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The Houston Exploration Co. announced Wednesday its first shallow-water deep-shelf discovery at High Island, off the Texas coast near Galveston, which is testing at 20 MMcf/d.

The role of liquefied natural gas (LNG) will play an ever bigger role for the United States, with imports surpassing more than 8% of total domestic supply by 2010, according to industry experts speaking Tuesday at GasMart/Power 2003 in New Orleans.

The role of liquefied natural gas (LNG) will play an ever bigger role for the United States, with imports surpassing more than 8% of total domestic supply by 2010, according to industry experts speaking Tuesday at GasMart/Power 2003 in New Orleans.

Canadian Superior Energy Inc. said it made two natural gas discoveries at its East Ladyfern natural gas play in northwestern Alberta and is expecting a new field to be established in the remote area about 22 miles east-southeast of the main Ladyfern gas field and about 65 miles east of Fort St. John, BC.

There still are new sources of natural gas in Texas according to emerging oil and gas company, Micron Enviro Systems (MSEV). The company announced that the Z2 well on the Green Ranch Prospect located in Stephens County has been successfully tested and appears to be a “major new gas formation” discovery.

There still are new sources of natural gas in Texas according to emerging oil and gas company, Micron Enviro Systems (MSEV). The company announced Monday that the Z2 well on the Green Ranch Prospect located in Stephens County has been successfully tested and appears to be a “major new gas formation” discovery.

Caught between forecasts calling for another blast of cold air and its seasonal inclination to move lower, natural gas futures shuffled sideways Friday as neither bull nor bear could get much of anything going. The market finished mixed, with gains in the front months contrasting with losses in the back of the strip. The new prompt contract March finished at $5.605, up 2.2 cents for the day and 14 cents higher for the week. Weighed down by losses in the winter 2003/04 contracts, the 12-month strip advanced only 1.1 cents to $5.016. At just 66,757, estimated volume was light and reflected the market’s lack of direction.

Heading into Friday’s trading session, there were about an equal number of market-watchers calling for a short-covering rally as were calling for a continued sell-down. As it turns out, they were both right.

Citing the critical role that imported liquefied natural gas (LNG) will play in bridging the gap between domestic natural gas supply and demand over the next two decades, major LNG developers called on FERC Friday to exempt import terminals from the agency’s open-access and open-season regulations to encourage an influx of foreign LNG supplies into the United States. Without a more favorable regulatory regime, they warned overseas suppliers will go to the “place of least resistance” — Japan and western Europe, for example.