A federal appeals court in Washington, DC, on Friday sent back to FERC for further explanation a case in which Burlington Resources Oil & Gas Co. LP claimed that it was not responsible for payment of refunds for Kansas ad valorem taxes due to an indemnity clause in take-or-pay settlement agreements with Northern Natural Gas and Panhandle Eastern Pipeline.
Cites
Articles from Cites
Appeals Court Remands Ad Valorem Tax Ruling, Cites Inconsistencies in FERC Decisions
A federal appeals court in Washington, DC, on Friday sent back to FERC for further explanation a case in which Burlington Resources Oil & Gas Co. LP claimed that it was not responsible for payment of refunds for Kansas ad valorem taxes due to an indemnity clause in take-or-pay settlement agreements with Northern Natural Gas and Panhandle Eastern Pipeline.
Anadarko Cites High Service Costs in Expanded Share Buyback Program
Prompted by falling commodity prices and rising service costs, Anadarko Petroleum Corp. on Friday expanded its share repurchase program for 2005, calling it a better investment than its previous plan to accelerate development drilling.
Anadarko Cites High Service Costs in Expanded Share Buyback Program
Prompted by falling commodity prices and rising service costs, Anadarko Petroleum Corp. on Friday expanded its share repurchase program for 2005, calling it a better investment than its previous plan to accelerate development drilling.
ChevronTexaco Cites Hurricane Ivan for 10% Loss in 4Q Production
ChevronTexaco Corp. estimates in a fourth quarter interim report that last September’s Hurricane Ivan resulted in a net loss in production of 10%, including an 11% decline in U.S. natural gas output and a 9% loss in natural gas liquids, compared with 3Q2004 numbers. The Gulf of Mexico storm resulted in net loss of 79,000 boe/d over 3Q numbers.
Report Cites High Incidence of Serious Accidents on Distribution Lines Since 1990
Serious incidents involving fatalities or injuries accounted for just under 40% of the 1,570 accidents on the natural gas distribution system between 1990 and 2002, according to the preliminary findings of an American Gas Foundation-commissioned report.
Report Cites High Incidence of Serious Accidents on Distribution Lines Since 1990
Serious incidents involving fatalities or injuries accounted for just under 40% of the 1,570 accidents on the natural gas distribution system between 1990 and 2002, according to the preliminary findings of an American Gas Foundation-commissioned report.
GlobalSantaFe CEO Cites Demand for Gas Rigs
GlobalSantaFe Corp.’s CEO said Wednesday that the utilization rate for its 59 oil and gas drilling rigs will reach 95% by the end of this year, and utilization rates across the industry will continue to climb to the mid 90% level by the middle of 2005.
GlobalSantaFe CEO Cites Demand for Gas Rigs
GlobalSantaFe Corp.’s CEO said Wednesday that the utilization rate for its 59 oil and gas drilling rigs will reach 95% by the end of this year, and utilization rates across the industry will continue to climb to the mid 90% level by the middle of 2005.
Moody’s Cites Eastchester Cost Overruns, Liabilities in Iroquois Downgrade
Moody’s Investors Service downgraded the credit rating of gas pipeline operator Iroquois Gas Transmission System LP on Wednesday to Baa1 from A3 in reaction to cost overruns associated with the Eastchester Expansion project and liabilities related to power transmission damage that occurred during construction of the project.