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Denbury to Take Sole Possession of Riley Ridge

Denbury Resources Inc. has agreed to pay Cimarex Energy Co. $191 million for the 57.5% working interest it does not already own in the 9,700-acre Riley Ridge Federal Unit in southwestern Wyoming and a 33% working interest in an additional 28,000 acres of mineral leases adjoining the unit, the company said Tuesday. The deal, which is expected to close in late July with an effective date of April 1, 2011, would make Denbury the operator of both projects.

June 29, 2011

Ohio House Passes Bill Allowing Drilling on State Land

The Republican-controlled Ohio House of Representatives passed HB 133 by a 54-41 vote on Wednesday. The measure opens land owned by the state — including state parks — to oil and gas leasing and creates a five-member Oil and Gas Leasing Commission.

May 26, 2011

Elizabethtown Gas to Continue Infrastructure Upgrades

The New Jersey Board of Public Utilities (BPU) has approved the continuation through next year of an Elizabethtown Gas utility infrastructure upgrade program, which has already replaced nearly 47 miles of cast iron pipe and constructed two major interconnect projects totaling about 24 miles of new pipeline in Sussex, Warren and Hunterdon counties.

May 17, 2011

U.S. Energy Secretary: ‘Best Practices’ Needed in Fracking

U.S. Department of Energy (DOE) Secretary Steven Chu said Monday the Obama administration was looking for the “best practices” to move forward with hydraulic fracturing (fracking) of shale gas.

April 27, 2011

Excess Northwest Hydro Supplies Impact Gas, Wind Power

While natural gas demand already is poised to take a hit, ever-growing regional wind power supplies may be the next domino to fall in the face of excess hydroelectric supplies in the Pacific Northwest. The region’s key power marketer/transporter, the Bonneville Power Administration (BPA), however, is going to delay as long as it can a proposal to begin curtailing large chunks of wind power, officials said last Wednesday.

April 25, 2011

Northwest Energy Mix Upset by Excess Hydro Supplies

While natural gas demand already is poised to take a hit, ever-growing regional wind power supplies may be the next domino to fall in the face of excess hydroelectric supplies in the Pacific Northwest. The region’s key power marketer/transporter, the Bonneville Power Administration (BPA), however, is going to delay as long as it can a proposal to begin curtailing large chunks of wind power, officials said Wednesday.

April 25, 2011

33% California Renewable Goal Passed by Lawmakers

Although already pushed by a past governor’s executive order and implemented by state agencies, California’s ambitious 33%-by-2020 renewable energy goal was passed by the legislature and sent to Gov. Jerry Brown on Tuesday, as the latest attempt to codify the goal in state law. Backers of the measure (SB 2X) said Brown is expected to sign it into law.

March 31, 2011

Gas, Nuclear Key Elements of Clean Energy Standard, Report Says

If natural gas and nuclear power are included as part of the clean energy sector, the United States could already be more than half of the way toward meeting a national clean energy standard (CEC) as outlined by President Obama in his State of the Union address earlier this year, according to a white paper on the CES concept released Monday by the U.S. Senate Energy and Natural Resources Committee.

March 22, 2011

West Virginia Lawmakers Shelve Marcellus Bill

A bill that would have changed West Virginia’s regulation of Marcellus Shale drilling was not brought up for a final vote by the House of Delegates during the final day of its 2011 regular session Friday and so will not become law this year.

March 15, 2011

De Facto Moratorium to Hurt Gulf Operations for Years

While repercussions such as the bankruptcy filing of Seahawk Drilling Inc. are already being felt from the months-long de facto moratorium on Gulf of Mexico oil and natural gas drilling, the shockwaves from the U.S. government action are likely to reverberate for many years to come, even after the permitting flowrate gets back up to speed, according to a panel of drilling and well service veterans speaking at CERAWeek 2011 in Houston.

March 14, 2011
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