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Natural gas production in the Lower 48 and Other States categories was up in February compared with January and February 2012, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.

Natural gas production in the Lower 48 and Other States categories was up in February compared with January and February 2012, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.

Natural gas production in the Lower 48 and Other States categories, which include some of the nation’s most prolific shale plays, was up in February compared with January and with February 2012, according to the Energy Information Administration’s (EIA) Monthly Natural Gas Gross Production Report.

The nation last year set new records in a variety of categories for natural gas, including gross withdrawals, number of producing wells, domestic consumption, exports, and dry, marketed and onshore production, according to the U.S. Energy Information Administration (EIA).

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With its purchase of Tom Brown last year, EnCana Corp.’s financial and performance results moved up in a number of categories as most analysts expected. The company posted a 12% increase in cash flow for the year, a 41% increase in operating earnings to US$1.98 billion — excluding the after-tax impacts of a $1.4 billion gain on the sale of UK North Sea assets and other one-time impacts — and a 49% increase in net earnings to $3.5 billion, or $7.51/share diluted.

With its purchase of Tom Brown last year, EnCana Corp.’s financial and performance results moved up in a number of categories as most analysts expected. The company posted a 12% increase in cash flow for the year, a 41% increase in operating earnings to US$1.98 billion — excluding the after-tax impacts of a $1.4 billion gain on the sale of UK North Sea assets and other one-time impacts — and a 49% increase in net earnings to $3.5 billion, or $7.51/share diluted.

Despite reporting record high second quarter oil and gas production and revenues, Oklahoma City-based Devon Energy Corp. said that lower oil and natural gas prices caused net earnings to fall below year-ago levels. In addition, “sharply lower” gas prices in Canada also resulted in a non-cash full cost ceiling adjustment of $371 million, net of an income tax benefit.

With a few minor changes, FERC has approved Natural Gas PipelineCo.’s (NGPL) proposal to establish procedures to reserve certaincategories of existing capacity for future expansions andextensions.