Confirmed

BP plc officials confirmed Tuesday that the company has acquired a stake in the Eagle Ford Shale in South Texas. The news came during a BP strategy meeting with top management and financial analysts (see related story).

BP plc officials confirmed Tuesday that the company has acquired a stake in the Eagle Ford Shale in South Texas. The news came during a BP strategy meeting with top management and financial analysts (see related story).

Devon Energy Corp. confirmed last week that Maersk Oil’s plan to buy the Oklahoma City-based producer’s stakes in promising deepwater Gulf of Mexico (GOM) discoveries was blocked after some of the other lease owners used their preferential purchase rights.

Devon Energy Corp. confirmed Monday that Maersk Oil’s plan to buy the Oklahoma City-based producer’s stakes in promising deepwater Gulf of Mexico (GOM) discoveries was blocked after some of the other lease owners used their preferential purchase rights.

Devon Energy Corp. confirmed Monday that Maersk Oil’s plan to buy the Oklahoma City-based producer’s stakes in promising deepwater Gulf of Mexico (GOM) discoveries was blocked after some of the other lease owners used their preferential purchase rights.

With more than enough drilling opportunities that await development in the Marcellus Shale, Chesapeake Energy Corp. on Wednesday confirmed that it has “no intention” to drill natural gas wells in upstate New York’s watershed, which supplies water to nine million people, including New York City.

The signs of growing cash market weakness that surfaced Tuesday were confirmed hugely Wednesday. Whereas only a moderate majority of points were slightly softer on the previous day, prices fell across the board Wednesday, with many of the losses reaching double digits.

Following the release of two holds on his nomination, the Senate last Tuesday easily confirmed former Treasury official and Goldman Sachs executive Gary Gensler to be chairman of the Commodity Futures Trading Commission (CFTC).

Following the release of two holds on his nomination last week, the Senate Tuesday easily confirmed former Treasury official and Goldman Sachs executive Gary Gensler to be chairman of the Commodity Futures Trading Commission (CFTC).