Highest

Re-exports of foreign-sourced liquefied natural gas (LNG) reached their highest level in January since the service began in the United States in December 2009, the Energy Information Administration (EIA) said last week.

Re-exports of foreign-sourced liquefied natural gas (LNG) reached their highest level in January since the service began in the United States in December 2009, the Energy Information Administration (EIA) said Monday.

Quicksilver Resources Inc., which was one of the early entrants into the Horn River Basin of British Columbia (BC), has launched plans to create a midstream natural gas entity to support its 130,000 net-acre project.

The United States had record natural gas consumption of 24.13 Tcf in 2010, the highest since the Energy Information Administration (EIA) started keeping records in 1973, according to trade data released by the EIA in its March energy review.

Domestic production increases as imports decline.

Enthusiasm for uncovering oil deposits in the Eagle Ford Shale of South Texas hasn’t waned at El Paso Corp. In fact, the company likely will move more rigs into its leasehold as the year progresses, CEO Doug Foshee said Thursday.

Marathon Oil Corp. said Wednesday it will spend up to $1 billion this year on three of its highest “growth assets,” all U.S. shale projects: North Dakota’s Bakken play, the Eagle Ford in Texas and the Anadarko Woodford in Oklahoma.

Republican candidate Joe Miller took his challenge of the outcome of Alaska’s disputed U.S. Senate race to the state Supreme Court Friday. He is asking the state’s highest court to overturn a decision by a Superior Court judge that was favorable to write-in candidate and incumbent Sen. Lisa Murkowski (R-AK).

U.S. natural gas proved reserves, estimated as wet gas (including natural gas plant liquids) increased by 11% in 2009 to 284 Tcf — the highest level since 1971 — according to the U.S. Energy Information Administration (EIA). Shale gas plays led the charge, the agency said.