Became

Pennsylvania Lures Flowserve Away From New Jersey

Oilfield services provider Flowserve Corp. will relocate some of its pump division operations from New Jersey to Pennsylvania, a 15-mile move that brings more than 100 jobs to a state much more supportive of the company’s bread and butter: oil and gas drilling.

June 17, 2013

AEP’s Fuel Switching Leans Toward Coal

Bucking the recent fuel switching trend, American Electric Power (AEP) in the first three months of 2013 became more dependent on coal and used significantly less natural gas to generate electricity, said CFO Brian Tierney.

April 30, 2013

It’s Drilling Time at Halcon Resources

Houston-based Halcon Resources Corp., which became a public company about a year ago, has been building acreage positions in several unconventional oil and gas plays and last year grew proved reserves to 108.8 million boe, an increase of 417% from the end of 2011.

March 4, 2013

It’s Drilling Time at Halcon Resources

Houston-based Halcon Resources Corp., which became a public company about a year ago, has been building acreage positions in several unconventional oil and gas plays and last year grew proved reserves to 108.8 million boe, an increase of 417% from the end of 2011.

March 4, 2013

New York Could Begin Processing Permits Despite Health Study Delay

Although the New York State Department of Health (DOH) needs a few more weeks to complete a health impact analysis of high-volume hydraulic fracturing (HVHF), Department of Environmental Conservation (DEC) Commissioner Joe Martens said Tuesday it would not cause undue delay in starting the processing of permit applications for the practice.

February 13, 2013

Cuomo Cuts NY DEC Budget, Dims Hope For More Drilling Inspectors

New York Gov. Andrew Cuomo has proposed slashing the Department of Environmental Conservation’s (DEC) budget by more than one-sixth for the upcoming fiscal year, dashing hopes that the agency could hire additional oil and natural gas drilling inspectors.

January 24, 2013

Pennsylvania Senate Passes Bill Allowing Fracking With AMD

The Pennsylvania State Senate unanimously passed a bill last Monday absolving mine operators and landowners from liability for any injury or damage caused by the use of acid mine drainage (AMD) in hydraulic fracturing (fracking) operations.

October 22, 2012

Wisconsin Energy Shifts Milwaukee Coal Plant to Gas

Coal-to-natural gas switching became a live issue for Wisconsin Energy’s major utility, We Energies, with the decision Friday to switch a long-time coal-fired cogeneration facility serving downtown Milwaukee to natural gas. The Valley Power Plant is a 280 MW facility providing steam and electricity.

August 20, 2012

California Regulators Split on Adding Gas Storage

Following a long discussion by California regulators on Thursday it became clear that there’s no agreement about whether the state needs additional underground natural gas storage or whether it is too risky to site storage in a depleted gas field in a populated area, given the lessons emerging from the San Bruno, CA, pipeline explosion two years ago.

June 11, 2012

People

Anadarko Petroleum Corp. has named Al Walker, the company’s current president and COO, to the post of CEO to replace current CEO Jim Hackett, who will stay on as executive chairman. Hackett became CEO in December 2003. The change will take effect May 15 at the company’s annual meeting. Walker will stand for election to Anadarko’s board of directors at that time. “Throughout his time with the company, Al has demonstrated an exceptional ability to create value for Anadarko, resulting in some of the company’s most noteworthy accomplishments,” said Hackett. “Al has been a member of the company’s executive management team since joining Anadarko in 2005 and has been integral to the company’s major strategic and tactical decisions over that period.” Walker, 55, has more than 30 years of experience in the energy industry, with a focus on exploration and production. “We see very little change as it relates to the day-to-day operations at [Anadarko],” Wells Fargo Securities analysts said of the CEO appointment.

February 22, 2012
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