Decreases

Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d)… read more

Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d)… read more

Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d), according to NGI’s 4Q2012 Top North American Gas Marketers Ranking. The full-year 2012 total for participating companies was virtually unchanged from 2011.

A nonpartisan policy research group in Pennsylvania asserts that the state could have collected almost twice the revenue it has received in impact fees on Marcellus Shale natural gas drilling if it had implemented a severance tax instead.

When Gov. Tom Corbett approved Act 13 last month, he gave county officials across the state 60 days to impose an annual fee on unconventional gas wells, or to opt-out. With five weeks until the April 14 deadline, almost all of the eligible counties are on the road toward imposing the fee, but the biggest potential hold-out also happens to be the most active county in the Marcellus Shale (see Shale Daily, Feb. 15).

Idaho regulators are anticipating making further decreases in the retail charges for natural gas in the state as they currently circulate for public comments a filing by Intermountain Gas Co. to cut retail charges by 5.3%, effective Oct. 1.

Idaho regulators are anticipating making further decreases in the retail charges for natural gas in the state as they currently circulate for public comments a filing by Intermountain Gas Co. to cut retail charges by 5.3%, effective Oct. 1.

U.S. natural gas and oil reserves ended 2010 with the strongest combined annual growth in five years, according to the fourth annual benchmark study by Ernst & Young LLP.

While it continues to deal with the fallout of the Macondo well blowout in the Gulf of Mexico (GOM) last April and it reported decreases in both quarterly and annual physical sales of natural gas, BP plc remains firmly atop both NGI’s 4Q2010 Top North American Gas Marketers Ranking and NGI’s Full-Year 2010 Top North American Gas Marketers Ranking.