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While oversupply and pricing issues continue to be problematic, it is premature to write off natural gas liquids (NGL) with the prospect that increased U.S. natural gas exports would help bolster NGL trade, an equity research team at Wells Fargo Securities LLC said after meeting with two Houston-based NGL companies.

Weak natural gas prices forced Devon Energy Corp. to write down almost $900 million in the value of its assets in the fourth quarter, the Oklahoma City-based operator said Wednesday.

Weak natural gas prices forced Devon Energy Corp. to write down almost $900 million in the value of its assets in the fourth quarter, the Oklahoma City-based operator said Wednesday.

There are billions of dollars worth of assets on the market and “plenty of money” available to Dallas-based Exco Resources Inc. as it pursues several potential acquisitions in the gas market, Exco Resources Inc. CEO Doug Miller said during a conference call with analysts Wednesday.

Natural gas production is continuing to take a back seat to crude oil and natural gas liquids (NGL) production from the Eagle Ford Shale at Houston-based EOG Resources Inc.

The New York Independent Oil and Gas Association (IOGA) is seeking petition signatures from pro-gas drilling New Yorkers and asking them to write elected officials in support of the “tremendous economic development opportunity” offered by natural gas exploration and production in the state.

The New York Independent Oil and Gas Association (IOGA) is seeking petition signatures from pro-gas drilling New Yorkers and asking them to write elected officials in support of the “tremendous economic development opportunity” offered by natural gas exploration and production in the state.

Energy analysts have begun to write off any hope for natural gas prices moving higher this year, but some see signs of recovery by early 2010.

Arizona Corporation Commission (ACC) regulators are planning to write to the federal Department of Energy (DOE) to oppose the concept of federally designated electricity transmission corridors. The ACC is poised to take a position different from neighboring regulators in California who once opposed the concept but now support it.