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San Diego, CA-based Osage Exploration and Development Inc. reported Monday that it has spudded its fourth horizontal oil well in the Mississippian Lime formation and the rock quality appears promising. The well — the McPhail #2-18H in section 18-18N-3W of Logan County, OK –. is in the 30,000-plus acre Nemaha Ridge project, which is owned by Osage in conjunction with its partners, project operator Slawson Exploration Co. and U.S. Energy Development Corp.

By 2020 exploration and development across the Marcellus Shale could generate more than $6 billion in federal, state and local tax revenue and employ up to 300,000 people across the region, according to Chevron Corp. CEO John Watson.

A coalition of 69 environmental groups has urged President Obama to “employ any legal means” to halt hydraulic fracturing (fracking) and suggested a federal moratorium until further environmental studies of the practice are completed.

A coalition of 69 environmental groups has urged President Obama to “employ any legal means” to halt hydraulic fracturing (fracking) and suggested a federal moratorium until further environmental studies of the practice are completed.

Australia’s BHP Billiton Ltd. has offered to buy shale patch pioneer Petrohawk Energy Corp. for $12.1 billion in a deal that would more than double unit BHP Billiton Petroleum’s resource base and grow proved reserves by about 30%, it said. Petrohawk shares took flight on the news as investors also delivered uplift to a flock of the company’s peers.

The state of Alaska said it will employ laser profiling as part of a major aerial survey of proposed routes for potential pipelines that would carry North Slope gas supplies to in-state and/or Lower 48 markets.

Sempra Energy’s Southern California Gas Co. (SoCalGas) unit intends to employ its new 45.5-mile pipeline in the high desert northeast of the Los Angeles Basin to meet the growing energy demand from the expanding town of Twenty-Nine Palms, CA, and its nearby U.S. Marine Training Base. SoCalGas will not integrate the pipeline into its larger backbone transmission pipeline system, a spokesperson told NGI.

Sempra Energy’s Southern California Gas Co. (SoCalGas) unit intends to employ its new 45.5-mile pipeline in the high desert northeast of the Los Angeles Basin to meet the growing energy demand from the expanding town of Twenty-Nine Palms, CA, and its nearby U.S. Marine Training Base. SoCalGas will not integrate the pipeline into its larger backbone transmission pipeline system, a spokesperson told NGI.

Energy giant Duke Energy Corp. announced Monday that it has entered into a definitive agreement to acquire Cincinnati, OH-based Cinergy Corp. for $9 billion in stock, creating a formidable utility company with 5.4 million natural gas and electric customers. Company officials also hinted the future might see Duke splitting off its natural gas assets and going forward as a pure electric play.