Fetches

In one remote corner of North America natural gas still fetches a price that covers its costs, including drilling and pipeline construction. On the Mackenzie Delta an environmental assessment is beginning on a supply project called Ikhil for Inuvik, the biggest town in the Canadian land of the midnight sun.

The Oil & Gas Asset Clearinghouse said Thursday that it sold more than $41.1 million in properties at its Hybrid auction held July 16 in Houston that included more than 175 lots. About 420 registered bidders competed for the properties. While Internet bidders accounted for only 28% of the total registered bidders, 73% of the 175 Lots offered had Internet bidder participation.

Sempra Energy’s Southern California Gas Co. utility told state regulators Monday that it pulled in $31.3 million in the sale of 8 Bcf of added underground storage gas in its two-week open season that ended late last month (Nov. 26). The utility filed a terse “notice of sale” with the California Public Utilities Commission.