Remains

Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said last week.

Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said Monday.

Magnum Hunter Resources Corp.’s production in the Appalachian Basin remains “substantially curtailed” nearly three months after an unusually severe thunderstorm knocked out electricity service to much of the region, the Houston-based independent said Wednesday.

The nation’s energy infrastructure remains vulnerable to ongoing cyber attacks and the government is powerless to do anything about it, FERC Chairman Jon Wellinghoff said in Washington, DC, Wednesday.

With energy demand high and producers climbing over each other in the Marcellus Shale region, the Northeast remains “ripe with bottlenecks,” and it’s likely to get more congested before natural gas infrastructure is completed, Williams CEO Alan Armstrong said last week.

With energy demand high and producers climbing over each other in the Marcellus Shale region, the Northeast remains “ripe with bottlenecks,” and it’s likely to get more congested before natural gas infrastructure is completed, Williams CEO Alan Armstrong said Wednesday.

The nation’s energy infrastructure remains vulnerable to ongoing cyber attacks and the government is powerless to do anything about it, FERC Chairman Jon Wellinghoff said in Washington, DC, Wednesday.

Continuing its strategy of increasing its acreage in the liquids-rich Bakken Shale and Three Forks Formation, a QEP Resources Inc. subsidiary has entered into two deals with multiple sellers to acquire “significant crude oil development properties” in the Williston Basin for an aggregate purchase price of close to $1.38 billion.

Despite two years of decline, BP plc remains firmly atop NGI’s 1Q2011 Top North American Gas Marketers Ranking. read more