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Vectren Energy Delivery of Ohio will be phasing itself out of the gas commodity supply business in its western Ohio service territory. The utility, regulators and the state’s consumer advocate all expect the net result to be a cost savings for gas consumers.

The Interior Department’s Inspector General’s (IG) Office is moving to establish a royalty oversight unit to ensure the adequate collection of revenues from oil and natural gas production on federal and Indian lands, IG Earl Devaney said Tuesday.

Onshore operator Edge Petroleum Corp., which is 86% weighted to natural gas, has put itself on the market, looking for a buyer or a merger deal.

In the wake of the Sept. 16 fire at the Cheyenne Plains Compressor Station, Cheyenne Plains Gas Pipeline said it has found itself between a rock and a hard place as it attempts to “satisfy competing and currently incompatible goals.”

To maximize its stake in the Barnett Shale, DTE Energy said last Tuesday it will develop its western Barnett Shale properties itself while offering for sale its more developed acreage and production in the eastern part of the play as part of its restructuring of its nonutility assets.

To maximize its stake in the Barnett Shale, DTE Energy said Tuesday it will develop its western Barnett Shale properties itself while offering for sale its more developed acreage and production in the eastern part of the play as part of its restructuring of its nonutility assets.

Describing itself as a “lower-risk play on the long term fundamentals of natural gas,” Questar Corp. may have validated its claim with its 2Q2007 earnings and production results. The company increased its natural gas and oil production by 13% and its net income by 24% from a year ago — in spite of the current price environment for Rocky Mountain natural gas production.

Describing itself as a “lower-risk play on the long term fundamentals of natural gas,” Questar Corp. may have validated its claim with its 2Q2007 earnings and production results. The company increased its natural gas and oil production by 13% and its net income by 24% from a year ago — in spite of the current price environment for Rocky Mountain natural gas production.

Trans Energy Inc., a small-cap producer that repositioned itself last year, on Tuesday agreed to a joint venture with an affiliate of privately held Republic Energy Inc. — one of the Barnett Shale’s long-time operators — to develop deep shale natural gas reserves in northern West Virginia. Financial details were not disclosed.