Gain

Chevron Corp. will gain access to some needed infrastructure to develop a portion of its one million-acre leasehold in the Permian Basin in West Texas, and Cimarex Energy Co. will have expanded opportunities in a key Texas county under a joint agreement.

Natural gas cash prices overall averaged about a 6-cent gain on Wednesday for Thursday delivery as forecasts called for continued below normal temperatures throughout the Midwest and Great Lakes regions.

An eco-hornet’s nest of environmental protests is stirring as TransCanada Corp. works to gain industry support to advance its Energy East Pipeline proposal to convert part of its natural gas Mainline to oil service. Rival Enbridge Inc. stirred up the buzz in an area that straddles the border between central Canada and the northeastern United States with a smaller project across the same region that TransCanada would extend.

The cash market scored an average gain of 8 cents in Tuesday’s trading. Gains were widespread and only a handful of thinly traded points fell into the loss column.

A group of North American exploration and production (E&P) companies, which traditionally have mirrored the overall U.S. natural gas output trajectory directionally, is guiding toward an output decline this year, with the large caps forecasting the biggest drop, according to a review by Barclays Capital.

Cash prices overall averaged a 7-cent gain in Wednesday’s trading as punishing cold refused to release its grip on Midwest and eastern energy markets. If oversized gains in New England are omitted, however, the increase falls to just above 3 cents.

The fourth quarter was Carrizo Oil & Gas Inc.’s ninth consecutive quarter of revenue growth and one during which it charted record oil production and oil revenue, affirming the wisdom of management’s decision to transform Carrizo into an oil company, CEO Chip Johnson said.

Compressed natural gas (CNG) continues to gain attention in the transportation fleet, fuel and vehicle sectors, as well as more integration in the states.

Compressed natural gas (CNG) continued to gain more attention in the transportation fleet, fuel and vehicle sectors, gaining more acceptance as shown in reports in California and Maryland so far this month.