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Physical gas for weekend and Monday delivery was mostly flat in Friday's trading with modest gains posted in the Rockies and Midcontinent. However, the real story could be found in the northeast, where large drops were recoreded for a second straight trading day.
New Mexico Environmental Law Center attorneys have gone to the state's appeals court seeking to overturn a decision by appointees of Gov. Susana Martinez to roll back a climate change law opposed by the oil/gas industry. The law was passed two years ago in a Democratic administration before Martinez, a Republican, took office.
Houston-based operators Contango Oil & Gas Co. and Crimson Exploration Inc. have agreed to merge in an all-stock transaction that would create a company with prospects in the Gulf of Mexico's (GOM) shallow water, as well as unconventional acreage in the United States and Canada.
A seven-year civil war in the Alberta energy industry ended with a provincial decision that affirms that natural gas producers must give up 917 gas wells capable of producing 120 MMcf/d because the wells threaten future oilsands development.
Calgary-based AltaGas Ltd. and Japan's Idemitsu Kosan Co. Ltd. have formed a joint venture to pursue deals to export liquefied Canadian gas to Asian markets, including the development of natural gas liquefaction facilities.