A proposed severance tax on natural gas drilling in Pennsylvania may be dead this year, but the issue could return during the 2011 legislative session and it lives on in the campaigns of the candidates for governor. With Democratic Gov. Ed Rendell leaving office in January and the makeup of the state’s currently Democrat-dominated House and Republican-dominated Senate likely to change with the Nov. 2 election, Pennsylvania’s Marcellus policies could be looking at a facelift next year.
2011
Articles from 2011
Schlumberger CEO: Higher Gas Demand Needed to Keep Drilling Pace
The move by U.S. explorers to oil plays, and by implication, the oilfield services business, will buoy Schlumberger Ltd. into 2011, but higher natural gas demand will be required to keep up the pace in North American natural gas drilling “beyond a certain point in time,” CEO Andrew Gould said Friday.
October 25, 2010
Schlumberger CEO: Gas Demand Needed to Keep Drilling Pace
The move by U.S. explorers to oil plays, and by implication, the oilfield services business, will buoy Schlumberger Ltd. into 2011, but higher natural gas demand is required to keep up the pace in North American natural gas drilling “beyond a certain point in time,” CEO Andrew Gould said Friday.
October 25, 2010
People
Occidental Petroleum Corp. CEO Ray Irani, 75, plans to step down at the 2011 annual meeting and become executive chairman before retiring in 2014. COO Stephen Chazen, who also is president of the Los Angeles-based producer, was tapped to assume the role of CEO. Occidental’s board also said it would “substantially reduce” overall compensation levels to be “more in line with its peers.” Irani made $97 million in total compensation in 2009. By comparison, ExxonMobil Corp. CEO Rex Tillerson earned $27.2 million in total compensation last year.
October 15, 2010
Pennsylvania Capital Budget Would Fund Marcellus Infrastructure
Pennsylvania’s capital budget for fiscal year 2010-2011, which was approved Monday by the state’s House and last week by the state’s Senate, includes several Marcellus Shale-related infrastructure projects.
October 6, 2010
Industry Briefs
PAA Natural Gas Storage LP is holding a nonbinding open season for 2 Bcf of firm gas storage service to be available beginning in the second quarter of 2011 at its Pine Prairie salt cavern facility in Evangeline Parish, LA. PAA also is soliciting interest in firm storage service at Pine Prairie beginning in the second quarter of 2013 in order to assess market demand for additional expansions of the facility. PAA currently has 24 Bcf of working capacity in service at Pine Prairie and an additional 18 Bcf under construction. Pine Prairie is currently permitted for 48 Bcf. For information contact Richard Tomaski at (713) 652-3669, or Ben Reese at (713) 652-3678, or visit www.pineprairieenergycenter.com. The open season will end at 2 p.m. CDT on July 15.
June 28, 2010
Louisiana Storage Capacity Being Offered
PAA Natural Gas Storage LP is holding a nonbinding open season for 2 Bcf of firm gas storage service to be available beginning in the second quarter of 2011 at its Pine Prairie salt cavern facility in Evangeline Parish, LA.
June 28, 2010
Moody’s: North American Gas Prices Unlikely to Improve
North American natural gas prices are unlikely to improve significantly before the end of 2011, Moody’s Investors Service said in a report Tuesday.
May 5, 2010
EPA Makes ‘Energy Extraction’ a Priority for 2011-2013
The U. S. Environmental Protection Agency (EPA) Friday singled out “energy extraction activities” as one of the agency’s top national enforcement priorities for 2011 to 2013, according to the Washington, DC, law firm of Steptoe & Johnson.
March 15, 2010
EPA Makes ‘Energy Extraction’ a Priority for 2011-2013
The U. S. Environmental Protection Agency (EPA) Friday singled out “energy extraction activities” as one of the agency’s top national enforcement priorities for 2011 to 2013, according to the Washington, DC, law firm of Steptoe & Johnson.
March 15, 2010
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