Offered

Admittedly on a limited basis at the beginning, American Honda Motor Co., Inc., offered Californian’s a chance at a version of “energy independence,” sending out its first retail version of the natural gas-powered Civic GX sedan, combined with a new home-refueling appliance the car maker is calling “Phill” (as in “phill-er up”).

Admittedly on a limited basis at the beginning, American Honda Motor Co., Inc., offered Californian’s a chance at a version of “energy independence,” sending out its first retail version of the natural gas-powered Civic GX sedan, combined with a new home-refueling appliance the car maker is calling “Phill” (as in “phill-er up”).

Stand-alone natural gas legislation offered in the Senate last Wednesday seeks to tame gas prices by giving coastal states the opportunity to opt out of the federal moratorium on offshore oil and gas leasing and potentially freeing up gas-rich Lease 181 in the eastern Gulf of Mexico for leasing, as well as promoting a number of other initiatives to slice gas demand and bolster supply.

A stand-alone, comprehensive natural gas bill offered in the Senate Wednesday that potentially could give producers greater access to offshore areas is of “historic significance,” said an official with a major industrial consumer group.

Stand-alone natural gas legislation offered in the Senate Wednesday seeks to tame gas prices by giving coastal states the opportunity to opt out of the federal moratorium on offshore oil and gas leasing and potentially freeing up gas-rich Lease 181 in the eastern Gulf of Mexico for leasing, as well as promoting a number of other initiatives to slice gas demand and bolster supply.

FERC staff last week offered the Commission a full range of options to encourage the development of new natural gas storage facilities in the United States, including relaxing the requirements for independent storage operators to obtain market-based rates.

FERC staff has offered the Commission a full range of options to encourage the development of new natural gas storage facilities in the United States, including relaxing the requirements for independent storage operators to obtain market-based rates.

FERC’s technical conference on the reporting of natural gas storage information last week offered some new ideas, according to a Commission official who said staff would be evaluating testimony and offering the commissioners several options.

The Oil & Gas Asset Clearinghouse sold more than $18.2 million in properties at its hybrid auction in May, which offered 113 lots across the country. Approximately 260 registered bidders competed on the properties, with 30% bidding on the Internet. The Clearinghouse’s hybrid auction process allows Internet bidders the opportunity to compete simultaneously and on a real-time basis against floor bidders. Some of the notable properties were sold to Geodyne Nominee, the Jay-Lec Unit in Florida, $750,000; Swift Energy, North Creole and Broussard Field in Cameron Parish, LA, $500,000; Giddings Field in Fayette County, TX, $575,000; John Mecom III et al, Second Bayou Field in Cameron Parish, $1 million; Lance Ruffel Oil & Gas, Golden Trend Field in Grady County, OK, $2.5 million; Noble Energy, Algoa West Field in Brazoria County, TX, $600,000; Cosmonaut Field in Fort Bend County, TX, $1.4 million; Sugar Valley Field in Matagorda County, TX, $625,000; Mission Resources, Buna Field in Jasper County, TX, $725,000. The next hybrid auction will be held on July 14 at the Sheraton North Houston Hotel in Houston. Information on the upcoming auction may be found at www.ogclearinghouse.com.