Cabot Oil & Gas Corp. (NYSE: COG) announced a new Joint Venture with Williams Partners L.P. (NYSE: WPZ) to develop and construct a large diameter pipeline, specifically designed to transport Cabot's Marcellus production to both the New England and New York markets.

With natural gas prices bouncing around between $3 and $5 for the past couple of years, many pundits thought it had found its floor in this cycle, with nowhere to go but up.

Little Pine Resources has retained Energy Spectrum Advisors Inc. to sell certain leasehold in the Marcellus Shale fairway.

Noble Energy, Inc. announced its 2012 capital program and provided guidance for the year. Total capital expenditures are estimated at $3.5 billion for the year.

Noble Energy, Inc. reported a fourth quarter 2011 net loss of $296 million, or $1.67 per share diluted, on revenues of $985 million. Results for the quarter included an asset impairment charge and an unrealized commodity derivatives loss.

2011 U.S. Oil & Gas Deals Highlighted By Shale Plays, Foreign Investment, and Robust Private Equity Interest as Total Deal Value Increases 35%, According to PwC US.

BP's new report states that the Marcellus shale could shift the entire natural gas market.

WPX Energy is forecasting up to $1.2 billion in capital spending for 2012 and full-year EBITDAX of approximately $1.2 billion. A definition of EBITDAX is included at the end of this news release.

WPX Energy announced that its total proved reserves as of Dec. 31, 2011, increased to a company high of nearly 5.3 trillion cubic feet equivalent – up approximately 9 percent vs. 2010.

The following is a statement from Paul M. King, president of the Pennsylvania Environmental Council:

Williams Partners L.P. is seeking binding commitments for the remain TGS has commenced acquisition of the Bucklin multi-client 3D onshore survey in the United States.

National Fuel Gas Company announced consolidated earnings for the first quarter of its 2012 fiscal year (the quarter ended December 31, 2011).

Dawson Geophysical Company reported revenues of $92,382,000 for the quarter-ended December 31, 2011, the Company's first quarter of fiscal 2012, compared to $72,653,000 for the same quarter in fiscal 2011, an increase of 27 percent.

MarkWest Energy Partners, L.P. announced expansion plans for the Marcellus and Utica shales that include more than 600 million cubic feet per day (MMcf/d) of additional processing capacity and 140,000 barrels per day (Bbl/d) of incremental fractionation capacity.

Magnum Hunter Resources Corporation  announced an operational update on each of the Company's three upstream unconventional resource plays for the fourth quarter of 2011 which include the Eagle Ford Shale, the Williston Basin, and  the Appalachia/Marcellus/Utica Shale.

Chevron Corporation reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 fourth quarter.

Dominion announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the 12 months ended Dec. 31, 2011, of $1.41 billion ($2.45 per share), compared with reported earnings of $2.81 billion ($4.76 per share) for the same period in 2010.

The Marcellus and Utica shales have had strong impacts on natural gas processing in the state of Pennsylvania.

Petroleum Development Corporation reported 2011 key operating results including production and year-end reserves, and provided 2012 capital budget details and production estimates.

EQT Corporation announced 2011 earnings of $479.8 million, 111% higher than the $227.7 million earned in 2010.

Cabot Oil & Gas Corporation announced that its Chairman, President and Chief Executive Officer, Dan O. Dinges, sent a letter to the United States Environmental Protection Agency (EPA) Administrator Lisa Jackson regarding the decision of the Agency to initiate a water sampling program in Dimock Township, Pennsylvania.

CONSOL Energy Inc., the leading diversified fuel producer in the Eastern United States, reported net income for the quarter ended December 31, 2011 of $196 million, or $0.85 per diluted share, compared to $104 million, or $0.46 per diluted share from the year-earlier quarter.

Stone Energy Corporation announced 2011 year-end estimated reserves, 2012 capital expenditure budget, and 2012 guidance ranges. Stone also provided an operational update.

Epsilon Energy Ltd. announced that net production from the JV with Chesapeake Energy Corporation ("Chesapeake") in Susquehanna County, PA, has reached 28 MMCF/D.