Awaited

While critics and environmental activists are unhappy, the oil and natural gas industry is celebrating long-awaited changes in New Mexico’s rules for disposal of drilling waste known as the “pit rule.”

While critics and environmental activists are unhappy, the oil and natural gas industry is celebrating long-awaited changes in New Mexico’s rules for disposing drilling waste known as the “pit rule.” Fighting for changes in tougher requirements imposed by a previous governor, the New Mexico Oil/Gas Association (NMOGA) hailed changes made earlier this month.

In his long-awaited $3.77 trillion budget for fiscal year (FY) 2014 unveiled last Wednesday and forwarded to Congress, President Obama again sought to repeal tax breaks for oil and natural gas producers. He also proposed tacking on new fees and increasing oil and gas royalties to fund renewable fuel development, as well as elevating spending for the Commodity Futures Trading Commission (CFTC).

In his long-awaited $3.77 trillion budget for fiscal year (FY) 2014 unveiled on Wednesday and forwarded to Congress, President Obama again sought to repeal tax breaks for oil and natural gas producers. He also proposed tacking on new fees and increasing oil and gas royalties to fund renewable fuel development.

Two top energy lawmakers in the Senate confirmed last week that the long-awaited second part of a Department of Energy (DOE) report on the economic impact of exporting domestically produced natural gas will likely be released before the end of the year, and that the results will be favorable to gas exports. Congress was called on to express its support for gas exports.

Two of the top women energy lawmakers in the Senate indicated Wednesday that the long-awaited second part of a Department of Energy report on the economic impact of exporting domestically produced natural gas will likely be released before the end of the year, and that the results will be favorable to industry. One called on Congress to express its support for gas exports.

The Commodity Futures Trading Commission (CFTC) last week approved the long-awaited “swap” product definition rule, setting the stage to “fully usher” in many of the reforms under the Dodd-Frank Wall Street Reform Act.

The Commodity Futures Trading Commission (CFTC) Tuesday approved its long-awaited “swap” product definition rule, setting the stage for the agency to “fully usher” in many of the reforms under the Dodd-Frank Wall Street Reform Act.

The Environmental Protection Agency (EPA) on Friday released a draft of its long-awaited guidance to oil and natural gas producers on the use of diesel fuel in hydraulic fracturing (fracking).