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The overall cash market added just under a dime on average as forecasts for warmer temperatures, pipeline restrictions and higher power prices at eastern points paved the way for well-bid cash trading. Rocky Mountain quotes were firm as well. At the close of trading July futures fell 2.8 cents to $3.800 and August was off 2.7 cents to $3.821. July crude oil eased 26 cents to $95.77/bbl.

The Western European gas market would receive liquefied natural gas (LNG) from the Goldboro LNG project in Guysborough, Nova Scotia (NS) under a long-term sales agreement struck by terminal developer Pieridae Energy (Canada) Ltd. and E.ON Global Commodities SE (EGC), a unit of E.ON SE, one of the world’s largest investor-owned power and gas companies.

Interior Secretary Sally Jewell told a Senate panel Thursday that the public comment period on the proposed hydraulic fracturing (fracking) rule would be extended by 60 days, giving producers, state regulators and environmentalists a total of 90 days to pore over the 171-page document.

Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.

Under a five-year memorandum of understanding (MOU), Sandia National Laboratories and SRI International have partnered to explore, test and evaluate a range of hydrogen and natural gas fuel systems and components for transportation. The MOU is the first agreement in Sandia’s new Center for Infrastructure Research and Innovation (CIRI), an alternative fuel research facility whose goal is to accelerate hydrogen and natural gas infrastructure technologies. The collaboration also will capitalize on research at Sandia’s Combustion Research Facility (CRF). CIRI will be located at Sandia’s Livermore Valley Open Campus, adjacent to the CRF.

The Western European gas market would receive liquefied natural gas (LNG) from the Goldboro LNG project in Guysborough, Nova Scotia (NS) under a long-term sales agreement struck by terminal developer Pieridae Energy (Canada) Ltd. and E.ON Global Commodities SE (EGC), a unit of E.ON SE, one of the world’s largest investor-owned power and gas companies.

Sharply lower natural gas prices year/year in 2012, used under required 12-month average price tests, resulted in significant negative revisions for many domestic gas- and liquids-weighted producers, which rendered some current projects uneconomic and pushed a boat load of proved undeveloped reserves (PUD) out of the five-year development window, according to an analysis by Fitch Ratings.

Sharply lower natural gas prices in 2012 from 2011, used under required 12-month average price tests, resulted in significant negative revisions for many domestic gas- and liquids-weighted producers, rendering some current projects uneconomic and pushing a boat load of proved undeveloped reserves (PUD) out of the five-year development window, according to an analysis by Fitch Ratings.

With flaring of wellhead associated natural gas still hovering around 30%, state officials in North Dakota welcome the proposed new natural gas pipeline from the Bakken to Minnesota by a unit of Bismarck-based MDU Resources Inc., and the governor has pledged support for the pipeline’s development.