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Southwestern Energy Production Co. (SEPCO), a subsidiary of Southwestern Energy Co., said Tuesday a lawsuit claiming that its drilling in Lenox Township, PA, contaminated nearby water wells contains “unfounded allegations.”

With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.

With the prospect of walking away with more than $2 billion, Sempra Energy now plans to sell its remaining interest in its joint venture (JV) energy trading business with the Royal Bank of Scotland (RBS), CEO Donald Felsinger said Thursday.

Rather than continue down the same cap-and-trade path that “has only increased division” within Congress over climate change legislation, Sen. Lisa Murkowski (R-AK) last Wednesday called for the Senate to return to the drawing board to consider other options, such as a carbon tax, which is favored by some oil and natural gas producers.

Rather than continue down the same cap-and-trade path that “has only increased division” within Congress over climate change legislation, Sen. Lisa Murkowski (R-AK) Wednesday called for the Senate to return to the drawing board to consider other options, such as a carbon tax that is favored by oil and natural gas producers.

For producers — and anyone else who prefers that gas prices are higher rather than lower — the good times won’t arrive until 2013. But then prices could shoot up as high as $10/MMBtu on demand strength coupled with constraints in the rig and oilfield services sector, while global markets draw liquefied natural gas (LNG) away from U.S. shores, according to analysts at Wood Mackenzie.

For producers — and anyone else who prefers that gas prices are higher rather than lower — the good times won’t arrive until 2013. But then prices could shoot up as high as $10/MMBtu on demand strength coupled with constraints in the rig and oilfield services sector, while global markets draw liquefied natural gas (LNG) away from U.S. shores, according to analysts at Wood Mackenzie.

Wednesday’s increase of a couple of pennies proved to be a mere pit-stop for natural gas futures rather than a change in market direction as the December contract resumed its larger downward slump on Thursday.

Natural gas is not just a bridge to renewables but rather is the fuel of the future in an era when beating global warming tops agendas in Washington, DC, and gas producers have stoked supplies with unconventional drilling success, a leading utility executive said last Wednesday.