Half

Rosetta Resources Inc. has agreed to pay Comstock Resources Inc. $768 million for a package of Permian Basin oil and liquids-rich assets, giving it entry into the West Texas basin.

Gastar Exploration Ltd. plans to suspend its Marcellus Shale capital program “for a short period” during the second half of the year while it monitors production results and allows time for constraints in midstream services to be worked out, CEO Russ Porter said last week.

Gastar Exploration Ltd. plans to suspend its Marcellus Shale capital program “for a short period” during the second half of the year while it monitors production results and allows time for constraints in midstream services to be worked out, CEO Russ Porter said Tuesday.

The cash market Wednesday staged a broad rally of 15 cents with only a half-dozen points falling into the loss column as Old Man Winter refused to let go even with the first day of spring only a week away.

The Interior Department has finalized plans to lease to natural gas and oil operators nearly 12 million acres — more than half — of the National Petroleum Reserve in Alaska (NPR-A), which would allow, among other things, pipelines to be built to transport offshore Chukchi and Beaufort seas production.

The Interior Department has finalized plans to lease to natural gas and oil operators nearly 12 million acres — more than half — of the National Petroleum Reserve in Alaska (NPR-A), which would allow, among other things, pipelines to be built to transport offshore Chukchi and Beaufort seas production.

In a split decision, the Allegheny County Council voted on Tuesday to accept a deal with Consol Energy Inc. for Marcellus Shale natural gas drilling rights at Pittsburgh International Airport.

Nearly half the liquefied natural gas (LNG) fueling stations for natural gas vehicles (NGV) now being developed are in the United States, according to a recent report by Navigant Consulting’s Pike Research unit. Globally there are 117 LNG stations, while compressed natural gas (CNG) stations number more than 20,000.

Ethane and propane spot prices during the second half of last year were near or below the bottom of their 2006-2010 range due to an overabundance of supply, the U.S. Energy Information Administration (EIA) said Tuesday.