Battle

Having helped lead the natural gas shale revolution, Chesapeake Energy Corp. is working to tie down the acreage it won during that battle; convince lawmakers and consumers of the bounty that was won; and build its position for the next energy resource revolution in natural gas liquids (NGL)-rich and oil plays.

Having helped lead the natural gas shale revolution, Chesapeake Energy Corp. is working to tie down the acreage it won during that battle; convince lawmakers and consumers of the bounty that was won; and build its position for the next energy resource revolution in natural gas liquids-rich and oil plays.

As work continues to battle the oil spill in the Gulf of Mexico (GOM), Democratic lawmakers representing coastal states have introduced legislation that would raise the cap on an oil producer’s liability for economic damages from a spill to $10 billion from the current $75 million (see Daily GPI, May 4).

President Obama plans to make a major speech on financial regulatory legislation Thursday in New York, as Democrats prepare to do battle over the bill on the Senate floor, citing the latest Goldman Sachs scandal as justification for their measure.

President Obama plans to make a major speech on financial regulatory legislation Thursday in New York, as Democrats prepare to do battle over the bill on the Senate floor, citing the latest Goldman Sachs scandal as justification for their measure.

The battle over the expensing of intangible drilling costs (IDC) looks as if it’s going the way of independent producers, Anadarko Petroleum Corp. CEO Jim Hackett said Tuesday.

The battle over the expensing of intangible drilling costs (IDC) looks as if it’s going the way of independent producers, Anadarko Petroleum Corp. CEO Jim Hackett said Tuesday.

The Texas Supreme Court on Friday agreed to grant a rehearing in a long legal battle in which predecessor companies of ExxonMobil Corp. are accused of sabotaging abandoned natural gas and oil wells in South Texas.

Canadian pipelines have won a months-long battle to overturn a 15-year-old restriction on a key ingredient in their regulated profits and tolls. The National Energy Board (NEB), describing the old rule’s relevance today as doubtful, scrapped its formula for determining rates of return on the equity portion of the gas and oil transporters’ capital structures.