Northwestern

South Korean producer STX Energy Co. has paid Encana Corp. C$152 million (US$144 million) to acquire the Maxhamish natural gas field in northwestern Canada. Estimated reserves in the Canadian gas field are about 120 Bcf. Current output from the field is 20.5 MMcf/d. STX said it plans to raise output to around 27 MMcf/d in the near term. Annual sales are expected to be C$40 million for at least 30 years, the producer said. South Korea imports nearly all of its energy, and STX said it plans to look for more investments overseas in the near term.

FERC has approved Wyoming Interstate Co. Ltd.’s (WIC) request to begin service on Phase II compression expansion facilities of its Piceance Lateral in northwestern Colorado.

TransCanada Corp. is preparing an overhaul and expansion of northwestern Canadian pipeline service that will knit Alberta and British Columbia (BC) into a natural gas common market, with producers driving the changes and provincial authorities cooperating.

TransCanada Corp. is preparing an overhaul and expansion of northwestern Canadian pipeline service that will knit Alberta and British Columbia (BC) into a natural gas common market, with producers driving the changes and provincial authorities cooperating.

A steady increase in production from the burgeoning Haynesville Shale of northwestern Louisiana will be offset by moderating activity in other producing regions, significant midstream bottlenecks and a lower futures curve, making an imminent natural gas supply glut unlikely, according to MorningStar analyst Eric Chenoweth.

A steady increase in production from the burgeoning Haynesville Shale of northwestern Louisiana will be offset by moderating activity in other producing regions, significant midstream bottlenecks and a lower futures curve, making an imminent natural gas supply glut unlikely, according to MorningStar analyst Eric Chenoweth.

A new natural gas pipeline to move production from the emerging Haynesville Shale in northwestern Louisiana beginning in late 2009 has been proposed Tuesday by DCP Midstream Partners and M2 Midstream LLC (Momentum).

Natural gas leases sold in 2006 on about 63,000 acres of endangered black-foot ferret habitat in the Wolf Creek area of northwestern Colorado have been voided by the Bureau of Land Management’s (BLM) appeals board.

The Haynesville Shale in northwestern Louisiana could hold the key to U.S. energy independence, Chesapeake Energy Corp. CEO Aubrey McClendon said last week. The CEO, who has long led one of the loudest cheering sections for domestic natural gas prospects, claimed Wednesday that the emerging shale could be three times more prolific in estimated gas resources than the Barnett Shale of Texas.