Rendered

Devon Energy Corp.’s North American onshore oil production jumped year/year 20% in 2012 as it continued to makeover its natural gas-weighted portfolio to higher margin liquids and oil targets, but more still needs to be done to squeeze the value of its portfolio, CEO John Richels said Wednesday. Oil appears to be the answer, and dry natural gas development still is off the table.

In a case that carries tens if not hundreds of millions of dollars of impact, a North Dakota District Court judge rendered the first opinion in a dispute over who is entitled to subsurface mineral rights in the “shore zone” along two major navigable waterways in the state. Ultimately, the issue will need to be resolved by the state Supreme Court, state officials said.

Nearly a third of U.S. deepwater production could be rendered uneconomic if Gulf of Mexico (GOM) permitting timelines are extended, according to a report released last week by the American Petroleum Institute (API).

Nearly a third of U.S. deepwater production could be rendered uneconomic if Gulf of Mexico (GOM) permitting timelines are extended, according to a report released Tuesday by the American Petroleum Institute (API).

After four weeks of testimony and two days of deliberation, jurors in the false price reporting trial of two former natural gas traders rendered a hard-fought split verdict that left defense lawyers scratching their heads.

After four weeks of testimony and two days of deliberation, jurors in the false price reporting trial of two former natural gas traders rendered a hard-fought split verdict that left defense lawyers scratching their heads.

A ten-year snapshot of California’s natural gas future could re-touched or rendered out of focus in the months ahead, depending on more current residential/commercial demand data and whether or not the state’s sagging economy rebounds, according to one of the principal authors of the California Energy Commission’s (CEC’s) last staff gas assessment.

A ten-year snapshot of California’s natural gas future could re-touched or rendered out of focus in the months ahead, depending on more current residential/commercial demand data and whether or not the state’s sagging economy rebounds, according to one of the principal authors of the California Energy Commission’s (CEC’s) last staff gas assessment.

With an unambiguous thumbs-up from the Federal Energy Regulatory Commission rendered in a record short time of about three months, Portland, OR-based Northwest Natural Gas Co. is stepping up settlement discussions with key groups of industrial customers, consumers and regulators in Oregon, leading to an expected final state regulatory approval of its proposed merger with Portland General Electric by the end of May.