Lost

More than 60,000 jobs have been lost in the Gulf of Mexico (GOM) region since 2008 due to the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups.

More than 60,000 jobs have been lost in the Gulf of Mexico region since 2008 due the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups

Southern California Gas (SoCalGas) kept a high-linepack OFO in place through Sunday, then allowed it to expire Monday. SoCalGas also said it lost 100 MMcf/d of North Needles border delivery capacity Sunday for an undetermined amount of time when it declared a force majeure at the receipt point in order to replace a piston on the #1 unit.

Range Resources Corp. President Jeffrey L. Ventura is slated to become CEO of the company Jan. 1 when current CEO John H. Pinkerton will become executive chairman, the Marcellus Shale-focused producer said Monday.

The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true,” said EDF’s energy program deputy director.

Increased Marcellus Shale production helped Seneca Resources Corp. offset the production it lost after selling its Gulf of Mexico assets earlier this year, and now the company is again pursuing partnerships to speed up that growth.

Increased Marcellus Shale production helped Seneca Resources offset production it lost after selling its Gulf of Mexico assets earlier this year, and now the company is pursuing partnerships to speed up that growth.

A rise in shale gas supplies and implications from last fall’s San Bruno, CA, pipeline rupture and explosion have caused California Energy Commission (CEC) planners to rethink their update of the state’s 2011 Integrated Energy Policy Report.

The cash market regained the price ground lost on the previous day and more Wednesday as a decline of heating load in the South proved to be less than expected and the lower Northeast saw a substantial reversal of prior warming trends. Spot gas also had fairly strong support from Tuesday’s May futures rise of 12.4 cents.