Solid

El Paso Corp., which has doubled its natural gas pipeline backlog from a year ago with eight projects on the drawing board, delivered a solid quarterly report on Wednesday, with profit rising 22% from a year ago.

El Paso Corp. Thursday said it is on track to post “sharply higher” full-year earnings than originally forecast following a solid quarterly performance from its natural gas pipeline and exploration businesses.

El Paso Corp. said it is on track to post “sharply higher” full-year earnings than originally forecast following a solid quarterly performance from its natural gas pipeline and exploration businesses. The company also remains “optimistic” about its Ruby Pipeline project, which would carry Rocky Mountain gas to the West Coast, but it is “not committed yet,” the pipeline chief said Thursday.

EOG Resources Inc. delivered another solid quarter, with domestic natural gas production up 19% from the same period a year ago, driven by continuing success in the Barnett Shale and along the Upper Gulf Coast. The Houston-based producer is on track to deliver 15% total production growth in 2008, and yet another gas discovery — this one in the Atoka Formation in the Midcontinent — may hold 400 Bcf of potential.

EOG Resources Inc. delivered another solid quarter, with domestic natural gas production up 19% from the same period a year ago — driven by continuing success in the Barnett Shale and along the Upper Gulf Coast. The Houston-based producer is on track to deliver 15% total production growth in 2008, and yet another gas discovery — this one in the Atoka Formation in the Midcontinent — may hold 400 Bcf of potential.

The North American natural gas sector remains solid, and the economic problems cutting across the United States are unlikely to have much of an effect on the sector in the near term, according to Moody’s Investors Service.

The North American natural gas sector remains solid, and the economic problems cutting across the United States are unlikely to have much of an effect on the sector in the near term, according to Moody’s Investors Service.

With a trio of solid results from unconventional natural gas plays in Cutbank Ridge, Jonah and East Texas — and coalbed methane (CBM) joining in — EnCana Corp. delivered a chorus of good news for both its earnings and production in the final three months of 2007.

With its focus now trained exclusively on North American unconventional natural gas and integrated oil resources, EnCana Corp. delivered a solid earnings report for the final three months of 2007 with a 63% gain to net profit.