Coming

Goodrich Petroleum Corp. Wednesday confirmed that a recently drilled well in the Tuscaloosa Marine Shale (TMS) of Louisiana and Mississippi had an initial flow rate exceeding 1,000 boe/d.

BP plc, still coming to terms with the devastating Macondo well blowout two years ago, said last week it would sell one Gulf of Mexico (GOM) field and stakes in four others.

The CEO of Pacific Gas and Electric Co. (PG&E) told financial analysts Wednesday that “closure” is coming for the fatal natural pipeline tragedy in San Bruno, CA, in September 2010, but before it is reached the combination utility will be subjected to more public scrutiny.

BP plc, still coming to terms with the devastating Macondo well blowout two years ago, said Tuesday it is selling one Gulf of Mexico (GOM) field and stakes in four others.

Consol Energy Inc. began its shift toward liquids in the first quarter, moving into the wet-gas portions of the Marcellus and Utica shales of southwestern Pennsylvania, West Virginia and Ohio.

Some of the growing gas supply coming out of the Marcellus Shale could find a home in gas-fired power plants in Georgia, Alabama and Tennessee thanks to a proposal from Spectra Energy Corp. to move gas from the booming shale play to markets southward.

The coming to prominence of natural gas and oil resource plays in the United States has reshaped the outlook for the country’s energy future and reconfigured the view for producers and capital markets as well, speakers at a Houston energy conference said last week.

The coming to prominence of natural gas and oil resource plays in the United States has reshaped the outlook for the country’s energy future and reconfigured the view for producers and capital markets as well, speakers at a Houston energy conference said.

Shocking details surrounding the surprise bankruptcy of securities firm giant MF Global Holdings Ltd. were coming to light last week after the company turned in its Chapter 11 papers Monday following an ill-timed bet on the European debt markets.