Highest

ExxonMobil Corp. posted the highest quarterly results in U.S. history Friday, but neither Exxon nor second-largest U.S. producer Chevron Corp. managed to boost their oil and natural gas production levels in the final three months of the year.

Changes hit the highest levels of the nation’s largest private- and public-sector utilities late Monday, as PG&E Corp. announced its President Tom King is leaving, and the Los Angeles Department of Water and Power (LADWP) has had to move its chief administrative officer (CAO) into its top job on an interim basis to fill in for General Manager Ron Deaton, who suffered a serious cardiac arrhythmia while on vacation in Costa Rica with his family.

Despite “solid production growth” and the “highest daily production rates to date,” Bill Barrett Corp.’s net income for the first quarter was off by one-third from the first quarter in 2006, the company reported Tuesday. Company officials blamed the disparity on Rockies natural gas prices in the two periods.

Domestic natural gas reserves increased for the eighth straight year in 2006 and now exceed 205 Tcf — 1 Tcf higher than in 2005 and their highest level since 1978 — according to preliminary findings by the American Gas Association (AGA).

Domestic natural gas reserves increased for the eighth straight year in 2006 and now exceed 205 Tcf — 1 Tcf higher than in 2005 and their highest level since 1978 — according to preliminary findings by the American Gas Association (AGA). The AGA, which issued its report Wednesday, based its numbers on a representative sample of 30 natural gas reserves holders, which it said account for more than half of total U.S. booked reserves and slightly less than half of all U.S. gas production.

Working gas inventories are expected to start this upcoming winter heating season at the highest mark since 1990, keeping gas prices at depressed levels in comparison to prior years, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for September that was issued last Tuesday.

Working gas inventories are expected to start this upcoming winter heating season at the highest mark since 1990, keeping gas prices at depressed levels in comparison to prior years, according to the Energy Information Administration’s (EIA) Short-Term Energy Outlook for September.

Columbia Gas of Virginia topped its winter peak demand record for natural gas in August, reporting its three highest single demand days in its nearly 160-year history. The new peak — the first time it has ever been set in the summer — came on Aug. 2 when a heat wave swept through the eastern half of the country recording temperatures above 100 degrees in many locations.

Columbia Gas of Virginia topped its winter peak demand record for natural gas last week, reporting its three highest single demand days in its nearly 160-year history. The new peak — the first time it has ever been set in the summer — came on Aug. 2 when a heat wave swept through the eastern half of the country recording temperatures above 100 degrees in many locations.