A subsidiary of CenterPoint Energy Inc. (CNP) and NextEra US Gas Assets LLC, an affiliate of FPL Group Inc. (FPL) signed an agreement to explore the construction of a pipeline in north Louisiana. The new pipeline will transport natural gas from the Haynesville Shale area. The expected capacity of the potential new pipeline is up to 2.0 billion cubic feet per day. The pipeline would connect Haynesville Shale natural gas production to markets in north Louisiana and CenterPoint Energy's Perryville Hub. The companies announced that an open season will be held to gauge market interest in the proposed new pipeline. With the development of the new pipeline, CenterPoint and FPL Group expect to enhance the existing infrastructure in the rapidly expanding Haynesville Shale area. Gas production in north Louisiana, including the rapidly developing Haynesville Shale, remains robust. The new pipeline would assist producers with ...

EnCana Corporation (ECA) – a major Canadian oil and gas exploration and production (E&P) company – reported weak third quarter results, hit by lower prices and volumes. Operating earnings per share, excluding hedging and foreign exchange effects, came in at $1.03. This fell short of the Zacks Consensus Estimate of $1.11 and way behind the year-ago profit of $1.92.  Revenues were down 64.2% year over year to $3.9 billion. During the quarter, total production was down 7.0% to 4,387 million cubic feet equivalent per day (MMcfe/d), of which 81% was natural gas. Natural gas production decreased roughly 9.3% year-over-year to 3,551 million cubic feet per day (MMcf/d), while oil and natural gas liquids (NGLs) production was up 3.7% to 139 thousand barrels per day (MBbls/d).  Key Resource Plays  Production of natural gas from key resource plays was down approximately 6.5% year-over-year to 3,410 MMcfe/d, primarily ...

Headquartered in Calgary, Alberta, American Exploration has developed a solid and experienced management team with the mission to exploit oil and gas opportunities that remain undeveloped. The young company took a major step towards enhancing their future with the addition of Guggenheim Energy Opportunities to drill and develop the Haynesville acreage in Mississippi.

Guggenheim now joins forces with American Exploration and Mainland Resources, which was previously aligned with American, for the Haynesville Project. American and Mainland pooled their mineral leases, collectively totaling 13,225 acres. Guggenheim joins Mainland with an 8 percent working interest in the drilling and development of this project.

When asked what the addition of Guggenheim will mean to American Exploration, Company President and CEO Steve Harding was quoted as saying, “Guggenheim brings a great deal of technical depth and experience into the project and we look forward to working closely with their experienced principals. They have

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Oil and natural gas firm Comstock Resources Inc. (CRK) reported weaker-than-expected third quarter results as low commodity prices more than offset the rise in production volumes. Loss from continuing operations came in at 28 cents per share, 2 cents wider than the Zacks Consensus Estimate of 26 cents. In the year-ago period, the company earned $1.18 per share. Oil and gas sales were down 58.8% year-over-year to $67.4 million.  Volume Growth  The company’s operational performance during the quarter continued to reflect the success of its enhanced onshore drilling programs and property acquisitions, resulting in quarterly volume growth of 13.2% year-over-year to 17.0 billion cubic feet equivalent (Bcfe), of which 94% was natural gas. Production in the East Texas/North Louisiana operating region increased 33.7% to 10.7 Bcfe, while production from the South Texas properties came in at 5.0 Bcfe, an approximately 6.7% decrease from the year-earlier level. ...

GMX Resources Inc. (GMXR) recently agreed to sell a 40% interest in its gas gathering and compression business to Kinder Morgan Energy Partners L.P. (KMP) for $36 million. The closing of the transaction is subject to customary closing conditions and is expected to conclude in early November. This transaction will fund GMX’s addition of a second rig to the Haynesville/Bossier Shale horizontal drilling program. The salt water disposal assets and other poly pipelines will not be part of the transaction and will continue to be wholly owned by Endeavor Pipeline Inc., a wholly owned subsidiary of GMX Resources. The gas gathering and compression business provides gathering services to the company in its Cotton Valley Sands and Haynesville/Bossier Shale horizontal developments in East Texas. It will provide funding for future infrastructure needs to support GMX's anticipated production growth. Separately, GMX said its second FlexRig 3 ...

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Southwest Airlines (NYSE: LUV) and ITA Software, Inc., the leader in developing innovative solutions for the travel industry, today announced advanced capabilities that support Southwest’s website enhancements and allows the airline to further extend the capabilities of southwest.com moving forward. Southwest selected ITA’s QPX(TM) system to support its recent website updates, making it even easier for customers to take advantage of the airline’s industry-leading low fares.

Midcontinent Express Pipeline (MEP) has received authorization from the Pipelines Hazardous

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Yesterday, oil and natural gas firm Comstock Resources Inc. (CRK) provided an operational update about its recently completed third quarter.  Average production was up 9% sequentially to about 184 million cubic feet equivalent per day (MMcfe/d), reflecting the success of Comstock’s enhanced onshore drilling programs. The company drilled a total of 9 wells during the quarter, with a 100% success rate.  This year, Comstock’s drilling programs are focused on developing its Haynesville shale properties in East Texas and North Louisiana . As part of that effort, the company drilled 7 successful wells in DeSoto Parish , North Louisiana during the third quarter (3 wells are in Toledo Bend North field, 3 in the Logansport field and one is in the Mansfield field), which had an average per well initial production rate of approximately 15.6 MMcfe/d. These results were up 23% from the 7 wells that were reported ...

EnCana Corporation (ECA) has recently said that a significant exposure to the Horn River shale play (in a remote corner of northern British Columbia) should add substantial value to the company in the future. This shale play could hold as much as 500 trillion cubic feet (Tcf) of natural gas. The Horn River shale play ranks among the largest gas finds in North America as exploration in the region firms up its potential. It is the third largest shale play after Marcellus and Haynesville, having 1,500 Tcf and 717 Tcf of gas, respectively. With partners such as Apache Corporation (APA), EOG Resources (EOG) and Devon Energy Corporation (DVN), the Horn River shale play has revolutionized North America’s natural gas industry. EnCana has built considerable land positions in different emerging shale plays, which add significant depth to its strong portfolio of natural gas ...

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Teradata Corporation (NYSE: TDC), the world’s largest company solely focused on data warehousing and enterprise analytics, today reported revenue of $421 million for the quarter ended June 30, 2009, a decrease of 7 percent from $455 million in the second quarter of 2008. Revenue decreased 2 percent from the second quarter of 2008, when adjusted for 5 percentage points of negative impact from currency fluctuation.

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today reported net income attributable to NASDAQ OMX of $69 million, or $0.33 per diluted share, for the second quarter of 2009 compared with net income attributable to NASDAQ

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Today’s guest is David Galland, the managing director of Casey Research. David’s going to give us a look through the trained eyes of the Casey Researchers at the energy sector, more specifically, natural gas. So take a look and see why David thinks cheap doesn’t always mean buy. As always, be sure to leave us a comment on your energy strategies.

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At the height of its late 2005 rally, natural gas in the U.S. was selling for just over $16/MMBtu, 350% higher than today’s price of $3.56. The oil/gas ratio, now over 18, is an all-time high… suggesting that natural gas is dirt cheap. So, it’s a buy, right?

In a phrase, not exactly.

According to a recent report by Natural Gas Intelligence, U.S. natural gas available for production “has jumped 58% in the past four years, driven by improved drilling techniques and the discovery

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