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Natural gas demand is expected to lag behind available gas supplies during the upcoming months, which will keep gas prices at a stable level this summer, according to the “Summer Outlook” issued by the Natural Gas Supply Association of America (NGSA).

Re-exports of foreign-sourced liquefied natural gas (LNG) reached their highest level in January since the service began in the United States in December 2009, the Energy Information Administration (EIA) said last week.

Re-exports of foreign-sourced liquefied natural gas (LNG) reached their highest level in January since the service began in the United States in December 2009, the Energy Information Administration (EIA) said Monday.

Westmont Resources Inc. said Thursday it has purchased 3,400 total leasehold acres and 120 existing oil wells in the Marcellus Shale, part of the company’s goal to produce more than 3,500 bbl of oil per month by the end of 2011.

The National Association of Publicly Traded Partnerships (NAPTP) recently warned its members that the Obama administration is considering corporate-level taxation of pass-through entities, such as master limited partnerships (MLP). Such a change could have significant consequences for the midstream energy sector where numerous companies are MLPs. The warning came in a confidential memo circulated to NAPTP members, which was leaked to Reuters. NAPTP Executive Director Mary Lyman would not share the memo with NGI but confirmed its distribution. In an e-mail to NGI, Lyman said, “At this point, there is no public proposal yet; we have simply heard that there is a proposal under discussion as part of corporate tax reform that would tax a broad section of pass-through entities, including MLPs — everything with gross receipts over $50 million.” The administration is still considering tax reform options, according to a White House spokeswoman.

A trade association that represents publicly traded partnerships has warned its members that the Obama administration is considering corporate-level taxation of pass-through entities, such as master limited partnerships (MLP). Such a change would have significant consequences for the midstream energy sector where numerous companies are MLPs.

Independent explorers now drill close to 94% of U.S. oil and natural gas wells, a level of drilling that is forecast to remain steady over the coming decade, according to a study commissioned by the Independent Petroleum Association of America (IPAA).

Independent explorers now drill close to 94% of U.S. oil and natural gas wells, a level of drilling that is forecast to remain steady over the coming decade, according to a study commissioned by the Independent Petroleum Association of America (IPAA).

Ed Duncan is returning to Alaska’s North Slope where his career began about 30 years ago. This time around he has today’s unconventional drilling technologies to unlock what he expects will be a new beginning for himself and for the state.