Surpassed

With physical sales of 30.3 Bcf/d in 2Q2008, BP plc easily surpassed all other companies in NGI’s latest survey of North America’s natural gas traders. However, the real news looking forward is just how many 2Q2008 marketers might be absent from the 3Q2008 version of the survey.

Utah’s natural gas production surpassed the 1 Bcf/d mark in 2007, up 8% or almost 79,500 Mcf/d from 2006, the state’s Department of Natural Resources (DNR) reported last week.

Utah’s natural gas production surpassed the 1 Bcf/d mark in 2007, up 8% or almost 79,500 Mcf/d from 2006, according to the state’s Department of Natural Resources (DNR).

Devon Energy Corp.’s net Barnett Shale production surpassed the magic number of 1 Bcfe/d in April, a milestone achieved 21 months ahead of the company’s original target date.

Devon Energy Corp.’s net Barnett Shale production surpassed the magic number of 1 Bcfe/d in April, a milestone achieved 21 months ahead of the company’s original target date.

Imports of liquefied natural gas (LNG) into the United States so far this month have surpassed the previous monthly record set more than 2 years ago, according to a report from Pan EurAsian Enterprises.

Benefiting from a rise in oil prices and the ramp-up of facilities damaged by hurricanes last year, Chevron Corp. on Friday surpassed Wall Street estimates with a 40% jump in third-quarter profit compared with the same period a year ago. Leading independent Chesapeake Energy Corp., meanwhile, managed to outsmart the natural gas market by successfully hedging against falling prices, while also boosting its U.S.-based gas production.

ANR Pipeline Co. on Monday said bids for 17 Bcf of capacity have been awarded for Phase I of a storage enhancement project in Michigan, which surpassed its target of 13 Bcf. The El Paso Corp. subsidiary is expanding existing storage fields and developing new fields, all in Michigan, under a plan unveiled last November (see Daily GPI, Nov. 17, 2005).

Canada has far and away surpassed 2001’s record level of natural gas well completions, but the unprecedented number has only modestly increased overall production, according to a report by Dallas-based Southwest Securities.