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Energen Corp. management said the first quarter of 2013 was “both encouraging and challenging” as test wells in the Third Bone Spring and Wolfberry formations of the Permian Basin performed well, but cold weather and interference issues worked against the company as profits fell slightly.

A surprise increase in natural gas prices could allow Cabot Oil & Gas Corp. to deploy a sixth drilling rig in the Marcellus Shale by the fall, helping the company accelerate its plans for pad drilling and move more primary term acreage into production.

Crude oil from the Bakken Shale will be Delaware-bound under an agreement between leading Bakken producer Continental Resources Inc. and PBF Energy Inc. Crude is to be delivered by rail to PBF’s double-loop track at its refinery in Delaware City.

Warm-ups are under way for a swarm of environmental protests if TransCanada Corp. gains industry support to advance its Energy East Pipeline proposal to convert part of its natural gas Mainline to oil service.

Midstates Petroleum Co. Inc. is buying producing properties, as well as developed and undeveloped acreage, in the Anadarko Basin in Texas and Oklahoma for $620 million in cash from Panther Energy LLC and its partners Red Willow Mid-Continent LLC and Linn Energy Holdings LLC.

Dominion announced Monday that it has fully subscribed the marketed capacity of its proposed export liquefaction facility under 20-year terminal service agreements.

Construction is under way on Intercontinental Terminals Co. LLC’s (ITC) new bulk liquids terminal on the Houston Ship Channel, which will provide storage and handling for petrochemicals and petroleum products as well as petrochemical gases and natural gas liquids (NGL). ITC, a unit of Mitsui & Co. (U.S.A.) Inc., has been operating on the channel since 1972 and owns and operates a 12.8 million bbl liquid bulk terminal facility in Deer Park, TX. The greenfield terminal is in Pasadena, TX, on the south side of the channel. Start up of operations is expected during the second quarter of 2015 with 10 tanks of 100,000 bbl each. The terminal will have two deep-water ship docks and four barge docks capable of handling large oceangoing tankers as well as inland barges. Multiple product pipelines are adjacent to or near the new terminal, which will also have rail and truck facilities.

Colorado state energy officials Thursday night said a hydrocarbon spill in the Parachute Creek area of the Western Slope was essentially under control and there was no apparent impact on the creek, Todd Hartman, a Colorado Oil Gas Conservation Commission (OGCC) spokesman told NGI.

Global efforts for the first time are under way to influence a shift toward low-carbon energy sources and to renewables, but the transition would create new challenges unlike any other in history, according to a report issued Tuesday at IHS CERAWeek 2013 in Houston.