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The House Resources Committee on Wednesday voted out follow-up energy legislation that sets the stage for more exploration and production on federal onshore and offshore lands, with a focus on natural gas-directed leasing on the Outer Continental Shelf (OCS), and it would relax environmental regulations to encourage more production and construction of energy facilities.

It must have been cold somewhere in the East on at least one day last month. That was the day that Williams’ Transco pipeline established a peak day delivery record of 8.73 million dekatherms.

The California Public Utilities Commission (CPUC) last week granted the state’s major utilities the authority to turn back interstate pipeline capacity under expiring long-term agreements, reconfigure their capacity holdings and diversify their supply sources with more gas from the Rocky Mountain region and from proposed liquefied natural gas (LNG) import terminals.

Marking his one-year anniversary as CEO of El Paso Corp., Doug Foshee said last week that the company is “well down the road on fundamentals,” and today is focusing on its strategic natural gas pipeline franchise and revamped exploration and production (E&P) unit.

Marking his one-year anniversary as CEO of El Paso Corp., Doug Foshee said Tuesday that the company is “well down the road on fundamentals,” and today is focusing on its strategic natural gas pipeline franchise and revamped exploration and production (E&P) unit.

The California Public Utility Commission (CPUC) Thursday granted the state’s major utilities the authority to turn back interstate pipeline capacity under expiring long-term agreements and to reconfigure their capacity holdings, potentially with more capacity on pipelines transporting less expensive supplies from the Rocky Mountain region and from proposed liquefied natural gas (LNG) import terminals in the state and in Mexico.

Oklahoma City-based Chesapeake Energy Corp. last week said it will add 310 Bcfe of estimated proved reserves, 453 Bcfe of estimated probable and possible reserves and 60 MMcfe/d of production through three new acquisitions in the MidContinent and South Texas.

Oklahoma City-based Chesapeake Energy Corp.’s natural gas and oil production grew at a record pace in the second quarter, 29% over a year ago and 10% sequentially, the company reported Monday. The growth is expected to be even stronger in the coming months after Chesapeake announced it would add 310 Bcfe of estimated proved reserves, 453 Bcfe of estimated probable and possible reserves and 60 MMcfe/d of production through three new acquisitions in the MidContinent and South Texas. For the second quarter, Chesapeake generated net income of $85.8 million (31 cents/per diluted common share), compared with $76.3 million (31 cents) in 2Q2003. Analysts had forecast Chesapeake would earn 29 cents/share.

As private and public sector utilities scrambled to adjust power flows around transmission corridors threatened by a series of brush fires in Southern California last week, the California Independent System Operator (CAISO) reported a peak demand record for the third straight day on Wednesday, hitting 44,360 MW.