Consideration

A bipartisan group of senators led by Kay Bailey Hutchison (R-TX) and Mary Landrieu (D-LA) has called on the Interior Department to expedite consideration of shallow-watering drilling applications and to provide adequate guidance to those companies seeking new permits.

A federal judge in Wyoming has overturned water quality rules that gas producers and the state had alleged were too restrictive and not based on complete consideration of related science by the Environmental Protection Agency (EPA). The rules were intended to protect cropland in Montana from the downstream discharge of water from Powder River Basin coalbed methane (CBM) production.

A federal judge in Wyoming has overturned water quality rules that gas producers and the state had alleged were too restrictive and not based on complete consideration of related science by the Environmental Protection Agency (EPA). The rules were intended to protect cropland in Montana from the downstream discharge of water from Powder River Basin coalbed methane (CBM) production.

The electricity committee of the National Association of Regulatory Commissioners (NARUC) “tabled for further consideration” a resolution that says the group of state utility regulators would not oppose legislation to expand FERC’s authority over the siting of electric transmission facilities.

More than 10,700 jobs could be displaced for part of the year if proposed new permitting and drilling rules under consideration in Colorado are enacted, according to the Colorado Oil & Gas Association (COGA) and the Colorado Petroleum Association (CPA).

The Securities and Exchange Commission’s (SEC) Division of Corporation Finance and Office of Chief Accountant Thursday said they have prepared for SEC consideration recommendations to update and modernize the requirements for oil and natural gas companies to report reserves — a move that has been widely supported by the industry.

Proposed new permitting and drilling rules under consideration in Colorado would cause a production slowdown that could increase the average wellhead price in the state between 13 and 41 cents/Mcf, costing in-state consumers up to $1.7 billion over the next 10 years and consumers across the United States up to $32 billion, according to a study by ICF International.

Direct Energy, a subsidiary of Centrica plc, has signed an agreement to acquire Pittsburgh-based Strategic Energy LLC, a subsidiary of Great Plains Energy Inc., for a total cash consideration of $300 million, the company said last Wednesday. The transaction is debt-free and includes an amount of working capital that will be subject to a subsequent true-up.

Direct Energy, a subsidiary of Centrica plc, has signed an agreement to acquire Pittsburgh-based Strategic Energy LLC, a subsidiary of Great Plains Energy Inc., for a total cash consideration of $300 million, the company said Wednesday. The transaction is debt-free and includes an amount of working capital that will be subject to a subsequent true-up.