Free Republic

In the second article of this series, we examined the second of the top three promising U.S. LNG (liquefied natural gas) exporters, Dominion Resources (D), that could benefit from the rising demand for LNG. Today, I will discuss about the top LNG exporter making business with natural gas (UNG) that could very much profit from the vast potential offered by the natural gas boom in the U.S. To see my article on this opportunity, click here... Cheniere Energy (LNG)

Secretary of the Interior Ken Salazar announced that the Central Gulf of Mexico Oil and Gas Lease Sale 208, held today in New Orleans, attracted $703,048,523 in high bids. The sale was conducted by Interior's Minerals Management Service (MMS) and had 70 companies submitting 476 bids on 348 tracts comprising over 1.9 million acres offshore Louisiana, Mississippi and Alabama. The sum of all bids received totaled $ 933,649,315. "Today's lease sale will help us make a wise addition to our nation's energy supply," said Interior Secretary Ken Salazar. "The responsible energy development resulting from today's sale will be a part...

For education and discussion only. Not for commercial use. NEW YORK (Reuters) - Some El Paso Corp. (NYSE:EP - news) employees may knowingly have used incorrect estimates to boost proven natural gas reserves over five years, the natural gas pipeline operator said on Monday. An independent review, which the Houston-based natural gas pipeline operator launched after it slashed its proven natural gas reserves by 41 percent in February, also found that some El Paso employees used methods that were aggressive and unsupportable, or inconsistent with guidelines, to book proven reserves. El Paso's move to slash its reserves came just weeks...