Commission

Delaware River Basin Commission (DRBC) Chairman Michele Sierkerka said the organization is working to advance natural gas regulations in the basin, with “thousands of hours” logged so far by its staff and those of its member states on the process since November 2011.

The Susquehanna River Basin Commission (SRBC) said it will focus on regulatory activities and water quality monitoring related to shale gas development within the basin, as the organization begins its latest two-year Water Resources Program for the fiscal years 2014 and 2015.

Shares of Linn Energy LLC and LinnCo LLC got a beat-down last week after the companies disclosed that the Securities and Exchange Commission (SEC) was looking into details of LinnCo’s planned merger with Berry Petroleum Co. as well as its hedging strategy and use of financial reporting metrics that aren’t required under SEC’s generally accepted accounting principles (GAAP).

Pennsylvania Gov. Tom Corbett is urging the Delaware River Basin Commission (DRBC) to proceed with a proposal to revise water quality regulations, a move that could ultimately open the basin to expanded Marcellus Shale natural gas drilling.

Shares of Linn Energy LLC and LinnCo LLC took a tumble Tuesday after the companies disclosed that the Securities and Exchange Commission (SEC) was looking into details of LinnCo’s planned merger with Berry Petroleum Co.

Under pressure from San Bruno, CA, officials who have asked for an investigation, the California Public Utilities Commission (CPUC) last week reshuffled two key legal positions in the three consolidated penalty cases against Pacific Gas and Electric Co. (PG&E) for the 2010 natural gas transmission pipeline tragedy.

According to the Railroad Commission of Texas (RRC), the state’s preliminary April crude oil production averaged 1.6 million b/d, up from nearly 1.2 million b/d in April 2012. The preliminary production figure for April is 48.2 million bbl, up from 35.9 million bbl in April 2012.

GreenHunter Water LLC has begun to process complex oilfield waste streams at its bulk storage and barge transloading terminal in New Matamoras, OH, the GreenHunter Resources Inc. subsidiary said Friday.

The U.S. Commodity Futures Trading Commission (CFTC) Thursday filed its case against MF Global Inc., MF Global Holdings Ltd. and CEO Jon Corzine and an assistant treasurer for illegal use of customer money, calling for 100% restitution of customer losses totaling approximately $1 billion, plus a $100 million penalty, in the firm’s October 2011 bankruptcy