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Experts Outline Foreign Policy Benefits of LNG Exports

U.S. exports could prevent India from getting supplies from Iran and give European buyers leverage on their Russian pipeline purchases, a subcommittee of the House Foreign Affairs Committee was told.

April 29, 2013

New York Energy Industry ‘Imperiled,’ Says IOGA

The New York oil and natural gas industry is “imperiled” and “in crisis” because of the ongoing delay over whether to allow hydraulic fracturing (fracking) in horizontal drilling, according to a recent letter sent to Gov. Andrew Cuomo by the Independent Oil & Gas Association of New York (IOGA).

April 29, 2013

Kinder Morgan Subsidiaries Help Company Rake in 1Q Profits

Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.

April 19, 2013
California Report: ‘Scientific Uncertainty’ on Fracking’s Water Impact

California Report: ‘Scientific Uncertainty’ on Fracking’s Water Impact

There is still too much “scientific uncertainty” surrounding hydraulic fracturing’s (fracking) impact on water supply, and because of this regulators and operators need to be more transparent and accountable, according to a University of California, Berkeley, report that was released last Thursday.

April 16, 2013

Gensler to Congress: CFTC Needs the Funding to Go After Bad Actors

President Obama’s request for a spending increase for the Commodity Futures Trading Commission (CFTC) in fiscal year (FY) 2014 is warranted because of the expanded role of the agency in regulating the futures and swaps markets, Chairman Gary Gensler told a House panel Friday. But Commissioner Scott O’Malia argued the agency failed to make a case for a budget hike.

April 15, 2013

Low NatGas Prices Squeeze ConocoPhillips San Juan Program

ConocoPhillips, the largest operator in the San Juan Basin, is temporarily suspending its natural gas drilling in the Four Corners region because of low gas prices, a spokesman said Thursday.

April 1, 2013

Interior Plan to Withhold Mineral Revenue Irks Wyoming Governor

Wyoming Gov. Matt Mead laid down the gauntlet Tuesday to a proposal by the U.S. Interior Department to withhold payment of mineral revenues to his state because of federal sequestration. Wyoming is faced with not receiving more than $53 million due this month through July.

March 28, 2013

MDU Resources Ties Growth to Bakken Boom

Bismarck, ND-based MDU Resources Group is aligning its utility, construction, midstream infrastructure and exploration/production (E&P) businesses so each one profits and grows with the continuing hydrocarbon boom in the Bakken, the MDU senior executives emphasized in a half-day financial analysts meeting Thursday in New York City.

March 18, 2013
USGS: Shale Underlies Some of Susquehanna Valley’s Prime Aquifers

USGS: Shale Underlies Some of Susquehanna Valley’s Prime Aquifers

Portions of the Susquehanna River Valley aquifer in an area of New York that overlies the Marcellus and Utica shales are among the most favorable for potential large-scale groundwater supply, according to a U.S. Geological Survey (USGS) study.

March 15, 2013

Pennsylvania Township Wants Range to Reapply for Denied Permits

Officials in Robinson Township, PA, told leaseholders that they were welcome to contact Range Resources Corp. and try to convince the company to reapply for two Marcellus Shale drilling permits the township denied in February.

March 14, 2013