Sixth

Trans Energy Inc. has begun drilling its sixth horizontal well in Marshall County, WV, looking to further tap into the area’s Marcellus Shale gas, the independent exploration and production company said Monday.

There would be no resistance test of $5.192 for the sixth out of the last seven days on Tuesday as the July natural gas futures contract continued to probe the downside. After mustering a high of only $4.888 on the day, the prompt-month contract recorded a low of $4.691 before closing Tuesday’s regular session at $4.756, down 11.7 cents from Monday’s finish.

The week was officially crowned “weak” on Friday as cash market points across the United States slumped for the sixth consecutive day of trading. News of four developing storm systems in the tropics proved no match for the declines put in by September natural gas futures on the week.

Double Eagle Petroleum Co. saw total net production of about 750 MMcfe in August, an increase of 20% from July and 186% from August 2007, the company said Thursday. It was the sixth consecutive month the company has achieved record production results.

In its sixth report to Congress, FERC said there has been “substantial progress towards development” of an Alaska natural gas pipeline since it last submitted a report earlier this year.

Double Eagle Petroleum Co. saw total net production of about 750 MMcfe in August, an increase of 20% from July and 186% from August 2007, the company said Thursday. It was the sixth consecutive month the company has achieved record production results.

After banging on the psychological $8 resistance price level over the previous five sessions to no avail, the sixth attempt proved to be the charm as February natural gas futures punched upward to a $8.180 high before closing Wednesday’s regular session at $8.099, good for a 13.2-cent gain on the day.

January natural gas futures settled lower for a sixth consecutive regular session on Tuesday as isolated near-term cold would appear to be no match for warmer-than-normal winter temperature forecasts, more than comfortable natural gas storage levels and significant weakness in neighboring crude futures. January natural gas reached a low of $7.080 before closing Tuesday at $7.155, down 5.9 cents from Monday.

Florida Gas Transmission tightened the tolerance for negative daily imbalances from 20% to 15% in extending an Overage Alert Day for market-area customers into its sixth day Thursday.