Collectively

The U.S. Environmental Protection Agency (EPA) announced Friday that 20 water wells in Dimock Township, PA — collectively its second round of water quality testing — did not reveal any signs of contamination from natural gas drilling.

The California Energy Commission (CEC) last Friday announced allocating $29.6 million collectively to seven separate research and demonstration projects aimed at developing cleaner transportation fuels through applications of natural gas and biofuels.

Onshore independent natural gas and oil producers supported almost 400,000 direct workers and generated $263 billion in gross economic output in 2010, the Independent Petroleum Association of America (IPAA) said Monday.

Twenty of the largest U.S. oil and natural gas companies collectively reported $17.4 billion of net income in 3Q2010, one-third (32%) more than in the same period of 2009 — but 41% below their third quarter average in 2005-2009, adjusting for inflation, according to the Energy Information Administration (EIA).

Twenty of the largest U.S. oil and natural gas companies collectively reported $17.4 billion of net income in 3Q2010, one-third (32%) more than in the same period of 2009 — but 41% below their third quarter average in 2005-2009, adjusting for inflation, according to the Energy Information Administration (EIA).

Tenaska Marketing Ventures/Tenaska Marketing Canada/Tenaska Gas Storage (collectively TMV) has renewed a $1 billion committed credit facility for a four-year term maturing in July 2014. The facility, first established in 2006, will be used to finance TMV’s natural gas inventory transactions and as liquidity support for TMV’s operations. TMV is the natural gas marketing affiliate of Tenaska, which recently was ranked eighth in NGI’s North American natural gas quarterly trading survey (see Daily GPI, June 10). Tenaska regained control of TMV in January 2009 after completing a repurchase from affiliates of American International Group Inc., which at the time owned a half stake in the venture (see Daily GPI, Jan. 9, 2009). BNP Paribas and Societe Generale were co-lead arrangers of the credit facility renewal; the Bank of Tokyo-Mitsubishi UFJ, Ltd., Rabobank Nederland, Natixis and Credit Agricole CIB were co-documentation agents. A total of 20 lenders participated in the facility.

The U.S. natural gas industry collectively is holding its breath to see whether the grim Gulf of Mexico (GOM) oil spill disaster impacts onshore drilling one way or the other, but in the near term, a positive influence is unlikely, an energy executive said last week.

The U.S. natural gas industry collectively is holding its breath to see whether the grim Gulf of Mexico (GOM) oil spill disaster impacts onshore drilling one way or the other, but in the near term, a positive influence is unlikely, an energy executive said Wednesday.

A new white paper from environmental group Clean Air Watch claims that the 10 most polluting electric power companies collectively could pocket $9 billion annually under the “wrong kind” of cap-and-trade program, that is, one that distributes emissions credit freely through allocation rather than through an auction process.