Weighted

El Paso Corp. pumped up its production in 2007 and built its total natural gas-weighted proved reserves base to 3.1 Tcfe, the company said Wednesday.

Standard & Poor’s Ratings Services (S&P) is casting a wary eye on gas-weighted North American producers with low-speculative-grade ratings. Such firms could face downgrades if gas prices fall below $6.50/Mcf, S&P warned in a note last week, but it conceded that gas prices should see support from fundamentals.

Standard & Poor’s Ratings Services (S&P) is casting a wary eye on gas-weighted North American producers with low-speculative-grade ratings. Such firms could face downgrades if gas prices fall below $6.50/Mcf, S&P warned in a note Monday, but it conceded that gas prices should see support in the near term.

As predicted, the latest spate of cold weather is proving to be short-lived, resulting in mixed price movement Thursday that was slightly weighted to the downside. Many points were less than a nickel up or down from flat.

Range Resources Inc., which is 82% weighted to natural gas, last year built its proven reserves base in the United States by 27% to 2.2 Tcfe, driven by strong growth in the Marcellus and Barnett shales.

Range Resources Inc., which is 82% weighted to natural gas, last year built its proven reserves base by 27% to 2.2 Tcfe, driven by strong growth in the Marcellus and Barnett shales.

Onshore operator Edge Petroleum Corp., which is 86% weighted to natural gas, is on the market, looking for a buyer or a merger deal.

Onshore operator Edge Petroleum Corp., which is 86% weighted to natural gas, has put itself on the market, looking for a buyer or a merger deal.

The CEO of Linn Energy LLC said last week he’s still bullish on natural gas for the long-term and on the prowl for more gas-weighted acquisitions.