The financial market turmoil forced the hand of privately held producer Antero Resources last week, which agreed to accept less drilling acreage in the Marcellus Shale from Dominion but pay more money per acre.
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Financial Turmoil Cuts into Antero’s Marcellus Shale Plans
The financial market turmoil has forced the hand of privately held producer Antero Resources, which agreed to accept less drilling acreage in the Marcellus Shale from Dominion but pay more money per acre.
Idaho PUC Takes Comments on Intermountain Gas
Idaho regulators said Tuesday they will accept comments from stakeholders and the general public through Sept. 25 on Intermountain Gas Co.’s request for a $54.3 million purchased gas adjustment (PGA) rate increase. It is part of the Idaho Public Utilities Commission’s (PUC) annual adjustment in rates, effective Oct. 1, to reflect current gas commodity costs for the utility.
Nymex Members Vote in Favor of CME Merger
The merger of CME Group and Nymex Holdings cleared its largest hurdle Monday afternoon as Nymex’s shareholders and its 816 seatholders voted to accept the merger proposal. With the approval out of the way, the closing date of the union, which has been valued recently anywhere between $7.9 billion to $8.4 billion, is scheduled to take place on Friday (Aug. 22), when Nymex Holdings will merge with and into CMEG NY Inc., a wholly owned subsidiary of CME Group.
Transportation Notes
Southern California Gas did not extend a high-linepack OFO beyond Saturday.
Transportation Notes
Questar ended a late-March restriction on imbalance payback nominations Wednesday and said it will accept such nominations “to and from the pipeline as capacity is operationally available.”
Senate-Passed Stimulus Plan Stripped of Energy Incentives
Senate Democrats Thursday were forced to accept a Republican-crafted economic stimulus package that was stripped of any tax credits for renewable energy and subsidies to offset the heating bills of low-income households.
Shell President Blames Industry for Lagging Energy Security
Public policy is hindering America’s ability to ensure its own energy security, and the energy industry must accept a large part of the blame, according to Shell Oil Co. President John Hofmeister.
Transportation Notes
In an OFO notice, Questar said effective Thursday until further notice, it will not accept any due-pipeline imbalance payback nominations. “Due to the high inventory levels at Clay Basin [storage facility], the upcoming reservoir conditioning and injection test…Questar is restricting the receipt of gas that cannot be injected into Clay Basin or absorbed within system linepack.”
Shell President Blames Industry for Failure of Energy Security Dialogue
Public policy is hindering America’s ability to ensure its own energy security, and the energy industry must accept a large part of the blame, according to Shell Oil Co. President John Hofmeister.