Amount

Supporters of oil and natural gas exploration in New York are in disagreement with the Department of Environmental Conservation (DEC) over just how much of the state would be open to high-volume hydraulic fracturing (HVHF), while an environmental group has called the agency’s latest actions “meaningless.”

To reduce the amount of drilling waste that has to be transported to landfills and to provide a renewable solution, Chesapeake Energy Corp. has begun an innovative recycling project with TWMA Ltd. in the Eagle Ford Shale.

Environmental questions and high costs for water have created a big headache for unconventional oil and gas producers, but it won’t take long before those problems are turned into opportunities for other businesses, according to industry executives.

The Muskingum Watershed Conservancy District (MWCD) says it will consider short-term water sales from two lakes in eastern Ohio to oil and natural gas operators drilling in the Marcellus and Utica shales.

Joining the race to transition a fair amount of swaps and over the counter (OTC) business to a cleared futures model before more rules under the Dodd-Frank Wall Street Reform Act take hold in the coming months, CME Group last week launched a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and OTC energy markets.

Joining the race to transition a fair amount of swaps and over the counter (OTC) business to a cleared futures model before more rules under the Dodd-Frank Wall Street Reform Act take hold in the coming months, CME Group on Monday launched a broad suite of new natural gas and power contracts that will be listed as futures on CME Globex, the New York Mercantile Exchange (Nymex) trading floor and CME ClearPort, and will be available for trading on CME Direct, a platform offering side-by-side trading and straight-through processing and clearing of exchange-listed and OTC energy markets.

Lower natural gas liquids (NGL) prices weighed down 2Q2012 earnings for both DCP Midstream Partners LP (DPM) and Energy Transfer Equity LP (ETE), the companies’ executives said in separate conference calls with analysts Wednesday.

Atlas Pipeline Partners LP (APL) has completed a 60 MMcf/d expansion of its Velma system in the Woodford Shale of Oklahoma, increasing capacity to 160 MMcf/d.

Chesapeake Energy Corp. is in advanced negotiations to sell all of its midstream assets, including its stake in Chesapeake Midstream Partners LP (CHKM), for more than $4 billion, a transaction that could be completed in the next few days, sources told NGI’s Shale Daily on Wednesday. The bidder is said to be private equity giant Global Infrastructure Partners (GIP), which initially helped to fund the master limited partnership (MLP) and which continues to be a joint partner.