Reduced

The Energy Information Administration (EIA) last week narrowly reduced its estimated outlook for U.S. natural gas production in 2010, but the federal agency noted that total output still is tracking to be 1.9% higher than in 2009.

The Energy Information Administration (EIA) on Tuesday narrowly reduced its estimated outlook for U.S. natural gas production in 2010, but the federal agency noted that total output still is tracking to be 1.9% higher than in 2009.

CIG said one unit at Mocane Compressor Station will be out of service July 26-30 for mechanical inspections, during which station capacity will be reduced form 66 MMcf/d to 29 MMcf/d. Firm capacity at Mocane is currently subscribed at the 30 MMcf/d level, CIG said.

Steep declines in hydraulic fracturing and cementing services in North American operations, coupled with reduced pricing for services, sent BJ Services Co. earnings into a spiral in fiscal 1Q2010, the company said late Monday.

Steep declines in hydraulic fracturing and cementing services in North American operations, coupled with reduced pricing for services, sent BJ Services Co. earnings into a spiral in fiscal 1Q2010, the company said late Monday.

National Fuel Gas Co. posted reduced fiscal 2009 fourth quarter earnings due mainly to the impact lower commodity prices had on its Exploration & Production (E&P) segment. However, the diversified company’s upstream segment has ambitious plans for the Marcellus Shale play for next year, executives said last Friday.

National Fuel Gas Co. posted reduced fiscal 2009 fourth quarter earnings due mainly to the impact lower commodity prices had on its Exploration & Production (E&P) segment. However, the diversified company’s upstream segment has ambitious plans for the Marcellus Shale play for next year, executives said Friday.

Southern Star Central declared a force majeure event as it reduced capacity Wednesday on its Rawlins-Hesston Line due to required repairs resulting from findings of its pipeline integrity program. The reduction to 80,000 Dth/d through St. Francis Station in Cheyenne County, KS, is expected to be in effect until Friday, Southern Star said.

A new quarterly production record and reduced costs at Ultra Petroleum Corp. in 3Q2009 weren’t enough to overcome a noncash unrealized mark-to-market charge of $145 million on the company’s financial commodity contracts and the continued decline in natural gas prices, resulting in a loss of $8.33 million (minus 6 cents/share) compared with a profit of $116.9 million (74 cents) in 3Q2008, the Houston-based company said Friday.