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The land grab continues in the emerging natural gas-rich basins of East Texas, and Berry Petroleum Co. has become the latest to join the crowd, agreeing to pay $620 million in cash to buy 4,500 net acres. With the transaction, Berry’s output would increase by 32 MMcfe/d, and it would add 370 Bcfe to reserves.

The land grab continues in the emerging natural gas-rich basins of East Texas, and Berry Petroleum Co. has become the latest to join the crowd, agreeing to pay $620 million in cash to buy 4,500 net acres. With the transaction, Berry would add 32 MMcfe/d to its output and 370 Bcfe to reserves.

Energy traders were abuzz Friday as reports circulated that Houston-based hedge fund Saracen Energy Partners LP is the latest to join the ranks of organizations that have recently recorded large losses on wrong-way trades in the natural gas futures market. Some traders pointed to the fallout as explanation for this week’s spike in natural gas futures.

ConfirmHub LLC said last week that Nymex Holdings Inc., parent company of the New York Mercantile Exchange Inc. (Nymex), has signed a letter of intent to join Amerex, GFI Group, ICAP Energy, Tullett & Prebon Energy, TFS Energy and Spectron in support of the ConfirmHub standard, which is the industry effort to provide standardized format delivery of confirmations via a single secure interface.

ConfirmHub LLC said Thursday that Nymex Holdings Inc., parent company of the New York Mercantile Exchange Inc. (Nymex), has signed a letter of intent to join Amerex, GFI Group, ICAP Energy, Tullett & Prebon Energy, TFS Energy and Spectron in support of the ConfirmHub standard, which is the industry effort to provide standardized format delivery of confirmations via a single secure interface.

Esperanza Energy LLC, a unit of San Antonio-based Tidelands Oil & Gas Corp., Wednesday became the fourth company to join the Southern California offshore liquefied natural gas (LNG) terminal competition with a proposal to develop two receiving platforms 10 miles off the coast at Huntington Beach, CA. Esperanza said it hopes to file an application by the end of this year.

At least 30 states will join Enron Corp. shareholders to pursue billions in damages from the company’s former banking partners. A legal brief filed last week in Houston by attorneys general from across the country claims the states’ residents who were Enron shareholders were injured by the company’s bankruptcy.

At least 30 states will join Enron Corp. shareholders to pursue billions in damages from the company’s former banking partners. According to a legal brief filed Monday in Houston by attorneys general from across the country, the states’ residents who were Enron shareholders were injured by the company’s bankruptcy.

Voting to join the old with the new, members of the New York Board of Trade (NYBOT), a 136-year-old floor-based soft commodity exchange, voted overwhelmingly last week to merge with the rapidly expanding IntercontinentalExchange (ICE), one of the newest and fastest growing electronic exchanges, in a $1 billion-plus proposed transaction.