Produced

FERC’s conference on the status of price reporting late last month produced a face-off between price index publishers and the director of enforcement for the Commodity Futures Trading Commission (CFTC), a confrontation indicative of the intensity of the behind-the-scenes legal battles being fought by the publishers to maintain confidentiality of their sources.

FERC’s conference on the status of price reporting produced a face-off Friday between price index publishers and the director of enforcement for the Commodity Futures Trading Commission (CFTC), a confrontation indicative of the intensity of the behind-the-scenes legal battles being fought by the publishers to maintain confidentiality of their sources.

Because some of its oil and natural gas sales were delayed in overseas operations, Murphy Oil Corp. said Monday that its first quarter net income will be lower, averaging between 90 cents and $1.10 per share.

The Department of the Interior’s Minerals Management Service (MMS) said Wednesday that 329,000 MMBtu of royalty-in-kind (RIK) gas produced from federal leases in the Gulf of Mexico was sold to eight companies during a March sale.

Canadian producers added 6.8 Tcf of reserves last year and produced 6.4 Tcf for a production replacement rate of 106%, the Canadian Association of Petroleum Producers (CAPP) reported last week in its year-end reserves estimate. Canada has 60.1 Tcf of remaining natural gas reserves and 11.9 billion barrels of crude oil and equivalent reserves. Its crude oil and equivalent production replacement rate in 2001 was only 55%.

Canadian producers added 6.8 Tcf of reserves last year and produced 6.4 Tcf for a production replacement rate of 106%, the Canadian Association of Petroleum Producers (CAPP)reported this week in its year-end reserves estimate. Canada has 60.1 Tcf of remaining natural gas reserves and 11.9 billion barrels of crude oil and equivalent reserves. Its crude oil and equivalent production replacement rate last year was only 55%.

International conflict over natural gas produced offshore of Nova Scotia has spread to a new front, with Canadian demands for rights of first refusal clouding the outlook for the 80% capacity expansion proposed by Maritimes & Northeast Pipeline.

International conflict over natural gas produced offshore of Nova Scotia has spread to a new front, with Canadian demands for rights of first refusal clouding the outlook for the 80% capacity expansion proposed by Maritimes & Northeast Pipeline.

As the fight over a demand for Canadians-first restrictions against exports of natural gas produced offshore Nova Scotia went to the final stage of oral hearings, a report in Washington highlighted the value of an open border to the industry. Canadian exporters cornered a record 87% of the gas market in New England during 2001, said a review of the trade by the U.S. Department of Energy (DOE).