Ever

Natural gas production from wells in New York state hit the fourth-highest level ever last year. However, production of 50.32 Bcf was off 8% from the 2007 level, according to the New York State Department of Environmental Conservation (DEC).

Natural gas production from wells in New York state hit the fourth-highest level ever last year. However, production of 50.32 Bcf was off 8% from the 2007 level, according to the New York State Department of Environmental Conservation (DEC).

With natural gas demand and prices falling and U.S. inventories at their second-highest levels ever, gas exchange traded funds (ETF) are still looking bullish, according to Tom Lydon, a Newport Beach, CA-based investment consultant with Global Trends Investments.

With natural gas demand and prices falling and U.S. inventories at their second-highest levels ever, gas exchange traded funds (ETF) are still looking bullish, according to Tom Lydon, a Newport Beach, CA-based investment consultant with Global Trends Investments.

U.S. Secretary of Energy Steven Chu said last Wednesday that while the country faces a number of challenges with electricity infrastructure in an ever-changing environment, the new administration is ready to promote a new, more intelligent system through green-lighting loan guarantees for new projects and investing in the nation’s smart grid and in new sources of renewable energy.

FERC Thursday approved four stipulation and consent agreements, requiring marketers and other energy firms to pay more than $8 million in civil penalties and disgorge approximately $4 million in unjust profits for allegedly engaging in fraudulent open-season bidding for natural gas transportation capacity on the Cheyenne Plains Natural Gas Co. pipeline. The agency also issued two orders to show cause resulting from an 18-month investigation into the illegal activity.

ExxonMobil Corp. Thursday reported the highest quarterly profits ever by a public corporation, but the super major’s oil and natural gas reserves and production — despite record spending — once again failed to grow.

ExxonMobil Corp. Thursday reported the highest quarterly profits ever by a public corporation, but the super major’s oil and natural gas reserves and production — despite record spending — once again failed to grow.

By next year the United States is expected to produce more natural gas than it’s ever produced in history, and the new supplies will pressure pipeline systems and likely damage the prospects for Canadian imports and liquefied natural gas (LNG) facilities, said Bentek Energy LLC CEO Porter Bennett.