Hess Corp. won’t sell its unconventional assets in the Bakken, Eagle Ford and Utica shale plays, but it is looking at proposals from a hedge fund that wants a larger stake in the company, Hess officials said during a 4Q2012 earnings call on Wednesday.
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Colorado Drilling Water Tests Draw Mixed Reviews
Colorado on Monday established new mandatory water sampling requirements for oil and natural gas drilling drawing criticism from industry and environmental groups. Sampling of multiple water wells before and after drilling is now required.
Spectra Incidents Under Investigation in British Columbia
The Canadian Transportation Safety Board (TSB) is investigating the causes of two separate incidents affecting Spectra Energy Corp. facilities north of Fort St. John, British Columbia (BC).
NGSA Says Gas, Power Have ‘Buckets’ of Coordination Issues
The Federal Energy Regulatory Commission (FERC) shouldn’t take a piecemeal approach to resolving coordination issues affecting the natural gas and electric markets, the Natural Gas Supply Association (NGSA) said Friday.
Texas Regulators Adopt Barnett Shale Air Rules
Texas regulators Wednesday approved new air emissions rules affecting producers in the Barnett Shale of North Texas. Industry groups have said the rules are too strict, while environmentalists said they don’t go far enough.
Bills Affecting Drilling Rules, Regulators Advance in Colorado
As the Colorado legislature moves toward adjournment in mid-May a bill affecting the handling of water disputes between drilling companies and ranchers, and another reforming the two-year old Colorado Oil and Gas Conservation Commission (COGCC), were moving through committees.
Colorado Lawmakers Eye Bills Affecting Drilling Rules, Regulators
As the Colorado legislature moves towards ajournment in mid-May a bill affecting the handling of water disputes between drilling companies and ranchers, and another reforming the two-year old Colorado Oil and Gas Conservation Commission (COGCC) were moving through committees.
New Mexico Supreme Court to Consider Cap-Trade Challenge
The New Mexico Supreme Court has set a hearing for Wednesday to see if the state’s new governor can block a cap-and-trade provision affecting oil/gas operations and power generation. The New Mexico Environmental Law Center filed earlier this month with the state’s highest court, contending that Gov. Susana Martinez violated proper legal protocol in attempting to block a new greenhouse gas (GHG) emissions rule.
New Mexico Supreme Court to Consider Cap-Trade Challenge
The New Mexico Supreme Court has set a hearing for next Wednesday to see if the state’s new governor can block a cap-and-trade provision affecting oil/gas operations and power generation. The New Mexico Environmental Law Center filed earlier this month with the state’s highest court, contending that Gov. Susana Martinez violated proper legal protocol in attempting to block a new greenhouse gas (GHG) emissions rule.
Producers Sue Interior to Gain Utah, Wyoming Leases
The Western Energy Alliance, which represents more than 400 natural gas and oil operators as well as six producers, last week filed a lawsuit to force the Interior Department’s Bureau of Land Management (BLM) to award 118 leases in Utah and Wyoming worth an estimated $4.5 million.