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EOG Resources Inc. said it now holds 2.2 billion boe of potential recoverable crude oil reserves in the Eagle Ford Shale — reportedly the largest share net to one company in the last 40 years — and plans to continue focusing on oil production in 2013, after posting large increases in oil, condensate and natural gas liquids (NGL) production the year before.

EOG Resources Inc. said it now holds 2.2 billion boe of potential recoverable crude oil reserves in the Eagle Ford Shale — reportedly the largest share net to one company in the last 40 years — and plans to continue focusing on oil production in 2013, after posting large increases in oil, condensate and natural gas liquids (NGL) production the year before.

Algonquin Power & Utilities Corp. (APUC) is assuming Laclede Group Inc.’s right to buy New England Gas Co. (NEG), Laclede said late Monday.

Marathon Oil Corp. production targets are being raised sharply on growth in the Eagle Ford and Bakken shales, CEO Clarence Cazalot said last week. Targeted asset sales also continue, evidenced by the recent sale of a natural gas processor in Louisiana, he told analysts during a 4Q2012 conference call.

Montana Democratic Sens. Jon Tester and Max Baucus reintroduced the North Fork Watershed Protection Act last week to protect part of the state’s remote northwest from new oil and gas development and mining. The bill would help fulfill a 2010 trans-border agreement between former Montana Gov. Brian Schweitzer and former British Columbia Premier Gordon Campbell.

Patterson-UTI Energy Inc. did something in the final three months of 2012 that no other onshore oilfield services provider has announced yet: hydraulic fracturing (fracking) services climbed and sales surpassed expectations — surprising even company executives.

Christopher A. Smith, the Obama administration’s point man on liquefied natural gas (LNG) exports, shed little light last Monday at a national regulatory commissioners’ meeting on when the Department of Energy (DOE) will begin acting on pending applications for authorization to export natural gas to countries with which the United States does not have free trade agreements (FTA).

During oral arguments last Thursday, two out of three appellate court judges appeared to challenge FERC’s claim of authority to prosecute alleged manipulation in the natural gas futures market.

Wyoming Gov. Matt Mead is considering a pre-drilling water testing requirement for oil and natural gas operators in the state.