The Energy Policy Act of 2005 (EPAct), which was signed into law one year ago, has “permanently changed” FERC, making it for the first time an enforcement agency with real penalty authority, said Chairman Joseph Kelliher last Tuesday.
2005
Articles from 2005
FERC’s Kelliher: ‘We Are Now An Enforcement Agency’
The Energy Policy Act of 2005 (EPAct), which was signed into law one year ago, has “permanently changed” FERC, making it for the first time an enforcement agency with real penalty authority, said Chairman Joseph Kelliher Tuesday.
Columbia May Be First Pipe to Feel Pain of EPAct Penalties
FERC has yet to exercise its increased penalty authority under the Energy Policy Act of 2005 (EPAct), but Columbia Gulf Transmission could be the first company — at least on the natural gas side — assessed the tougher penalties, the director of FERC’s Office of Enforcement indicated last Tuesday.
Columbia May Be First Pipe to Feel Pain of EPAct Penalties
FERC has yet to exercise its increased penalty authority under the Energy Policy Act of 2005 (EPAct), but Columbia Gulf could be the first company — at least on the natural gas side — assessed the tougher penalties, the director of FERC’s Office of Enforcement indicated Tuesday.
Chesapeake Buying a Money Maker in the Barnett Shale
Chesapeake Energy Corp. is picking up 39,000 net acres of Barnett Shale leasehold in Johnson and Tarrant counties, Texas, 30 MMcfe/d of current production and $55 million worth of midstream assets in an $845 million cash deal with Four Sevens Oil Co. Ltd. and its partner Sinclair Oil Corp. Chesapeake also is spending $87 million to buy 28,000 net acres of leasehold in the same area from other sellers.
FERC Proposes Coordinated Federal, State Reviews of Gas Projects
FERC on Thursday issued a proposed rule that implements provisions of the Energy Policy Act of 2005 (EPAct) giving the Commission the authority to coordinate the schedule of other federal and state agencies in processing natural gas pipeline, liquefied natural gas and storage projects and to maintain a consolidated record of all agency decisions for use in judicial reviews.
Famous Fayetteville Bringing Fortune to Arkansas
Oil and gas companies are expected to spend about $3.8 billion between 2005 and 2008 on the Fayetteville Shale play in Arkansas, according to a University of Arkansas study.
Canadian Gas Resource Estimates Rise by 60 Tcf
Estimates of the original amount of conventional natural gas resources in Canada have increased by 60 Tcf, according to the Canadian Gas Potential Committee. In its latest report on Natural Gas Potential in Canada (2005), the committee estimated that there was 652 Tcf of conventional gas originally in place in Canada, up from a prior (2001) estimate of 592 Tcf. It also estimated that there is 227 Tcf of remaining marketable gas from conventional resources and another 11-45 Tcf of remaining marketable coalbed methane.
Allison: Natural Gas Volatility Within Historical Range
As the natural gas futures market dropped $9.330 cents from an all-time high of $15.780 in December 2005 to a low of $6.450 in March 2006, concerns from the mainstream media continue to grow that the market’s price swings might be attached to market manipulation.
AGL Resources’ Utilities Announce Widespread Customer Refunds, Rate Reductions
With natural gas futures prices dropping more than 50% from their Dec. 13, 2005 high of $15.78, utilities across the U.S. continue to announce refunds and rate reductions for customers — who are paying rates that were adopted during higher prices. Atlanta-based AGL Resources said Thursday that its residential utility customers from New Jersey to Florida will save nearly $45 million this year as a result of recent rate reductions or refunds at all five of its utility operating companies.