Contributions

Activity in the Delaware Basin of West Texas-southeastern New Mexico — specifically the Avalon and Wolfcamp shales and Bone Spring formation — has heated up enough for Nuevo Midstream LLC to take its gas processing plant near Orla, TX, out of mothballs.

Last Thursday — the 59th day of the continuing Macondo well disaster in the Gulf of Mexico — BP plc CEO Tony Hayward took a tongue lashing from House lawmakers during a subcommittee hearing that shed little if any light on what caused the nation’s worst environmental catastrophe. Not long after, BP was blasted by well partner Anadarko Petroleum Corp.

Despite the impact of “unfavorable weather” on its regulated electric utility operations, higher contributions from that segment, the gas transmission segment and the unregulated retail energy marketing segment helped catapult Dominion’s 3Q2009 earnings 17% above the year-ago quarter.

Despite the impact of “unfavorable weather” on its regulated electric utility operations, higher contributions from that segment, the gas transmission segment and the unregulated retail energy marketing segment helped catapult Dominion’s 3Q2009 earnings 17% above the year-ago quarter.

Due in part to the contributions of shale gas and coalbed methane (CBM) resources, the United States saw a record-high addition to dry natural gas proved reserves of 46.1 Tcf in 2007, more than double the 19.5 Tcf of natural gas that was actually produced during the year, according to a new report issued by the Energy Information Administration (EIA).

Due in part to the contributions of shale gas and coalbed methane (CBM) resources, the United States saw a record-high addition to dry natural gas proved reserves of 46.1 Tcf in 2007, more than double the 19.5 Tcf of natural gas that was actually produced during the year, according to a new report issued by the Energy Information Administration (EIA).

Tulsa-based independent Vintage Petroleum Inc. said Monday it internally increased its oil and natural gas production in 2004 and achieved a 5% increase in aggregate contributions from all of its producing areas. It also estimated year-end proved reserves at 437.2 million boe, with 2004 output from continuing operations of 24.5 million boe.

Driven by continued strong contributions from both its natural gas and electricity businesses, KeySpan Corp. predicted last week that 2005 earnings will range between $2.30-2.40/share, an increase, excluding special items, of 4-5% over this year’s projected core earnings.

Driven by continued strong contributions from both its natural gas and electricity businesses, KeySpan Corp. predicted Monday that 2005 earnings will range between $2.30-2.40/share, an increase, excluding special items, of 4-5% over this year’s projected core earnings.