A circuit court judge recently overturned the ban on Marcellus shale gas drilling in Morgantown, West Virginia.

Vaalco Energy (EGY:NYSE) closed a definitive agreement on September 6 to purchase leasing rights to 23,000 acres in Montana from Magellan Petroleum. (MPET:NASDAQ)

Renegade Petroleum (RPL:TSXV) recently increased its credit line to C$80 million from C$65 million and shook up its management team by replacing its executive vice president of exploration.

The Canadian province of British Columbia recently declared that it will promote the liquefied natural gas industry as a means of giving a boost to the region.

Texas-based Range Resources (RRC:NYSE) recently challenged a drilling ordinance in a small Pennsylvania town in an attempt to get better access to the Marcellus shale.

Recently released Q3 results indicate that Canadian natural gas producer Progress Energy Resources (PRQ:TSX) generated cash flow per share (CFPS) of C$0.22 and produced an average of 42,937 barrels of oil equivalent per day.

Front-month natural gas futures for the U.S. fell to their lowest point in 11 months on September 22, then climbed slightly after the release of a report which showed that inventories increased slightly-less-than-expected.

Brokerage firm Wunderlich Securities began coverage of exploration and production company Sandridge Permian Trust (PER:NYSE) on September 20, providing the company with a Buy rating and a target share price of C$21.