Done

Some of the biggest natural gas producers in North America are doing what needs to be done to cope with low commodity prices and tight credit markets. Anadarko Petroleum Corp. has dropped around 30% of its U.S. onshore rigs since the end of 2008, the company said last week. And XTO Energy Inc. is slicing $1 billion from its capital expenditures (capex) for 2009.

Four of Falcon Gas Storage Co.’s founders believe there’s more to be done to give natural gas a temporary home in a world of growing unconventional production, unpredictable liquefied natural gas (LNG) flows and demand fluctuations among power generators.

Four of Falcon Gas Storage Co.’s founders believe there’s more to be done to give natural gas a temporary home in a world of growing unconventional production, unpredictable liquefied natural gas (LNG) flows and demand fluctuations among power generators.

Former Vice President Al Gore last week challenged the nation to produce all of its electricity through renewable resources within 10 years, a goal that he said the next president should embrace. His announcement followed a call by the U.S. Chamber of Commerce, which urged the next president and Congress to set a strategic long-term energy policy for the United States.

Marginalizing the bearish damage done on Thursday, traders — after bouncing off of support just below $11.500 in the overnight session — pushed natural gas futures 22.9 cents higher on Friday to close at $11.703. The week, which saw June futures expire at $11.916 on Wednesday, also saw the July contract close 27.8 cents lower than the previous Friday’s finish.

The Barnett Shale in North Texas has done a lot more than build natural gas reserves — it has spurred the Dallas/Fort Worth area of Texas to the largest population increase of any metropolitan area in the nation, according to a study.

The Barnett Shale in North Texas has done a lot more than build natural gas reserves — it has spurred the Dallas/Fort Worth area of Texas to the largest population increase of any metropolitan area in the nation, according to a study.

ExxonMobil Corp. has done what every energy company hoped to do last year: replace more than 100% of its oil and natural production.

Rocky Mountains points tanked to averages of about a dollar or less Monday. ICE said a CIG deal was done on its electronic on-line system at 15 cents, which would tie NGI’s all-time record for lowest price; however, the lowest Rockies prices Monday that could be confirmed by the NGI price table were 30 cents at Cheyenne Hub and Questar.