Series

A series of successful natural gas wells drilled by EnCana Corp. in two emerging shales — the Haynesville Shale in Louisiana and the Horn River Basin of British Columbia (BC) — indicate that the two resource plays may be “among the largest in North America,” the CEO said Monday. Meanwhile, Chesapeake Energy Corp., the largest leaseholder in the Haynesville Shale, and Goodrich Petroleum Corp. agreed to jointly develop Goodrich’s Haynesville acreage.

Strengthened by a series of onshore purchases in key North American natural gas plays, XTO Energy Inc. Wednesday reported record quarterly production, with gas output up 35% from the same period a year ago. Oil and gas output this year now is forecast to jump 23%, and the CEO hinted that more acquisitions may be in the offing.

Pacific Gas and Electric Co. (PG&E) has agreed to pay $20 million to settle the last of a series of lawsuits stemming from water poisoning linked to its natural gas transmission pipeline operations in the Mojave Desert northeast of Los Angeles. The agreement was finalized late in March, according to an Associated Press report.

Alaska’s Point Thomson leaseholders have offered the state a series of steps they will take by 2013 to develop the long-dormant North Slope oil and gas field, which the state has been trying to reclaim in court.

Alaska’s Point Thomson leaseholders have offered the state a series of steps they will take by 2013 to develop the long-dormant North Slope gas field, which the state has been trying to reclaim in court.

Following the lead of the Railroad Commission of Texas (RRC), the U.S. Department of Transportation (DOT) last week, in the interest of public safety, issued a national series of natural gas pipeline recommendations involving compression couplings.

Following the lead of the Railroad Commission of Texas (RRC), the U.S. Department of Transportation (DOT) this week, in the interest of public safety, issued a national series of natural gas pipeline recommendations involving compression couplings.

The most recent of an extended series of quick-hitting blasts of arctic air that has made a shambles of forecasts for a warmer-than-normal February created abundant heating load for Wednesday in northern market areas. The result was cash price gains across the board Tuesday. The return of industrial load from a holiday weekend absence also was a bullish factor.

Colorado unveiled a proposed new set of guidelines for oil and natural gas production in the state in a series of stakeholder meetings last Tuesday in Denver, drawing questions and concerns from the industry. The proposal won’t be posted on the Colorado Oil & Gas Conservation Commission’s (O&G commission) website until Dec. 14 to allow some initial feedback from stakeholders to be included. The deadline for finalizing the new rules is July 1 next year.