Increase

Houston-based Vanguard Natural Resources LLC said it plans to use proceeds from the sale of some assets in the Midcontinent to pay down its debt, while it plans to bump up its capital expenditures (capex) for the remainder of the year to conduct drilling in the Green River Basin’s Pinedale Anticline.

Anadarko Petroleum Corp. stands ready to execute, once prices stabilize, on a big stack of domestic opportunities in the deepwater Gulf of Mexico, as well as the Denver-Julesburg (DJ) and Permian basins, as costs are coming down and efficiencies are moving up.

Devon Energy Corp. has raised its full-year production guidance by 3% after exceeding midpoint expectations for North American natural gas, liquids and oil output, led by outperformance in Oklahoma’s stacked reservoirs.

May natural gas is set to open 2 cents lower at $2.05 in spite of traders expecting a government report to show well below normal builds in inventory. Overnight oil markets rose.

May natural gas is set to open 2 cents lower at $2.05 in spite of traders expecting a government report to show well below normal builds in inventory. Overnight oil markets rose.

NiSource Inc. subsidiary Columbia Gas of Pennsylvania has filed another request with the Pennsylvania Public Utility Commission (PUC) for an annual revenue increase of $55 million to fund continuing upgrades of its underground distribution infrastructure and training for pipeline safety and regulatory compliance.

The Pennsylvania Public Utility Commission (PUC) has reduced PECO Energy Co.’s electric distribution rate request by 33%, approving a settlement that would allow a $127 million annual increase for its customers, rather than the $190 million increase it had filed for earlier this year.

The Pennsylvania Public Utility Commission (PUC) has approved a settlement that cuts Columbia Gas of Pennsylvania’s annual revenue increase request by 39%, leaving part of its infrastructure and safety upgrade plans to be decided in separate proceedings.

A recently released report by the West Virginia Center on Budget and Policy, a liberal think tank, recommends increasing the state’s severance tax on natural gas liquids (NGL) if they are not being used to develop more in-state industries such as chemical manufacturing.