Ceiling

Rosetta Resources Inc. will be dropping more than 90% of its $640 million 2012 capital budget in the Eagle Ford Shale of South Texas, the Houston-based company said last week.

Rosetta Resources Inc. will be dropping more than 90% of its $640 million 2012 capital budget in the Eagle Ford Shale of South Texas, the Houston-based company said Monday.

Two big-ticket acquisitions in the Fayetteville Shale by BHP Billiton Petroleum and XTO Energy Inc. suggest that the pace of development in the play will be accelerating, acknowledged Steve Mueller, CEO of Fayetteville veteran Southwestern Energy Co. But his company can hold its own, having locked in some of its costs and beaten down drilling times, Mueller said.

Rosetta Resources Inc. will spend about 90% of its 2011 capital budget of $360 million on the liquids-rich window of the Eagle Ford Shale in South Texas, the Houston-based independent said. Spending will be funded from cash flow and planned asset sales in the Denver-Julesburg Basin and California.

FERC on Thursday established an inflationary adjustment, or price index formula, that will increase the ceiling levels on rates for pipelines carrying crude oil and petroleum products, including natural gas liquids (RM10-25).

FERC on Thursday established an inflationary adjustment, or price index formula, that will increase the ceiling levels on rates for pipelines carrying crude oil and petroleum products, including natural gas liquids (RM10-25).

FERC on Thursday established a new inflationary adjustment, or price index formula, that will increase the ceiling levels on rates for pipelines carrying crude oil and petroleum products, including natural gas liquids (RM10-25).

Congress should address the role of “primary regulator” in its financial reform legislation, identifying the products and markets over which the Commodity Futures Trading Commission (CFTC) should have primary jurisdiction and the ones over which the Securities and Exchange Commission (SEC) should be the primary regulator, to avoid the kind of jurisdictional head-butting that the CFTC and FERC engaged in following the implosion of hedge fund Amaranth Advisors LLC, a legal expert said Thursday.

Tennessee Pipeline shippers are urging FERC to make certain adjustments for replacement shippers under the agency’s Order 712, which lifted the price ceiling on short-term releases of natural gas transportation capacity.