Alex Steis

CME Group has reached a settlement with Nymex member David Kotz over alleged position limits violations from September 2011 in Henry Hub natural gas futures contracts. Under the settlement Kotz neither admitted nor denied fault. A panel of the Nymex business conduct committee found that on Sept. 27, 2011, Kotz maintained an intraday open futures…

Looking to facilitate local natural gas service to homes and businesses in southern New York and northern Pennsylvania that have never had the option before, Constitution Pipeline Co. LLC and Leatherstocking Gas Co. LLC announced plans this week to install four delivery taps along Constitution's proposed pipeline route. Gas could flow to these targeted municipalities by late 2015.

Responding to House Ways and Means Committee Chair Dave Camp’s (R-MI) tax reform proposal released Wednesday, an oil and gas group said that while they support some provisions, there are others that could negatively impact producers, royalty owners and the country’s ability to keep up with domestic oil and gas demand.

Physical natural gas values for Tuesday delivery saw mixed results Monday as declines dominated the Gulf Coast, Midcontinent, Rockies and the West, while the Midwest, East and Northeast saw their fair share of gains and losses. The real action on the day was occurring in the futures arena, where whiplash-inducing volatility continued its recent run. The March contract plunged 69 cents to $5.445 and the April contract shed 39.2 cents to $4.620. April crude oil added 62 cents to $102.82/bbl.

Looking to wrestle control of oil and natural gas development policing from the federal government, governors from 12 producing states have thrown their weight behind the States First Initiative, which is aimed at supporting and enhancing the role of the states as the primary and appropriate regulators.

Taking his State of the Union (SOTU) message from last month on the road, President Obama visited a Safeway distribution center in Upper Marlboro, MD, where he called on the Environmental Protection Agency and the U.S. Department of Transportation to develop fuel-efficiency and greenhouse gas standards for trucks and other heavier vehicles by March 2016.

Eagle Ford Shale crude oil producers now have a new option for transportation as NuStar Energy LP has completed construction of its private marine loading dock at its North Beach Terminal in Corpus Christi, TX, and has its first ship at the dock to be loaded with crude oil.

The Canadian Association of Petroleum Producers (CAPP) said Wednesday it supports federal budget measures announced Tuesday to grow Canada’s skilled trades workforce, noting that hundreds of thousands of workers will be needed to support the country’s growing oil and natural gas sector.

The U.S. Environmental Protection Agency (EPA) on Tuesday released revised underground injection control (UIC) program permitting guidance for wells that use diesel fuels during fracking activities.