Performing

Abraxas Petroleum Corp. said a recent Eagle Ford Shale well has been performing better than expected, but its operations in the Williston Basin in North Dakota have been hampered by equipment troubles.

Due to a possible leak, ANR has shut in the offshore Garden Banks 426 receipt point until further notice.

Citing a possible leak, ANR said it is performing an unplanned pipe inspection on its 747 Line that requires the shut-in of four South Marsh Island meters offshore Louisiana.

ANR Pipeline said it has completed maintenance on its Sandwich compressor station and has lifted capacity restrictions on its Southwest Mainline

Natural gas basis trades reported on the IntercontinentalExchange (ICE) electronic system do not rise to the level of performing a significant price-discovery function (SPDF), ICE said in objecting to the Commodity Futures Trading Commission’s (CFTC) proposal to designate 15 natural gas basis contracts as qualifying for SPDF treatment.

Natural gas basis trades reported on the IntercontinentalExchange (ICE) electronic system do not rise to the level of performing a significant price-discovery function (SPDF), ICE said in objecting to the Commodity Futures Trading Commission’s (CFTC) proposal to designate 15 natural gas basis contracts as qualifying for SPDF treatment.

Volatile fuel prices and economic uncertainty weren’t enough to keep Duke Energy’s core operations from performing well, the company said in reporting 2Q2008 adjusted diluted earnings of 27 cents/share, up from 24 cents in 2Q2007.

After discovering “structural anomalies” in late March at its oil and natural gas Neptune tension leg platform (TLP) in the Gulf of Mexico, BHP Billiton said it is performing remediation work to reinforce certain structural components in the hull’s pontoons.

After discovering “structural anomalies” in late March at its oil and natural gas Neptune tension leg platform (TLP) in the Gulf of Mexico, BHP Billiton said Monday it is performing remediation work to reinforce certain structural components in the hull’s pontoons.