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Randy Eresman, who has led Encana Corp. since 2006, suddenly resigned on Friday, fueling speculation about whether he jumped or was pushed out of the boardroom.

In its first forecast for 2014, the Energy Information Administration (EIA) said it expects natural gas prices to “gradually rise but still remain relatively low” over the next 24 months, with Henry Hub prices averaging $3.74/MMBtu this year and $3.90/MMBtu in 2014, compared with $2.75/MMBtu in 2012.

In its first forecast for 2014, the Energy Information Administration (EIA) said it expects natural gas prices to “gradually rise but still remain relatively low” over the next 24 months, with Henry Hub prices averaging $3.74/MMBtu this year and $3.90/MMBtu in 2014, compared with $2.75/MMBtu in 2012.

Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.

Based on the most recent state data for this year, New Mexico is on track to bust the 80 million bbl oil production level for the first time since the late 1970s, and natural gas is expected to stay level at about 1.2 Tcf, according New Mexico Oil and Gas Association (NMOGA) officials.

Audi AG held a topping-out ceremony recently for a new plant in Germany that will be the world’s first manufacturing facility for producing synthetic methane, or “e-gas,” along with renewable electricity. The facility is scheduled to begin operations early in 2013 and begin feeding e-gas into the local natural gas distribution network by summer.

As its first major decision following the San Bruno pipeline failure two years ago, California regulators on Thursday approved a three-year pipeline enhanced safety plan for Pacific Gas and Electric Co. (PG&E) but denied utility ratepayer support for most of the cost of the utility proposal.

Cabot Oil & Gas Corp. for the first time in its history has surpassed 1 Bcf/d gross of natural gas production in the Marcellus Shale, which it credited to new wells and additional infrastructure. The gross output milestone resulted in total net output simultaneously breaking a record at 1 Bcf/d.

Cabot Oil & Gas Corp. late Tuesday said for the first time in its history the Marcellus Shale operations surpassed 1 Bcf/d gross of natural gas production, primarily because of new wells and additional infrastructure.