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Proposed new permitting and drilling rules under consideration in Colorado would cause a production slowdown that could increase the average wellhead price in the state between 13 and 41 cents/Mcf, costing in-state consumers up to $1.7 billion over the next 10 years and consumers across the United States up to $32 billion, according to a study by ICF International.

Estimates of the recoverable natural gas resources in British Columbia’s Horn River Basin now appear to average around 37 Tcf, which would be comparable in size to the gas reserves of Alaska’s North Slope, a preliminary analysis by Wood Mackenzie suggests.

EOG Resources Inc. has retained Meagher Oil & Gas Properties Inc. to sell operated producing properties in Oklahoma’s Lincoln and Oklahoma counties. The package includes an average 99% working interest (80% net revenue interest) in 6,442 net acres in 30 sections of which 2,463 acres are producing. The assets include 19 wells within a six-mile radius producing high-Btu gas from the Pen and Cleveland sands, EOG said. Production is 954 Mcf/d , with 2.5 b/d of oil net projected for June. Estimated net cash flow for June is $270,000. A salt water disposal well and water lines are in place. Upside, said EOG, includes one additional Peru location identified and two Hunton/Oswego extensional locations. The bid due date is May 22; the effective date is June 1. Closing is expected by June 27. Contact Jacque Semple at (918) 481-5900, extension 221.

Supportive crude prices, no update on the Independence Hub repairs and the first year-on-five-year average storage deficit in almost four years continued to push natural gas futures higher in Tuesday’s trade, but not high enough to break out of the recent trading range. After recording the day’s high of $10.280 in morning trade, May natural gas futures put in a low of $10.165 before closing out Tuesday’s regular session at $10.205, up 15.2 cents from Monday’s close.

Warmer ocean waters could mean fewer Atlantic hurricanes striking the United States, according to new findings by climate scientists at the National Oceanic and Atmospheric Administration (NOAA).

Enron Corp. shareholders could see a record payout from the failed energy trader, with average payouts of $6.79/share for common stock and $168.50/share for preferred stock, under a court agreement that would settle a 2001 class action lawsuit. The settlement is expected to be finalized in a Houston courtroom in February.

Enron Corp. shareholders could see a record payout from the failed energy trader, according to court documents. Average payouts are expected to be $6.79/share for common stock and $168.50/share for preferred stock in an agreement to settle a 2001 class action lawsuit that is expected to be finalized in February.

Annual energy demand growth worldwide is expected to average 1.3% per year from 2005 to 2030, and global energy demand is expected to be one-third higher compared to today, ExxonMobil said Monday in its annual outlook report. Global energy demand over the next 20 years will come from continued economic progress, population growth and the pursuit of improved living standards in the developing world, the oil major said.

The average full-cycle cost of new gas supply in Western Canada has more than doubled since 2000 to C$7.90/Mcf including a return on producers’ investment, significantly higher than the C$6.25/Mcf received by producers at the Alberta Gas Plant Gate during the first three quarters of 2007, according to Calgary-based Ziff Energy Group.