Monetize

Range Resources Corp. CEO Jeff Ventura said Wednesday the company’s Marcellus Shale leasehold may have the long-term potential for 24-30 Tcf of reserves.

Two transactions to monetize a portion of Chesapeake Energy Corp.’s 1.5 million net acres in the Utica Shale of Ohio are expected to give the independent about $3.4 billion in proceeds, CEO Aubrey McClendon said late Thursday.

Two transactions to monetize a portion of Chesapeake Energy Corp.’s 1.5 million net acres in the Utica Shale of Ohio are expected to give the independent about $3.4 billion in proceeds, CEO Aubrey McClendon said late Thursday.

Thanks to recent upgrades to a compression station in northeastern Pennsylvania, Cabot Oil & Gas Corp. increased its Marcellus Shale production 35% in a single day, a sign of how infrastructure bottlenecks in Appalachia are crimping production rates.

Marathon Oil. Corp.’s annual oil and natural gas production is on track to grow about 7% through 2012, and in that period the Houston-based producer’s proved reserves will increase by 15%, company officials said last week.

Alaska officials have reviewed the five applications to build pipeline/liquefied natural gas (LNG) projects that would monetize the state’s vast North Slope gas reserves and last week selected only one — a proposal from TransCanada Alaska Co. LLC and Foothills Pipe Lines Ltd. — as being compliant with requirements of the Alaska Gasline Inducement Act (AGIA).

Alaska officials have reviewed the five applications to build pipeline/liquefied natural gas (LNG) projects that would monetize the state’s vast North Slope gas reserves and selected only one — a proposal from TransCanada Alaska Co. LLC and Foothills Pipe Lines Ltd. — as being compliant with requirements of the Alaska Gasline Inducement Act (AGIA).