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Related Articles 11/2/2009 FERC approves 2nd cost increase for phase 2 of Transco's Sentinel expansion 11/2/2009 AGA: Industry poised to serve growing market of low-carbon fuel requirements 11/2/2009 Gulf South gets OK to reduce maximum certificated capacity on Southeast Expansion

In the news

* The Wall Street Journal reports that Chesapeake Energy Corp.'s profit plummeted by 94% in the third quarter due to a sharp decline in wholesale natural gas prices.

* Quicksilver Resources Inc. sees gas production growing by double digits in 2010, according to the Star-Telegram of Fort Worth, Texas.

Glenn Darden, CEO of Quicksilver, said that his company's operations in the Barnett Shale "continue to perform very well, keeping us on track to achieve record volumes this year." The company's production in the play is on pace for an average of 325 MMcf/d in 2009. That average would be a record high for the company, as well as up 24% from 2008's average.

* In an op-ed piece in the Naples (Fla.) Daily News, energy tycoon T. Boone Pickens said gas could make the Sunshine State a cleaner place to be. He said the state could benefit from gas use through power generation as well as natural gas vehicles.

Oil will never again be cheap, and the United States is too dependent on it as a transportation fuel, Pickens wrote. "By beginning immediately to replace gasoline and diesel vehicles with NGVs we can jump-start an entirely new industrial sector, we can clean up the environment and we will be safer from the threat of disruptions of oil deliveries from suppliers who can sell their oil elsewhere," he said.

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AGA: Industry poised to serve growing market of low-carbon fuel requirements: As U.S. lawmakers debate climate change legislation, recently released natural gas data point to a fundamentally strong position in the United States for short- and long-term natural gas supply, according to the American Gas Association.

FERC approves 2nd cost increase for phase 2 of Transco's Sentinel expansion: FERC on Oct. 30 allowed Transcontinental Gas Pipe Line Co. LLC to revise for a second time the approved phase two initial recourse rates for services using the authorized incremental capacity on its Sentinel Expansion Project.

Gulf South gets OK to reduce maximum certificated capacity on Southeast Expansion: FERC on Oct. 30 granted Gulf South Pipeline Co. LP permission to amend a certificate granted to the company to build and operate an expansion project to reflect that the new facilities have a maximum capacity of 1.965 Bcf/d from Harrisville, Miss., to Transcontinental Gas Pipe Line Co. LLC's Station 85 in Choctaw County, Ala.

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