Projected

Idaho regulators have taken steps to make sure local MDU Resources Group utility Intermountain Gas Co.’s current projected surplus of liquefied natural gas (LNG) that is sold to nonutility customers includes benefits for the retail regulated gas utility customers.

Chesapeake Energy Corp. has carved out a 94,000-acre tract in Ohio’s Stark and Portage counties to sell, land that represents roughly one-tenth of its leasehold in the Utica/Point Pleasant Shale.

More than 85% of Houston-based Rosetta Resources Inc.’s 2013 capex budget of $700 million will be spent in the liquids-rich window of the Eagle Ford Shale. About 10% of spending will go to evaluation of new venture opportunities outside the Eagle Ford that the company recently began talking about.

Up to 85% of the projected revenues from California’s proposed greenhouse gas (GHG) cap-and-trade auction could be used to cut retail electricity rates during the next eight years, according to a proposed state regulatory decision released this month. Eventual cap-and-trade revenues in the state have been estimated to range from $5.7 billion to $22.6 billion through 2020.

Boosted by activity in the Marcellus Shale and Mississippian Lime, Range Resources Inc. said Thursday it has beaten its 3Q2012 forecast for natural gas and natural gas liquids (NGL) production, with output up 47% year/year (y/y) and 10% sequentially.

Test well results and micro-seismic analysis have identified more than 200 drilling locations in the Mondak in the Upper Bakken Shale, according to initial drilling results released Thursday by Calgary, Alberta-based PetroShale.

More than 48% of natural gas production from the U.S. Gulf of Mexico (GOM) was shut in Monday as Tropical Storm Isaac, its projected path veering further west over the weekend and its power expected to increase to hurricane strength within the next 24 hours, moved ever closer to New Orleans.

There could be more than 25 million light-duty natural gas vehicles (NGV) on the road worldwide by the end of 2019 when annual NGV sales are projected to reach 3.2 million, according to a report issued Wednesday by Navigant Consulting’s Boulder, CO-based Pike Research unit. There are currently slightly more than two million NGVs around the world.

Jersey City, NJ, has called on FERC to stay a June order approving the start of construction of Spectra Energy Corp.’s New Jersey-New York Expansion Project, a 20-mile expansion of the Texas Eastern Transmission (Tetco) and Algonquin Gas Transmission interstate pipeline systems.