Leases

Magnum Hunter Resources Inc. and its partners are ramping up more production from their Gulf of Mexico (GOM) leases, which is helping the Irving, TX-based independent continue a string of offshore success that overall will yield an additional 20 MMcfe of new net daily production beginning in the fourth quarter.

Strong production gains from its existing leases in Alberta and Saskatchewan will pump up Calgary-based Enterra Energy Corp.’s third quarter earnings 300% over a year ago, the company said Thursday.

Cheniere Energy Inc. on Friday announced the formation of J&S Cheniere S.A., a company created for the purpose of buying, selling and trading liquefied natural gas (LNG). Cheniere holds a minority interest in the company, which is based in Switzerland.

Development of federal leases in the Powder River Basin of Wyoming and Montana will have to await a revised plan to mitigate the impact of brine brought to the surface in coalbed methane drilling on rivers in the area, according to a review published by the Environmental Protection Agency (EPA) last week.

Infinity Inc. reported Friday that it has acquired leases on an additional 2,500 acres of coalbed methane (CBM) property in its Antelope project in Northwestern Colorado. During a conference call, the company also reported that it is generating additional revenues from the unexpected production of oil at one of the initial gas wells at its “Pipeline” project in Wyoming. The purchase price was not disclosed

With a bid of C$97.8 million, a 50-50 consortium of BP CanadaEnergy Co. and Anadarko Canada Corp. was the top bidder last weekfor one of eight exploration licenses off energy rich Nova Scotia,in an area about 60 miles east of the prolific Sable Island naturalgas field off the east coast of Canada.

With a bid of C$97.8 million, a 50-50 consortium of BP CanadaEnergy Co. and Anadarko Canada Corp. was the top bidder last weekfor one of eight exploration licenses off energy rich Nova Scotia,in an area about 60 miles east of the prolific Sable Island naturalgas field off the East Coast of Canada.

For the second time this summer, Canadian natural gas producershave voted with their pocketbooks to revive northern drilling andexpectations that an Arctic pipeline will be built.

For the second time this summer, Canadian natural gas producershave voted with their pocketbooks to revive northern drilling andexpectations that an Arctic pipeline will be built.