Represented

A federal judge ruled last week that Pennsylvania landowners who signed Marcellus Shale leases with oil and gas companies — then unsuccessfully sued to have them nullified — did not “repudiate” the lease terms, and turned down the companies’ counter suit to extend the leases by two years to regain time lost during litigation.

Royalty cuts by the British Columbia (BC) government ignited natural gas production development with potential to match or exceed the supply addition represented by the proposed Alaska pipeline from the North Slope, Canadian industry analysts say.

Royalty cuts by the British Columbia (BC) government ignited natural gas production development with potential to match or exceed the supply addition represented by the proposed Alaska pipeline from the North Slope, Canadian industry analysts say.

California is experiencing its lowest retail natural gas utility charges in more than five years, according to a report the state regulatory commission submitted to the legislature and governor earlier in June. The natural gas portion was part of the newly required annual accounting of energy utility rates by the California Public Utilities Commission (CPUC) under a 2009 law (SB 695) that became effective this year.

California is experiencing its lowest retail natural gas utility charges in more than five years, according to a report the state regulatory commission submitted to the legislature and governor earlier in June. The natural gas portion was part of the newly required annual accounting of energy utility rates by the California Public Utilities Commission (CPUC) under a 2009 law (SB 695) that became effective this year.

Monday’s 22.1-cent drop in December natural gas futures to $4.824 had traders debating whether the rally from Sept. 4 was now officially over or whether the pullback represented a mere pit stop on the way to yet higher values.

Houston-based Quantum Energy Capital LLC has closed its $2.5 billion Quantum Energy Partners V private equity fund, the firm said. “This fund represented a 90% increase from our last fund raised in 2006,” said Quantum CEO Wil VanLoh. “The strong response from the investor community during a very difficult fundraising environment is a testament to our track record, investment team and reputation for partnering with the energy industry’s top management teams.” Quantum targets investment opportunities between $100 million and $400 million primarily in the oil and gas upstream, midstream and power sectors but considers opportunities across the entire energy industry. Founded in 1998, Quantum has more than $5.7 billion of assets under management.

The large natural gas suppliers represented by the Natural Gas Supply Association (NGSA) used indexed prices for 66% of all their next-day volumes and for 87% of all their next-month volumes, according to reports on 2008 transactions filed earlier this month with FERC in its Form 552 market survey.

The large natural gas suppliers represented by the Natural Gas Supply Association (NGSA) used indexed prices for 66% of all their next-day volumes and for 87% of all their next-month volumes, according to reports on 2008 transactions filed earlier this month with the Federal Energy Regulatory Commission in its Form 552 market survey.