Initial

Transactions in the physical natural gas market were approximately 56 Tcf in 2009, or about 2.5 times the volume of domestic marketed production, according to an initial analysis of Form 552 filings submitted to FERC.

Transactions in the physical natural gas market were approximately 56 Tcf in 2009, or about 2.5 times the volume of domestic marketed production, according to an initial analysis of Form 552 filings submitted to FERC.

EQT Corp. has reported double-digit initial production (IP) results for two of its newest natural gas wells in the Pennsylvania portion of the Marcellus Shale. The Cooper 590384 well in Greene County, PA, completed in late July, had an average IP rate of 22 MMcfe/d over 30 days. The well has a total lateral length of 9,000 feet, with 8,411 feet of stimulated pay, and was completed with a 28-stage fracture. The direct well cost was about $7.1 million, with a preliminary estimated ultimate recovery of 18 Bcf, according to EQT. The Rosborough 590259 well in Armstrong County, PA, had a 24-hour IP of 15 MMcfe from 4,060 feet of stimulated pay. EQT holds a 100% working interest and an 87.5% net revenue interest in both wells.

The first cavern at the Golden Triangle Storage facility near Beaumont, TX, has entered initial commercial operations, AGL Resources said Thursday. Full commercial service of about 6 Bcf of working capacity is expected to begin after dewatering in December.

Absentee ballots are yet to be counted, but initial election results show a surprise upset of incumbent U.S. Sen. Lisa Murkowski by Joe Miller, a little-known conservative Tea Party candidate in the Alaska Republican primary Aug. 24. As ranking member of the Senate Energy and Natural Resources Committee, Murkowski has been a leader on the Republican side of the Senate on energy issues.

The initial 90-day open season of TransCanada Corp.’s Alaska pipeline project has closed and the company’s TC Alaska unit and partner ExxonMobil Corp. are assessing and negotiating the issues associated with the bids received from potential shippers, the companies said.

The initial 90-day open season of TransCanada Corp.’s Alaska pipeline project closed Friday. The company’s TC Alaska unit and partner ExxonMobil Corp. now will begin assessing and negotiating the issues and conditions that are incorporated within the bids received from potential shippers, the companies said.

Natural gas as a transportation fuel has much to gain from the initial version of the current U.S. Senate energy bill introduced by Majority Leader Harry Reid (D-NV) and a similar House version, according to a California-based marketer of compressed natural gas (CNG) and liquefied natural gas (LNG) used for transportation.

Chesapeake Midstream Partners LP on Tuesday said it would launch an initial public offering (IPO) to raise up to $425 million. Timing of the launch was not disclosed.