Collected

FERC has denied a request by Kern River Gas Transmission to reconsider an order that curbs the amount of collateral that may be collected from a noncreditworthy shipper to continue receiving service. Noncreditworthy shippers have credit ratings that are below investment grade.

A nonpartisan policy research group in Pennsylvania asserts that the state could have collected almost twice the revenue it has received in impact fees on Marcellus Shale natural gas drilling if it had implemented a severance tax instead.

The Pennsylvania Department of Environmental Protection (DEP) is looking for ways to get the natural gas industry to use polluted discharge from old mines.

If it’s wet, it’s hot; if it’s dry, it’s not; $4/MMBtu is the “new normal,” and bigger is still better when it comes to production. That’s the crux of the industry wisdom collected by Barclays Capital analyst Michael Zenker and his team at the firm’s recent CEO Energy-Power Conference.

If it’s wet, it’s hot; if it’s dry, it’s not; $4/MMBtu is the “new normal” and bigger is still better when it comes to production. That’s the crux of the industry wisdom collected by Barclays Capital analyst Michael Zenker and his team at the firm’s recent CEO Energy-Power Conference.

West Virginia, which collected less than $55 million in severance taxes from natural gas operations last year, could see that number jump to nearly $120 million by 2016, thanks in large part to the state’s growing Marcellus Shale industry, according to Deputy Revenue Secretary Mark Muchow.

A bill that would have changed West Virginia’s regulation of Marcellus Shale drilling was not brought up for a final vote by the House of Delegates during the final day of its 2011 regular session Friday and so will not become law this year.

A bill that would increase horizontal drilling permit fees in West Virginia to $5,000 from the current $650 that all drillers pay was passed out of committee and sent to the full House Thursday afternoon.

British Columbia (BC) collected more than C$98 million in bonus bids in this month’s natural gas and oil lease sale, officials said Thursday. For the year the province said bids have totaled C$760 million.