Begun

London-based BP plc reached a operational “turning point” in October and has begun to invest for the long term, CEO Bob Dudley told investors last week.

BP plc reached a “turning point” in its operations in October and has begun to invest for the long term, CEO Bob Dudley told investors on Tuesday.

Executives at U.S. Steel Corp. said last week the company has begun to lock in natural gas prices for the year and predicted that demand for the company’s steel tubes, which are used for oil and natural gas drilling, will remain strong in the first quarter.

Frisco, TX-based Comstock Resources Inc. has joined the ranks of producers that are pulling back from natural gas drilling to direct more resources to oil.

CenterPoint Energy Field Services LLC (CEFS) has begun assessing routing for a proposed gas gathering and processing system in the Mississippi Lime of north-central Oklahoma and south-central Kansas.

The Department of Energy’s (DOE) Energy Information Administration (EIA) Monday cut its estimate of the U.S. shale gas resource base almost in half, based on a dramatic drop in Marcellus Shale estimates.

Natural gas produced from Marcellus Shale wells owned by Shell Upstream America and Ultra Petroleum Corp. has begun flowing through a UGI Central Penn Gas Inc. supply pipeline that feeds some 15,000 customers in Tioga, Bradford and Potter counties in Pennsylvania, according to the UGI Utilities Inc. subsidiary.

Cheniere Energy Inc., which has been developing domestic gas liquefaction and export capability on the Gulf Coast in Louisiana, said Friday it is seeking to do the same in Corpus Christi, TX, with a facility that would be primarily supplied with gas from the Eagle Ford Shale in South Texas.

Heckmann Corp. has begun transporting fresh water to hydraulic fracturing (fracking) customers in the Haynesville Shale through a partially completed pipeline. When the system is completed, it will be the largest fresh water pipeline in the Haynesville area, the company said.