Entirely

A hearing in a federal district court in Mexico Tuesday will clarify but not entirely resolve the bitter legal dispute involving Sempra Energy’s liquefied natural gas (LNG) facility along the North Baja California Pacific Coast and a would-be landowner seeking 250 acres adjacent to the site. It will take a second Mexican court proceeding July 28 to begin to clear the air, but that outcome could be appealed.

The latest natural gas production data due out April 30 from the Energy Information Administration (EIA) will use an entirely new methodology based on more recent historical data designed to better capture the current market. EIA’s announcement of February 2010 production estimates will include recalculations for all of 2009 using the new methodology, which the agency published Monday.

The latest natural gas production data due out April 30 from the Energy Information Administration (EIA) will use an entirely new methodology based on more recent historical data designed to better capture the current market. EIA’s announcement of February 2010 production estimates will include recalculations for all of 2009 using the new methodology, which the agency published Monday.

Based almost entirely on the previous day’s futures spike of 42.7 cents — certainly not on a continuation of meek weather-based demand — prices rebounded at nearly all points Friday by double-digit amounts.

The total U.S. land rig count for oil and gas bottomed at 901 working rigs on May 29, but 112 rigs have since gone back to work, driven almost “entirely” by private exploration and production (E&P) companies looking for oil, Tudor, Pickering, Holt & Co. Securities Inc. (TPH) reported last week. The onshore natural gas rig count didn’t bottom out until early July, and “gas price weakness” is likely to persist into November, said SunTrust Robinson Humphrey/the Gerdes Group (see related story).

The total U.S. land rig count bottomed at 901 working rigs on May 29, but 112 rigs have since gone back to work, driven almost “entirely” by private exploration and production (E&P) companies looking for oil, Tudor, Pickering, Holt & Co. Securities Inc. (TPH) reported Wednesday. The onshore natural gas rig count, said TPH, didn’t bottom out until early July, and only a handful of explorers are adding rigs.

The United States Natural Gas Fund (UNG) may have no more limited partnership units left it can sell, but that has not entirely prevented the flow of new money into exchange traded securities that mimic the movements of natural gas prices at the Henry Hub.

The United States Natural Gas Fund (UNG) may have no more limited partnership units left it can sell, but that has not entirely prevented the flow of new money into exchange traded securities that mimic the movements of natural gas prices at the Henry Hub.

Democrats on the House Committee on Natural Resources are circulating a discussion draft bill that would almost entirely revamp the way the Department of Interior (DOI) operates, as well as raise onshore royalties for oil and gas by 50%, cut onshore lease terms from 10 years to five, raise minimum onshore bonus rates, eliminate all royalty-in-kind programs and set up planning for the leasing of federal lands on a state-by-state basis.