Conducted

The federal government should receive more than $1 billion in revenue as a result of a royalty-in-kind (RIK) sale of natural gas conducted earlier this month, according to Interior Department’s Minerals Management Service (MMS).

FERC last Tuesday denied a complaint in which Pepco Energy Services Inc. (PES) alleged that a November capacity auction conducted by Columbia Gas Transmission was flawed and ultimately led to the rejection of valid bids made by Pepco and capacity being awarded to another shipper.

FERC has denied a complaint in which Pepco Energy Services Inc. (PES) alleged that a November capacity auction conducted by Columbia Gas Transmission was flawed and ultimately led to the rejection of valid bids made by Pepco and capacity being awarded to another shipper.

More than 114 Bcf of natural gas was sold to 10 energy companies in the latest royalty-in-kind (RIK) sale conducted by the Interior Department’s Minerals Management Services (MMS), the agency said last Monday.

More than 114 Bcf of natural gas was sold to 10 energy companies in the latest royalty-in-kind (RIK) sale conducted by the Interior Department’s Minerals Management Services (MMS), the agency said Monday.

Since the Enron debacle and the collapse of the energy merchant sector, the face of natural gas marketing in the U.S. has changed along with the way business is conducted, according to a panel of speakers at GasMart 2006 in Denver.

Based on self-evaluations conducted each year, the Department of Energy’s Energy Information Administration (EIA) has found that it has done “fairly well” when projecting production and consumption of natural gas, but that it has done “fairly poorly” when forecasting gas prices, an EIA analyst told a House subcommittee Thursday.

Based on self-evaluations conducted each year, the Department of Energy’s Energy Information Administration (EIA) has found that it has done “fairly well” when projecting production and consumption of natural gas, but that it has done “fairly poorly” when forecasting gas prices, an EIA analyst told a House subcommittee Thursday.

A new study conducted by the U.S. Environmental Protection Agency (EPA) has found that claims by environmentalist groups that technology used to extract natural gas from coalbed methane (CBM) wells could contaminate groundwater in the West are “completely unfounded.”