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Land that Anadarko Petroleum Corp. has long controlled in northern Colorado in the Wattenberg Field holds a huge liquids-rich resource potential of 500 million to 1.5 billion boe net, executives disclosed this week. Separately, Noble Energy Inc., which controls 400,000 net acres in the play, said Tuesday it has identified 1.3 billion boe of net risked resources with the potential for even more.

Calling it a fresh look, the federal Bureau of Land Management (BLM) announced Wednesday a new multi-state environmental impact review on oil shale and tar sand plans in Colorado, Utah and Wyoming. This could eventually impact the allocation of shale and tar sands resources.

Passing the jobs package with a major natural gas component by the end of the year would be a “home run” for the entire Congress, said Rep. Dan Boren (D-OK), co-chair of the House Natural Gas Caucus, last Thursday.

Passing the jobs package with a major natural gas component by the end of the year would be a “home run” for the entire Congress, said Rep. Dan Boren (D-OK), co-chair of the House Natural Gas Caucus.

Halliburton is anticipating a “structural shift” in the U.S. land market as unconventional resources become a more prominent component of the production profile, according to CEO Dave Lesar.

Halliburton is anticipating a “structural shift” in the U.S. land market as unconventional resources become a more prominent component of the production profile, CEO Dave Lesar said Friday.

Louisville Gas and Electric Co. (LG&E) filed with the Kentucky Public Service Commission to decrease the gas supply clause (GSC) component of its retail rates for consumption Feb. 1 toApril 30, 2007. The newly filed GSC factor of 65.666 cents per 100 cubic feet is a reduction of 11.082 cents from the current rate of 76.748 cents. By comparison, the rate for Feb. 1, 2006 was 127.454 cents.

Chevron Corp. raised its 2007 capital and exploratory budget by 20%, with a “significant component” of the money directed toward deepwater Gulf of Mexico (GOM) projects. The $19.6 billion budget, up from $16 billion in 2006, includes about $4 billion for U.S. upstream projects. Another $1.6 billion will be spent on U.S. downstream projects.

Adding another significant supply component to its proposed 1,350-mile Rockies Express pipeline system, Kinder Morgan Energy Partners LP and Sempra Pipelines & Storage signed a new binding memorandum of understanding to lease 1.5 Bcf/d of capacity on Questar Corp.’s Overthrust Pipeline system in Wyoming to fill in the western end of the line. The deal came as FERC granted a request by Rockies Express sponsors to initiate the National Environmental Policy Act (NEPA) pre-filing process for the first segment of the project.