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Unconventional natural gas production in the Lower 48 states — most notably coal-bed methane supply — is expected to account for more than one-third of all U.S. gas production by 2025, the Energy Information Administration (EIA) said last week.

Unconventional natural gas production in the Lower 48 states — most notably coal-bed methane supply — is expected to account for more than one-third of all U.S. gas production by 2025, according to the Energy Information Administration (EIA).

ANR Pipeline locked in a stable source of income for the next eight years by renegotiating firm transportation and storage agreements with its largest customer, Wisconsin utility We Energies, covering 866,500 Dth/d of service starting in 2003 and extending under various terms to 2010. Many of the contracts were due to expire in 2003.

ANR Pipeline locked in a stable source of income for the next eight years by renegotiating firm transportation and storage agreements with its largest customer, Wisconsin utility We Energies, covering 866,500 Dth/d of service starting in 2003 and extending under various terms to 2010. Many of the contracts were due to expire in 2003.

With its known Alaska oil and natural gas reserves approaching 7 billion boe — its largest single source in its global portfolio, BP plc will be a major player on the North Slope for at least 40 years and most likely, longer, the company’s Alaska chief affirmed this week.

Prices went another few cents higher for no apparent reason yesterday. Most of Thursday’s advances ranged from a couple of cents to about a dime, but Malin, intra-Alberta and several Rockies/Pacific Northwest points tended to see larger upticks.

A Houston-based source characterized the situation: “People just have no idea where this market is going to settle.” That was telling it like it is Friday, as the July aftermarket began substantially below first-of-month indexes and even further removed from end-of-June pricing.

A multi-year alliance will give Constellation Power Source the right to manage the Texas power resource needs for TNP Enterprises Inc.’s Texas-New Mexico Power Co. (TNMP) and First Choice Power under an agreement announced Wednesday. The Constellation Energy Group unit will manage about 1,100 MW under an agreement made through a competitive selection process begun by TNP last October. No financial details were disclosed.

As one source had predicted, it didn’t take long for the spot pricerecord to be broken again (see Daily GPI, Dec. 7). Despite softness at nearly allother points, the Southern California border kept zooming higherThursday to lift the price bar again to a peak of $53. “Now that’swhat I call breaking a record!” exclaimed a marketer, noting that itexceeded Wednesday’s previous record of $41 by a full $12.