Affirmed

The U.S. Environmental Protection Agency (EPA) announced Friday that 20 water wells in Dimock Township, PA — collectively its second round of water quality testing — did not reveal any signs of contamination from natural gas drilling.

The U.S. Environmental Protection Agency (EPA) said Thursday initial test results of water samples taken from 11 households in the Carter Road/Meshoppen Creek Road area of Dimock Township, PA, do not indicate any levels of contamination from natural gas drilling.

Officials with the U.S. Environmental Protection Agency (EPA) were in Dimock Township, PA on Thursday and Friday, asking residents to participate in a voluntary survey to address “potential gaps in sampling and sample results.”

The U.S. Coast Guard Friday denied — for a third time — Weaver’s Cove Energy’s appeal and affirmed that the waterway is navigationally unsuitable for deliveries of liquefied natural gas (LNG) to an import terminal proposal for Fall River, MA.

A 30% decline in quarterly profits was within Dominion’s expectations and growth opportunities are within sight, according to the Richmond, VA-based company, which affirmed its 2010 operating earnings guidance range of $3.20-3.40/share.

The Colorado Senate is considering final approval of more stringent rules for the natural gas and oil industry after the state’s House affirmed the legislation on Friday. If the Senate approves the bill, the drilling restrictions would go into effect beginning in April.

Richmond, VA-based Dominion Resources Inc. has affirmed its 2008 earnings guidance of $3.10 to $3.15 per share while dropping both its 2009 guidance and spending plans. The company said it has “more than adequate liquidity,” but given the current macroeconomic situation will be cutting $350 million from capital expenditures and reducing some nonfuel operating and maintenance expenses.

A federal appeals court in Washington, DC, has affirmed a lower court’s decision upholding the Department of Interior’s (DOI) interpretation of which costs can be deducted when producers calculate royalties owed for the production of natural gas on federal lands.

A federal appeals court in Washington, DC, Wednesday affirmed a lower court’s decision upholding the Department of Interior’s (DOI) interpretation of which costs can be deducted when producers calculate royalties owed for the production of natural gas on federal lands.