The Pennsylvania Supreme Court will hear oral arguments on the constitutionality of Act 13, the state’s new omnibus Marcellus Shale law, on Oct. 17 in Pittsburgh.
Adversely
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Couple Wants Pennsylvania Property Rights Case Dismissed
A couple from Susquehanna County, PA, at the center of a controversial mineral rights case wants the state’s Supreme Court to throw out a lower court’s ruling and end the anxiety shared by energy companies and landowners alike over uncertain ownership rights in the Marcellus Shale.
Black Hills Has Red Third Quarter
Low natural gas prices adversely affected a number of Rapid City, SD-based Black Hills Corp.’s business units, resulting in the net loss the company reported Friday.
Sempra Supports CFTC Regulation
Stepped-up regulation at the Commodity Futures Trading Commission (CFTC) wouldn’t adversely affect Sempra Energy’s joint energy trading venture, company executives said Friday. “It’s probably going to be fine for us,” CFO Mark Snell said during a quarterly earnings conference call.
Chevron Says U.S. Gas Output Down, Warns Prices to Affect 4Q Results
Chevron Corp. late Tuesday warned that its 4Q2006 results will be adversely impacted by lower commodity prices and lower downstream margins. The second-largest U.S. major reported that in the first two months of the final quarter, U.S. liquids and natural gas production fell nearly 1% sequentially from 3Q2006, and international liquids and gas production was off more than 3%.
Duke Energy’s $8.5 Billion Purchase of Westcoast Gets FERC Nod
The Federal Energy Regulatory Commission has approved Duke Energy Corp.’s $8.5 billion purchase of Canada’s Westcoast Energy. The Commission said the purchase would not adversely affect competition, rates or regulation. FERC’s specifically approved Duke Energy’s takeover of Westcoast energy marketer Engage America and the Frederickson Power LP generation project.
Duke Energy’s $8.5 Billion Purchase of Westcoast Gets FERC Nod
The Federal Energy Regulatory Commission has approved Duke Energy Corp.’s $8.5 billion purchase of Canada’s Westcoast Energy. The Commission said the purchase would not adversely affect competition, rates or regulation. FERC’s specifically approved Duke Energy’s takeover of Westcoast energy marketer Engage America and the Frederickson Power LP generation project.