Rounded

Continental Resources Inc. has signed separate agreements to buy producing and undeveloped properties in the Bakken Shale for $650 million, and to sell land and assets in its east region for $125 million.

A coalition of conservancy and stakeholder groups critical of Pennsylvania’s natural gas drilling said Monday the state needs to slow the shale drilling pace to ensure that safeguards are in place to protect citizens.

Despite a lack of evidence showing that there is a correlation between hydraulic fracturing (fracking) and increased seismic activity, British Columbia (BC) provincial authorities want to study the issue, focusing on BC’s Horn River Basin shale play.

Encana Corp.’s Encana Natural Gas Inc. plans to supply liquefied natural gas (LNG) to fuel fleet vehicles in the Haynesville Shale. It will source the LNG from Pivotal LNG, a unit of AGL Resources, Inc., Pivotal said Monday.

While natural gas marketers overall registered an approximate 12% gain in volumes sold in NGI’s 1Q2008 marketer survey over year-ago totals, Constellation Energy Group, now fourth in the marketer listings, and Louis Dreyfus Energy Services LP, now in sixth place, reported remarkable sales volume gains of 54% and 68%, respectively. Shell Energy North America, Nexen Inc. and Tenaska Marketing Ventures all reported sales volume increases of more than 20%, while Chesapeake Energy Corp. and XTO Energy Inc. both had sales that were up by 32% over 1Q2007.

While natural gas marketers overall registered an approximate 12% gain in volumes sold in NGI’s 1Q2008 marketer survey over year-ago totals, Constellation Energy Group, now fourth in the marketer listings, and Louis Dreyfus Energy Services LP, now in sixth place, reported remarkable sales volume gains of 54% and 68%, respectively. Shell Energy North America, Nexen Inc. and Tenaska Marketing Ventures all reported sales volume increases of more than 20%, while Chesapeake Energy Corp. and XTO Energy Inc. both had sales that were up by 32% over 1Q2007.