Feet

One of the current hotspots in the drive to bring on new gas supplies from the Rocky Mountains involves the Roan Plateau, which rises 3,000 feet northwest of the town of Rifle, CO, in the mineral-rich Uinta-Piceance Basin.

Cabot Oil & Gas Corp. last Tuesday reported record proved reserves of 1,202 billion cubic feet equivalent (Bcfe) for the company at the end of 2004, up 5% over last year.

Cabot Oil & Gas Corp. on Tuesday reported record proved reserves of 1,202 billion cubic feet equivalent (Bcfe) for the company at the end of 2004, up 5% over last year.

Samuel Bodman, who has served as U.S. Energy Secretary for just over a week, had his feet held to the fire in three hours of questioning Wednesday about the administration’s proposed energy budget by a not-entirely-friendly House Energy and Commerce Committee.

Samuel Bodman, who has served as U.S. Energy Secretary for just over a week, had his feet held to the fire in three hours of questioning Wednesday about the administration’s proposed energy budget by a not-entirely-friendly House Energy and Commerce Committee.

A proxy filed with the Securities and Exchange Commission earlier this month by PG&E Corp. indicated its CEO’s compensation doubled last year, reaching almost $20 million, including stock options. Separately, a spokesperson for the holding company for the Chapter 11-protected Pacific Gas and Electric Co. utility said the firm earlier in the year paid out $83 million in retention bonuses to 17 top executives in the parent, utility and former merchant energy units.

Murphy Oil said it has commenced production from its Medusa field in Mississippi Canyon Blocks 538 and 582. Medusa is located in 2,200 feet of water and consists of a spar facility capable of handling 40,000 b/d of crude oil and 110 MMcf/d of gas. Murphy is the operator of the field and holds a 60% interest with partners Eni Petroleum (25%) and Callon Petroleum (15%). Medusa has reserves of 140 million boe and is expected to reach peak production of 36,000 b/d of oil and 40 MMcf/d of gas.

Murphy Oil said it has commenced production from its Medusa field in Mississippi Canyon Blocks 538 and 582. Medusa is located in 2,200 feet of water and consists of a spar facility capable of handling 40,000 b/d of crude oil and 110 MMcf/d of gas. Murphy is the operator of the field and holds a 60% interest with partners Eni Petroleum (25%) and Callon Petroleum (15%). Medusa has reserves of 140 million boe and is expected to reach peak production of 36,000 b/d of oil and 40 MMcf/d of gas.

Shell US Gas & Power LLC announced plans Wednesday to build a deepwater LNG import terminal about 38 miles offshore Louisiana in about 55 feet of water. The terminal, which will be developed for service in 2008-09 by Shell subsidiary Gulf Landing LLC, will have the capacity to deliver 1 Bcf/d into the U.S. interstate pipeline network.