Colorado Finds Three More Post-Flood Oil Spills

Colorado officials on Tuesday reported three new flood-related oil spills since an assessment the day before (seeDaily GPI,Sept. 24), bringing to 11 the number of what are designated as “notable releases” by the Colorado Oil/Gas Conservation Commission (COGCC).

September 26, 2013

West Virginia Gives Farmers a Break, Declines to Assess Wellpads

The West Virginia Department of Revenue (DOR) has decided not to assign assessed value to oil and natural gas wellpad sites in the state, heeding the advice of a special committee of county assessors that doing so would pose a hardship to farmers who own surface, but not mineral, rights to their land.

October 26, 2012

USGS Finds More Promising East Coast Basins

The U.S. Geological Survey (USGS) said it estimates that five Mesozoic shale basins along the East Coast collectively hold a mean of nearly 3.9 Tcf in undiscovered natural gas and 135 million bbl of undiscovered natural gas liquids (NGLs), according to an abstract released Wednesday.

June 21, 2012

PG&E Hit Twice with California Pipeline Fines

Pacific Gas and Electric Co. (PG&E) lost twice Thursday as California regulators denied the utility’s appeal of a $16.7 million staff-imposed pipeline fine and assessed a separate $3 million penalty for shoddy record-keeping.

April 20, 2012

Continental Resources to Buy Bakken-Focused Wheatland

Continental Resources Inc. on Wednesday made a $340 million pitch to buy Bakken Shale-focused Wheatland Oil Inc., a company controlled by Continental CEO Harold Hamm.

March 29, 2012

Lawmakers, Regulators Critical of PG&E Pipe Plans

As it filed an appeal to a $16.8 million regulatory fine assessed last month, Pacific Gas and Electric Co. (PG&E) found itself Wednesday in the cross-hairs of a state legislator’s criticism and facing skeptical reactions from consumers and regulators alike regarding its $2.2 billion long-term plan to upgrade its natural gas pipeline system.

February 3, 2012

Quebec Places Restrictions on Hydraulic Fracturing

The government of Quebec announced Tuesday that hydraulic fracturing could continue in the province for exploration purposes only, after the release of a much anticipated report that urged further study of the practice.

March 10, 2011

Transportation Notes

Southern California Gas issued a high-linepack OFO for Saturday, saying Buy-Back charges will be assessed to customers who deliver into its system more than 110% of their actual gas usage on the OFO day. “Please remember that the Winter Balancing Rules are currently in effect and you must also comply with the appropriate minimum delivery requirements,” the giant LDC added.

November 17, 2008

Traders Mull Direction as August Gains Nearly 8 Cents

After dropping $4.493, or 33%, over the last three weeks of trading, August natural gas futures took a little bit of a break Monday as traders assessed the current sub-$10 price level and the market’s likely next move. Starting out the week, the front-month contract gained 7.9 cents to close at $9.163 one day ahead of expiration.

July 29, 2008

FERC Fines BP, Anadarko for Violating Capacity Release Policies

FERC late Thursday assessed civil penalties totaling $7.3 million in approving settlements of two separate enforcement matters involving BP Energy Co. and Anadarko Petroleum Corp. subsidiary MGTC Inc. The penalties against BP coincided with a sweeping action by the Environmental Protection Agency, the Commodity Futures Trading Commission and the Department of Justice, also on Thursday.

October 29, 2007
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