Shares of Questar dropped over 8% on Thursday. Share prices of that company and others in the natural gas sector might have advanced faster than their ability to deliver gas. Their Haynesville and Bakken Shale properties have been featured in the news but most of the production can not be sold for a year or more. See more in an article by The Salt Lake Tribune.

CNX Gas Corporation reports drilling a successful well into the Chattanooga Shale and starting four more wells based upon the results. They have also leased about 235,000 acres above the Chattanooga Shale, mostly in Tennessee.

Kentucky USA Energy is drilling multiple wells in the New Albany Shale in the Illinois Basin of western Kentucky. They have gas production from several wells and are preparing a gas gathering system. More at Marketwatch.com.

Southwest Energy reported their second quarter 2008 results. Their production from the Fayetteville Shale increased from 200 MMcf per day in 2007 to 500 MMcf per day in 2008.

A transcript (MS Word File) of Aubrey McClendon, CEO of Chesapeake Energy, written testimony to the The Select Committee on Energy Independence & Global Warming – July 30, 2008. Also an article and short video at NewsOK.com.

CNX has reported the test results from their first Marcellus Shale gas well in southwestern Pennsylvania on their website. They encountered a flow of gas even before penetrating the Marcellus. An 80-hour open flow test yielded 1.2 MMcf per day for the completed vertical well.

CNX Gas reports a successful well in the Chattanooga Shale. This was a horizontal completion that opened with a test rate of 3.9 MMcf per day and sustained production of 300-400 Mcf per day.

The Arkansas Game and Fish Commission is leasing over 10,000 acres of mineral rights and 26,000 surface acres in Yell County and Van Buren County to Chesapeake Energy for about $29,000,000. More details about the transaction and the Game and Fish Commission’s decision to allow this at RedOrbit.com.

Superior Pipeline wants to build a gathering system to connect large numbers of Marcellus Shale natural gas wells with primary lines. They face many challenges, one of the more significant is right-of-way acquisition. More at JournalRecord.com.

A 500-mile, $1.34 billion natural gas pipeline connecting Fayetteville Gas Shale deposits and destinations in Texas, Oklahoma and Arkansas has been approved by federal regulators. Details about the pipeline can be found in the Houston Business Journal.

The Star-Telegram has a Barnett Shale rig report that list new rigs operating in the Barnett Shale natural gas field. This is a weekly publication of the Star-Telegram.

A group of property owners want the right to produce natural gas from the Marcellus Shale but a proposed gas storage facility in the Oriskany Sandstone is only 110 vertical feet away. Which one has priority? Article in the Daily American.

The Bossier City council has approved selling 3300 acres of mineral rights at auction on October 8th. Their starting bid is $27,500 per acre and a 25% share of the gas revenue. More at the ShreveportTimes.com website.

Chesapeake Energy has recently sold portions of its holdings on large tracts of natural gas shale leases. ArkansasBusiness.com reports that a Chinese firm is interested in their Fayetteville Shale leases.

A Shreveport Times article discusses the horizontal drilling method use to recover gas from the Haynesville Shale.