Average

Atlas Energy Inc. and India’s Reliance Industries Ltd. said Wednesday they will buy another 42,344 acres in the Pennsylvania portion of the Marcellus Shale for an average purchase price of $4,532/acre, or around $191.9 million.

Atlas Energy Inc. and India’s Reliance Industries Ltd. said Wednesday they will buy another 42,344 acres in the Pennsylvania portion of the Marcellus Shale for an average purchase price of $4,532/acre, or around $191.9 million.

Natural gas bulls shouldn’t anticipate higher prices going into 2011. They could, in fact, see even lower average prices than this year, Barclays Capital analysts said in a note to clients Tuesday.

Natural gas bulls shouldn’t anticipate higher prices going into 2011. They could, in fact, see even lower average prices than this year, Barclays Capital analysts said in a note to clients Tuesday.

Sempra Energy expects annual capital expenditures and investments to average approximately $2.9 billion through 2014, up from about $2.4 billion annually during the previous five years, CEO Donald E. Felsinger said Thursday.

Sempra Energy expects annual capital expenditures and investments to average approximately $2.9 billion through 2014, up from about $2.4 billion annually during the previous five years, CEO Donald E. Felsinger said Thursday.

Bank of America Merrill Lynch analysts cut their 2010 U.S. gas price forecast to an average of $5/MMBtu from $6 on the expectation of rising production from shale plays, which might only be thwarted by even lower prices still, they said.

Bank of America Merrill Lynch analysts cut their 2010 U.S. gas price forecast to an average of $5/MMBtu from $6 on the expectation of rising production from shale plays, which might only be thwarted by even lower prices still, they said.

Bank of America Merrill Lynch analysts cut their 2010 U.S. gas price forecast to an average of $5/MMBtu from $6 on the expectation of rising production from shale plays, which might only be thwarted by even lower prices still, they said.