Following three months of negotiations, the Colorado Air Quality Control Commission (AQCC) has unanimously voted to require oil and gas operators install zero-emission pneumatic controllers for new and existing operations. Pneumatic controllers utilize pressurized natural gas to activate valves at oil and gas facilities to regulate temperature and pressure. Traditional devices release methane and other…
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Double Eagle Takes Bigger Stake in Atlantic Rim, Sells Wyoming Leases
Double Eagle Petroleum Co. said Tuesday it is joining Warren Resources Inc. to increase its stakes in Wyoming’s Atlantic Rim by acquiring some of Anadarko Petroleum Corp.’s remaining interests.
October 3, 2012
Nicor, Former COO to Pay $10M to Settle SEC Charges
Nicor Inc. and its former controller agreed last week to pay more than $10 million to settle charges brought by the Securities and Exchange Commission (SEC) that they engaged in improper transactions, made material misrepresentations and failed to disclose material information regarding Nicor’s gas inventory in order to meet earnings targets and increase the company’s revenues under a performance-based rate (PBR) plan administered by the Illinois Commerce Commission.
April 2, 2007
Nicor, Former COO to Pay $10M to Settle SEC Charges
Nicor Inc. and its former controller agreed Thursday to pay more than $10 million to settle charges brought by the Securities and Exchange Commission (SEC) that they engaged in improper transactions, made material misrepresentations and failed to disclose material information regarding Nicor’s gas inventory in order to meet earnings targets and increase the company’s revenues under a performance-based rate (PBR) plan administered by the Illinois Commerce Commission.
March 30, 2007
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