Quarterly

BP plc disclosed in a quarterly filing with the Securities and Exchange Commission (SEC) last week that the Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) are investigating “several BP entities regarding trading in the next-day natural gas market at the Houston Ship Channel during October and November 2008.”

BP plc disclosed in a quarterly filing with the Securities and Exchange Commission (SEC) that the Federal Energy Regulatory Commission (FERC) and the Commodity Futures Trading Commission (CFTC) are investigating “several BP entities regarding trading in the next-day natural gas market at the Houston Ship Channel during October and November 2008.”

Unconventional play-focused Range Resources Corp. charted record quarterly production in 4Q2010 with an average of 541 MMcfe/d, an 18% jump from the year-ago period and an 8% increase from the previous quarter, the company said.

Unconventional play-focused Range Resources Corp. charted record quarterly production in 4Q2010 with an average of 541 MMcfe/d, an 18% jump from the year-ago period and an 8% increase from the previous quarter, the company said.

Pittsburgh-based Consol Energy Inc. said its natural gas division achieved record quarterly production of 36.2 Bcf for the quarter ended Dec. 31. This was 44% higher than the 25.1 Bcf produced in the year-ago period. For the year, the company produced 127.9 Bcf, eclipsing 2009’s record production of 94.4 Bcf by 35%, the company said. Consol said it will update its gas production forecast in conjunction with the release of its 2011 capital budget on Jan. 27.

Renewed vigor to tap into North America’s shales helped Schlumberger Ltd. to more than double its quarterly earnings, the oilfield services giant said Friday.

The Bureau of Land Management (BLM) said Wednesday three nominations for oil shale research, development and demonstration (RD&D) leases have been approved for Colorado and Utah that would allow the proponents to test the feasibility of various oil shale recovery technologies on public lands.

The Bureau of Land Management (BLM) Utah office said it sold 11 of 12 parcels offered in its latest quarterly oil and natural gas lease sale. The sold parcels total 9,195 acres of federal land administered by BLM’s Vernal, UT, Field Office. During the oral auction BLM received more than $1.25 million in bonus bids for the federal lease rights. In addition to the bonus bids, the sale netted $13,797 in rental fees and $1,595 in administrative fees, for more than $1.26 million in total revenues. Tendy Management LLC of Henderson, NV, submitted the highest total bid per acre at $560 on parcel No. 39, which contains 80 acres. The highest total bid per parcel was by Rosewood Resources Inc. of Dallas for $518,400 on parcel No. 56, which contains 2,160 acres. The average bid per acre sold was $136.10.

Nexen Inc. on Thursday kicked off the quarterly earnings season with good news: higher profits than anticipated and solid performance from its operating units.