Making

How low can you go? Both government and private energy analysts in the business of making natural gas price forecasts haven’t quite determined how low natural gas prices will go in 2012 — but the consensus doesn’t indicate a bullish run.

The Securities and Exchange Commission (SEC) has charged the former CEO and CFO of Bixby Energy Systems, a Minnesota-based clean coal technology company, for making allegedly false and misleading statements to investors, and it separately charged a network of brokers for selling Bixby’s securities without being registered to do so.

ConocoPhillips last Wednesday bid $103.2 million for a tract in the western Gulf of Mexico (GOM), making it the highest bidder in the first auction held by the federal government in the region since the Macondo well blowout in 2010 (see see NGI, April 26, 2010).

ConocoPhillips Wednesday bid $103.2 million for a tract in the western Gulf of Mexico (GOM), making it the highest bidder in the first auction held by the federal government in the region since the Macondo well blowout in 2010 (see Daily GPI, April 26, 2010).

As the city of Dallas’ Gas Drilling Task Force works to finalize the recommendations it is scheduled to make later this month to city council, members Tuesday came to a decision on a few items.

With an eye on improved air quality and increased demand, Pennsylvania is making the case that existing regulation allow drivers to convert their vehicles to run on natural gas.

The majority of Tulsa-based oil and gas exploration and production company Samson Investment Co. is poised to be bought by a private equity group led by KKR & Co. for $7 billion, making it one of the largest private-equity takeovers of all time, according to press reports.

Lawmakers in North Carolina should consider several health and environmental measures as they weigh the legalization of horizontal drilling and hydraulic fracturing (fracking) in their state, researchers at Duke University said in a new report.

Inergy subsidiary Central New York Oil & Gas Co. LLC (CYNOG) is ready to move forward with construction of the MARC I Hub Line project in northeastern Pennsylvania — a project that is expected to give northern markets greater access to Marcellus Shale gas — following a FERC order this week granting the project a certificate of public convenience and necessity.