Bucks

The Commonwealth of Pennsylvania is asking the state Supreme Court to expedite its appeal of an appellate court ruling that said portions of Act 13, the state’s new omnibus Marcellus Shale law, are unconstitutional.

Natural gas prices will remain weak at around two bucks through this year, with sub-$2 prices for some period during the summer, and natural gas liquids (NGL) prices won’t be giving bulls anything to smile about either, Standard & Poor’s Ratings Services (S&P) analyst Michael Grande said during a teleconference Thursday.

Pennsylvania’s shale plays “are an incredible opportunity” for the job-starved state, according to incoming Lt. Gov. Jim Cawley, who declared that he and Gov. Tom Corbett “will send a message that Pennsylvania is open for business.”

Spectra Energy has received nominations exceeding 325,000 Dth/d for transportation services on Texas Eastern’s proposed TIME III expansion, the company said Thursday.

Despite what Capitol Hill lawmakers, regulators and energy consumers may think, natural gas producers aren’t raking in the big bucks, said Chesapeake Energy CEO Aubrey McClendon last Thursday.

Despite what Capitol Hill lawmakers, regulators and energy consumers may think, natural gas producers aren’t raking in the big bucks, said Chesapeake Energy CEO Aubrey McClendon Thursday.

U.S. energy companies make the big bucks, and that in turn makes them a big target for lawsuits. The average U.S. energy company now has around 364 separate lawsuits pending in U.S. courts, and 59% faced at least one $20 million-plus lawsuit last year, law firm Fulbright & Jaworski reported in its third annual survey.

U.S. energy companies make the big bucks, and that in turn makes them a top target for lawsuits. The average U.S. energy company now has around 364 separate lawsuits pending in U.S. courts, and 59% faced at least one $20 million-plus lawsuit last year, according to a survey by law firm Fulbright & Jaworski.

In a part of California known for big oil and big agricultural interests, and the big bucks that go along with both, deep drilling is getting a huge boost in the southwestern parts of oil/gas-rich San Joaquin Valley west and northwest of Bakersfield with the announcement that a consortium of major E&P talent became the third group to begin a deep drilling project in the area.