Charge

BG Focuses on LNG, Cuts Shale Rigs

Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and it would reduce drilling activity in response to continuing low natural gas prices.

July 30, 2012

BG Group Net Profits Fall 77% in 2Q; Focus Shifts to LNG

Global gas producer BG Group plc said net profits for the second quarter were hobbled by a $1.3 billion post-tax charge against its shale assets in the United States and that it would reduce drilling activity there in response to continuing low natural gas prices.

July 30, 2012

CFTC Assesses $1.78M in Fees to Oversee SRO Program

The Commodity Futures Trading Commission (CFTC) published a schedule of annual fees that it will charge designated contract markets (DCM) and registered futures associations for the operation of its self-regulatory organization (SRO) program.

May 8, 2012

Newfield: No Dry Gas Drilling, More Hedging

These days with no end to decade-low gas prices in sight, Newfield Exploration Co. CEO Lee Boothby can’t wait to be in charge of an oil-weighted production company, and it’s going to happen soon, he said Wednesday. Newfield has put down the dry gas drillbit and is focusing intently on oil and liquids-rich plays.

April 26, 2012

AGA: Shales Push Natural Gas Reserves to Record 300 Tcf

Data gathered from 30 large domestic natural gas producers indicate that the U.S. inventory of gas reserves has grown to about 300 Tcf, according to a new report from the American Gas Association (AGA). That estimate, based in large part on new discoveries in shale plays, shatters the previous domestic reserves record of 293 Tcf, which was recorded in 1967.

April 5, 2012

‘Epa-Dimock’ Over? Testing Finds No Contamination from Drilling

The U.S. Environmental Protection Agency (EPA) said Thursday initial test results of water samples taken from 11 households in the Carter Road/Meshoppen Creek Road area of Dimock Township, PA, do not indicate any levels of contamination from natural gas drilling.

March 19, 2012

‘Depressed’ Gas Prices Force PDC to Suspend Marcellus Drilling

PDC Mountaineer (PDCM), a joint venture (JV) of Petroleum Development Corp. (PDC) and Lime Rock Partners V LP, will temporarily suspend drilling in the Marcellus Shale “due to the current depressed natural gas price environment,” according to Denver-based PDC.

March 5, 2012

Former Petrohawk Chief to Buy Ram Energy

Former Petrohawk Energy Corp. CEO Floyd C. Wilson, under the banner of Halcon Resources LLC, is leading a charge to buy Tulsa-based Ram Energy Resources Inc., a small-cap explorer that operates primarily in Texas, Louisiana and Oklahoma.

January 2, 2012

Former Petrohawk Chief to Buy Ram Energy

Former Petrohawk Energy Corp. CEO Floyd C. Wilson, who recently created Halcon Resources LLC, is leading a charge to buy Tulsa-based Ram Energy Resources Inc., a small-cap explorer that operates primarily in Texas, Louisiana and Oklahoma.

December 23, 2011

Survey: Most Pennsylvanians Still Support Gas Production Tax

Pennsylvanians are increasingly in favor of imposing a severance tax on natural gas production, according to a poll released Wednesday by the Center for Opinion Research (COR) at Franklin & Marshall College in Lancaster, PA.

September 2, 2011