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Magnum Hunter Resources said last week that it paid $40 million to an unnamed private company for 53 Bcfe of proved reserves (59% natural gas and 69% proved undeveloped) and 100 proved undeveloped locations in the Canyon, Clearfork, Spraberry and Wolfcamp formations of the Permian Basin of West Texas from a privately held company.

Following through on previously announced divestiture plans, EnCana Corp. announced the sale of 66 Bcfe of conventional natural gas reserves in northeastern Alberta for US$219 million (C$292 million). The properties currently produce about 7,250 boe/d after royalties (9,400 boe/d before royalties). The Calgary-based buyer was not disclosed.

Following through on previously announced divestiture plans, EnCana Corp. announced the sale of 66 Bcfe of conventional natural gas reserves in northeastern Alberta for US$219 million (C$292 million). The properties currently produce about 7,250 boe/d after royalties (9,400 boe/d before royalties). The Calgary-based buyer was not disclosed.

In its largest property purchase to date, Alabama utility and E&P company Energen Corp. said last week that it is buying about 250 Bcfe of proved San Juan Basin coalbed methane reserves for $273 million from an unnamed private company.

In its largest property purchase to date, Alabama utility and E&P company Energen Corp. said Monday it is buying about 250 Bcfe of proved San Juan Basin coalbed methane reserves for $273 million from an unnamed private company.

Coming at a difficult time for the energy markets, which are seeing high, and in some cases record breaking commodity prices, Shell said last Tuesday that it expects its Mars tension leg platform (TLP) in the Gulf of Mexico to be down for another two to three weeks.

Coming at a difficult time for the energy markets, which are seeing high, and in some cases record breaking commodity prices, Shell said Tuesday that it expects its Mars tension leg platform (TLP) in the Gulf of Mexico to be down for another two to three weeks.

A federal judge in Houston Thursday postponed setting a trial date for Enron Corp.’s ex-CEO Jeffrey Skilling and Rick Causey, former chief accounting officer, after lawyers cited questions about the massive amount of documentation in the case.

Nearly six months to the date it received a certificate, Williston Basin Interstate Pipeline Co. received FERC clearance last week to put into service the much-anticipated Grasslands Pipeline. The 253-mile pipe opens up a new route for producers to transport Powder River Basin coalbed methane gas and Rocky Mountain conventional supplies to markets in the Midwest and Midcontinent.