Less

When it comes to royalties, less is more as far as producers are concerned. But a proposed restructuring of Alberta’s royalty scheme announced earlier this month might not be enough to stem rapid gas production declines in the province, analysts at Barclays Capital warned recently.

A successful drilling program in the Haynesville Shale helped Comstock Resources Inc. achieve an average daily production rate of 207.5 MMcfe in 4Q2009, a 13% increase from 3Q2009 and sharply higher than the 1.5 MMcfe/d of production reported in 4Q2008, the Frisco, TX-based company said.

A successful drilling program in the Haynesville Shale helped Comstock Resources Inc. achieve an average daily production rate of 207.5 MMcfe in 4Q2009, a 13% increase from 3Q2009 and sharply higher than the 1.5 MMcfe/d of production reported in 4Q2008, the Frisco, TX-based company said.

A successful drilling program in the Haynesville Shale helped Comstock Resources Inc. achieve an average daily production rate of 207.5 MMcfe in 4Q2009, a 13% increase from 3Q2009 and sharply higher than the 1.5 MMcfe/d of production reported in 4Q2008, the Frisco, TX-based company said.

Florida’s 11 electric utilities plan to add a net summer capacity of 10,225 MW over the next 10 years, approximately 4,000 MW less than they had planned on adding just a year ago, and they will depend more than ever on natural gas, according to 10-year site plans the utilities have filed with the Florida Public Service Commission (PSC).

Florida’s 11 electric utilities plan to add a net summer capacity of 10,225 MW over the next 10 years, approximately 4,000 MW less than they had planned on adding just a year ago, and they will depend more than ever on natural gas, according to 10-year site plans the utilities have filed with the Florida Public Service Commission (PSC).

Pacific Gas and Electric issued a third systemwide Stage 3 high-inventory OFO in less than a week for Friday on its California Gas Transmission system. Conditions were the same for the one in effect Wednesday, with noncompliance penalties of $5/Dth for exceeding a 5% tolerance on positive daily imbalances.

Delphi Midstream Partners LLC (DMP), an energy investment firm formed less than two months ago, on Monday struck a deal to buy one of Carrizo Oil & Gas Inc.’s Barnett Shale natural gas gathering systems and to invest in the producer’s Marcellus Shale infrastructure.

In less than 24 hours EXCO Resources Inc. announced two transactions worth close to $700 million to sell some natural gas-weighted properties in Oklahoma, Ohio and Pennsylvania.