Natural Gas Intelligence summaries for Jul. 29, 2010

Publisher: Natural Gas Intelligence (Author: Natural Gas Intelligence)

VENEZUELA RIG SEIZURE DINGS HELMERICH & PAYNE RESULTS

But the contract driller is adding another nine rigs to its U.S. fleet as demand for "high-performance" units grows.

TEXAS PROPOSES NEW RULES TO CUT PRODUCTION EMISSIONS

Action responds to Barnett Shale complaints.

BARRETT, ENVIRONMENTAL GROUPS PRAISE TAVAPUTS DECISION

BLM issues win-win decision that allows natural gas drilling under historic Utah plateau.

SHELL'S U.S. GAS VOLUMES RISING

Gas production gains offset lower worldwide oil output in the second quarter.

AGL SEES PROMISE BEYOND 2Q EARNINGS DECLINE

Milestones passed during the second quarter should strengthen future performance, CEO says.

EPA UPHOLDS FINDING TO REGULATE GHG EMISSIONS UNDER CAA

Petitions "provided no evidence to undermine our determination," says EPA chief.

SHALE BOLSTERS PATTERSON-UTI'S OPERATING RIG COUNT

The company's average number of rigs operating in the United States has increased by 56 since December.

MARITIMES & NORTHEAST SEEKING COMPENSATION FROM SABLE PROJECT

The pipeline's biggest risk -- gas reserves -- turned out to be real.

EQT'S MARCELLUS: PRODUCTION UP, COSTS DOWN

Longer laterals, pad drilling aid economics.

DEBT RATINGS OF NGPL PARENT PLUNGE TO JUNK AFTER SETTLEMENT

Despite this, NGPL still has substantial assets in the Midwest.

SEPTEMBER CONTRACT SAGS AFTER 28 BCF INJECTION REPORT

Futures eased after the release of on-target natural gas storage data.

EXXONMOBIL ACCELERATES NORTH AMERICAN GAS OUTPUT

The producer is keeping XTO Energy Inc.'s former guidance for 10% production gains this year.

SENATE ENERGY BILL REVS UP GAS AS VEHICLE FUEL

Legislation is a template for a national gas transportation fueling network.

LEAN INVENTORY BUILD EXPECTED; SEPTEMBER CALLED 4 CENTS HIGHER

Futures are seen opening higher as September becomes the spot contract.

MOST POINTS UP A BIT; SOME MINOR SOFTNESS SEEN

Futures main cash booster; high temps rising slightly in parts of South but will fail to reach 90 in most areas.

TRADERS DISCOUNT OIL STATS, WEAK ECONOMIC DATA; AUGUST GAINS 9.9 CENTS

August futures expired higher as short-term traders look for prices to continue advancing.

ERNST & YOUNG: 'CONSIDERABLE UNCERTAINTY' FOR ENERGY INDUSTRY

Bright spots for the oil and gas sector emerged early in the year, but the Gulf of Mexico spill has led to "significant unknowns."

TENNESSEE TO TRANSPORT MORE MARCELLUS GAS

Cabot Oil & Gas Corp., Anadarko Energy Services Co. and Seneca Resources Corp. sign 15-year binding agreements.

ENBRIDGE PICKING UP OKLAHOMA-TEXAS ASSETS

The infrastructure bolts on to partnership's Anadarko system.

AGL, EL PASO TO PARTNER IN ONSHORE LNG VENTURE

LNG would be distributed to the heavy-duty transportation market under the JV agreement.

CONOCOPHILLIPS TO LIFT SPENDING IN EAGLE FORD SHALE

CEO Jim Mulva also sees possible opportunities in the deepwater Gulf of Mexico.

QUESTAR REPORTS HIGHER PROFITS, MINUS THE E&P SPIN-OFF

The company also remains enthusiastic about the growth in natural gas vehicles, says CEO.

FERC ENDS SECTION 5 PROCEEDING AGAINST GREAT LAKES

Appeal to reopen complaint proceeding against Northern Natural Gas still is pending.

ATLANTIC SEA ISLAND SHELVES PLANS FOR DEEPWATER LNG TERMINAL

The company indicated that it intends to return to the project when conditions improve.

LEGISLATION AIMS TO SPEED UP PERMITTING IN GULF

Bill proposes permit-by-permit approach to restrictions in the Gulf, rather than blanket moratorium.

SALAZAR DROPS IN ON GULF RIGS TO CHECK PROGRESS

He could be coming to your rig next.

INTRASTATE PIPE RUPTURES IN EAST TEXAS

Blast occurs in 36-inch diameter Oasis Pipeline.

A QUESTION FOR GAS INTERESTS: COAL'S STAYING POWER

Retirement of coal-fired generators would help soak up shale gas supplies, but how many plants will bow out?

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