Reporting

Reporting record profits for all of last year and record fourth quarter production, Apache Corp. senior executives Thursday painted a bullish outlook for this year that includes moving ahead with its newly acquired Kitimat liquefied natural gas (LNG) export project in western Canada and stepping up production of the Permian Basin assets it acquired from BP plc.

Reporting record profits for all of last year and record fourth quarter production, Apache Corp. senior executives last Thursday painted a bullish outlook for this year that includes moving ahead with its newly acquired Kitimat liquefied natural gas (LNG) export project in western Canada and stepping up production of the Permian Basin assets it acquired from BP plc.

“Shaley” natural gas producers and Bakken oil explorers should be reporting “lots” of reserves additions as they roll out their year-end 2010 reports, the research team at Tudor, Pickering, Holt & Co. (TPH) said Friday.

Canada’s Corridor Resources Inc. saw its stock plunge last week after reporting “unexpected and perplexing” results from a shale gas appraisal program in New Brunswick.

Chief Oil & Gas LLC, which in 2005 was the second largest natural gas producer in the Barnett Shale, is showing it can do the same in the Marcellus Shale, reporting that output in Pennsylvania has reached the 100 MMcfe/d mark from 42 wells.

In reporting its third quarter earnings, PG&E Corp. last Thursday said it took a $238 million (36 cents/share) charge on a pre-tax basis tied to the Sept. 9 natural gas transmission pipeline rupture and fire in a residential neighborhood in suburban San Bruno, 10 miles south of San Francisco.

In reporting its third quarter earnings, PG&E Corp. Thursday said it took a $238 million charge on a pre-tax basis, or 36 cents/share, tied to the Sept. 9 natural gas transmission pipeline rupture and fire in a residential neighborhood in suburban San Bruno, 10 miles south of San Francisco.

The Interstate Oil and Gas Compact Commission (IOGCC) and the Ground Water Protection Council (GWPC) have launched an effort to disseminate information on chemicals used in hydraulic fracturing, Railroad Commission of Texas (RRC) Chairman Victor G. Carrillo announced.

The agency overseeing the regulating and inspection of oil and natural gas rigs has created a new online and telephone hotline for reporting misconduct and unethical behavior by both agency and industry employees.