex Energy Corp. for $311 million in cash. The company also said Wednesday it is trimming spending in Appalachia because of low natural gas prices.

The Commodity Futures Trading Commission (CFTC) is scheduled Wednesday to consider the much-anticipated final rule defining “swap dealers” (SDs) and “major swap participants” (MSPs), as well as other market entities. The rule, the result of probably the most contentious rulemaking proceeding at the agency, will lay the groundwork for the CFTC to proceed with other regulatory reforms under the Dodd-Frank Wall Street Reform Act.