Certain

Chesapeake Energy Corp. has monetized a portion of its proved reserves and production from certain company-operated wells in Kentucky and West Virginia, the company said last Wednesday.

Chesapeake Energy Corp. has monetized a portion of its proved reserves and production from certain company-operated wells in Kentucky and West Virginia, the company said Wednesday.

Dejour Enterprises Ltd. of Vancouver, BC, signed a letter of intent to purchase certain proven producing and undeveloped reserves, approximately 2,100 acres of associated land, data and wells in Liberty County, TX, effective Aug. 1, 2007 for US$3.5 million cash with minor gas balancing adjustments, the company said. The purchase includes four wells; two wells currently producing gas with associated condensate in excess of 12 MMcf of natural gas combined, one new well currently being placed on line with similar pressures and one standing cased well; all drilled to approximately 12,000 feet. Working interests range from 11.38% to 15.9%. LaRoche Consultants of Dallas, on behalf of Dejour Energy USA Inc., a wholly owned subsidiary of Dejour, is providing independent engineering reports assigning NI 51-101 compliant gross proven reserves associated with this purchase of 9.3 Bcf and 130,000 bbl of condensate based on the New York Mercantile Exchange strip case. Production from this field is expected to be enhanced when the new well is placed on stream. Dejour anticipates additional wells to be drilled in the future. Dejour said it expects to close the transaction on or before Sept. 14, assuming no due diligence issues. The purchase will be funded from cash on hand.

Dejour Enterprises Ltd. of Vancouver, BC, signed a letter of intent to purchase certain proven producing and undeveloped reserves, approximately 2,100 acres of associated land, data and wells in Liberty County, TX, effective Aug. 1, 2007 for US$3.5 million cash with minor gas balancing adjustments, the company said Friday.

Maryland’s Critical Areas Commission earlier this month gave its stamp of approval to Baltimore County’s ban on liquefied natural gas (LNG) facilities in certain Chesapeake Bay coastal areas. At the same time, attorneys for a proposed LNG terminal and the county squared off in federal court over whether the prohibition conflicted with federal law.

Maryland’s Critical Areas Commission last week gave its stamp of approval to Baltimore County’s ban on liquefied natural gas (LNG) facilities in certain Chesapeake Bay coastal areas. At the same time, attorneys for a proposed LNG terminal and the county squared off in federal court over whether the prohibition conflicted with federal law.

DCP Midstream Partners LP completed the acquisition of certain natural gas gathering and compression assets in Oklahoma from Anadarko Petroleum Corp. for $180.3 million in cash, subject to customary adjustments (see Daily GPI, March 8).

Because it’s a peninsula with limited access to gas pipelines, Florida is subject to supply volatility that can drive up prices under certain conditions such as when hurricanes threaten the Gulf of Mexico. A Houston-based start-up company has plans to capture some of that volatility with a new $325 million liquefied natural gas (LNG) peak-shaving storage facility.

Because it’s a peninsula with limited access to gas pipelines, Florida is subject to supply volatility that can drive up prices under certain conditions such as when hurricanes threaten the Gulf of Mexico. A Houston-based start-up company has plans to capture some of that volatility with a new $325 million liquefied natural gas (LNG) peak-shaving storage facility.