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Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d)… read more

Increased natural gas sales by BP plc weren’t enough to overcome mild winter-sparked decreases reported by several other big name companies, resulting in a 4% (5.86 Bcf/d) decline in gas sales transactions in 4Q2012 (135.01 Bcf/d) compared with 4Q2011 (140.87 Bcf/d)… read more

After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.

LyondellBasell Industries, a worldwide chemical company based in the Netherlands, said it hopes to join other manufacturers in taking advantage of the abundance of natural gas and natural gas liquids (NGL) produced from shale formations as it begins construction this month on the first of several projects to expand ethylene capacity in the United States by about 20%.

The Ohio Oil and Gas Commission has scheduled a hearing for D&L Energy Inc.’s motion for stay of the Ohio Department of Natural Resources’ (ODNR) decision to shut the company down after oilfield waste was dumped illegally in late January.

Sen. Lisa Murkowski of Alaska, the ranking member of the Senate Energy and Natural Resources Committee, met with Japanese Prime Minister Shinzo Abe and other top Japanese officials during their recent visit to Washington, DC, to discuss opportunities to export Alaska natural gas to Japan.

Equitrans LP is holding a nonbinding open season through March 13 for firm transmission and storage capacity on a system to be known as Allegheny Valley Connector, which would consist of transmission and storage assets that are expected to transfer to EQT Corp. as part of a transaction with Peoples Natural Gas Co. LLC. EQT is the parent of Equitrans through its EQT Midstream Partners LP. The system is in the Marcellus Shale region, and its primary function is to store and transport gas to Peoples interconnects, including gas for use by Peoples and other suppliers. Information is at www.eqtmidstreampartners.com.

Geisinger Health System has been awarded a $1 million grant from the Degenstein Foundation to help complete a study on the health impacts from Marcellus Shale gas drilling, a report eagerly anticipated by officials in at least two states.

Domestic natural gas production surged in 2011 to 28.48 Tcf, a 1.66 Tcf (6.2%) increase compared to 26.82 Tcf in 2010, and it was production from the nation’s shale plays that gave the total its biggest boost, according to the U.S. Energy Information Administration (EIA).