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Carrizo Oil & Gas Inc. announced Monday that it had closed on the sale of a majority of its leasehold in the northern Utica Shale to an undisclosed buyer for $43 million in cash.

FERC has to conduct a “vigorous and exhaustive” needs analysis for the proposed Constitution Pipeline before it allows the Marcellus-to-New York natural gas project to go forth, said an environmental law practice representing the grassroots coalition “Stop the Pipeline (STP).”

FERC has to conduct a “vigorous and exhaustive” needs analysis for the proposed Constitution Pipeline before it allows the Marcellus-to-New York natural gas project to go forth, said an environmental law practice representing the grassroots coalition “Stop the Pipeline (STP).”

The North America oilfield services market “eroded more than we thought” in 3Q2012, and the spending decline may not turn around before next year, according to the research team at Tudor, Pickering, Holt & Co. (TPH).

The North America oilfield services market “eroded more than we thought” in 3Q2012, and the spending decline may not turn around before next year, according to the research team at Tudor, Pickering, Holt & Co. (TPH).

A Maryland circuit court judge listened to lawyers for Dominion Resources Inc. and two environmental groups on Monday, the opening salvo in lawsuit over a proposed natural gas liquefaction facility, but ultimately decided to take the case under advisement.

Joining the race to transition a fair amount of swaps and over the counter (OTC) business to a cleared futures model before more rules under the Dodd-Frank Wall Street Reform Act take hold in the coming months, CME Group last week launched a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and OTC energy markets.

The Pennsylvania Public Utility Commission (PUC) is warning Pittsburgh officials that several portions of the city’s drilling ordinance are incompatible with Act 13, the state’s omnibus Marcellus Shale law.

Enterprise Products Partners LP has started operation of the second 300 MMcf/d train at its Yoakum cryogenic gas processing plant in Lavaca County, TX. The facility handles production from the Eagle Ford Shale in South Texas.