District

Onshore natural gas explorer CDX Gas LLC has filed for bankruptcy protection in U.S. Bankruptcy Court for the Southern District of Texas (No. 08-37922). The filing, which indicated the producer owes $500 million to $1 billion, would allow the Houston-based producer to restructure its finances and operations. Formed in 1991, CDX and its affiliated companies were acquired in March 2006 by investor group TCW and some co-investors. CDX operates across the United States in the Appalachian, Barnett, Arkoma, Black Warrior, Cahaba, Piceance, Uinta and San Juan basins. It extracts coalbed methane using its patented Z-Pinnate Horizontal Drilling and Completion System, which was developed for the Appalachian Basin operations.

Ten environmental groups have filed a lawsuit in U.S. District Court in Denver in a last-ditch effort to block new natural gas leasing on Colorado’s Roan Plateau until federal officials evaluate alternative ways to develop the region’s energy resources.

Ten environmental groups filed a lawsuit in U.S. District Court in Denver Friday in a last-ditch effort to block new natural gas leasing on Colorado’s Roan Plateau until federal officials evaluate alternative ways to develop the region’s energy resources.

NorthWestern Energy Corp., the South Dakota-based energy holding company, announced last Thursday that the U.S. Bankruptcy Court for the District of Delaware has approved its settlement with Magten Asset Management, Law Debenture Trust Company of New York and holders of quarterly income preferred securities, marking the end of the last major disputed claim in its 2003 Chapter 11 proceedding.

North Baja Pipeline and Coral Energy Resources LP separately have asked FERC to deny the South Coast Air Quality Management District’s request for a limited stay of the agency’s order approving a proposed expansion of North Baja’s system to import regasified liquefied natural gas (LNG).

North Baja Pipeline and Coral Energy Resources LP separately have asked FERC to deny the South Coast Air Quality Management District’s request for a limited stay of the agency’s order approving a proposed expansion of North Baja’s system to import regasified liquefied natural gas (LNG).

The U.S. Bankruptcy Court, Southern District of New York, Thursday rejected a request by Rosetta Resources Inc. to dismiss Calpine Corp.’s allegations of fraud by the oil and gas producer. Calpine made the charges as part of its ongoing Chapter 11 bankruptcy proceeding. A trial is now expected in December.

The U.S. Bankruptcy Court for the Southern District of New York last Tuesday approved a partial settlement between independent oil and natural gas producer Rosetta Resources Inc. and Chapter 11-bound Calpine Corp. On the same day, Rosetta asked the court to dismiss Calpine’s unsettled allegations of fraudulent actions by the producer.

Rosetta Resources Inc. asked the U.S. Bankruptcy Court, Southern District of New York, Tuesday to dismiss unsettled allegations of fraudulent actions by the oil/gas producer made by Chapter 11-bound power plant operator Calpine Corp., which at one time owned Rosetta’s principal North American oil/gas reserves. Rosetta argued that the Calpine claims are barred as a matter of law by the expected full payment of Calpine’s creditors under the company’s proposed reorganization plan.