The Marcellus Shale today is the largest U.S. natural gas production region, with output of more than 7 Bcf/d, which has led to a “significant, positive” impact on early movers, but some operators continue to underperform share-wise in the play, according to IHS Inc.
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NuStar Energy LP’s planned acquisition of natural gas liquids (NGL) pipeline and fractionation assets could be in jeopardy as seller TexStar Midstream Services LP told the company in mid-February that it was terminating the sale. NuStar disclosed during a midstream conference presentation in early March that it was evaluating its legal options in the matter. “If NuStar does not complete this acquisition, we do not expect a material adverse impact on our results of operations,” the company said in a presentation to a Morgan Stanley midstream conference. Last November, NuStar said it was buying the Eagle Ford Shale NGL assets, as well as Eagle Ford crude oil pipeline, gathering and storage assets (see Shale Daily, Nov. 9, 2012). The crude oil asset transaction, worth about $325 million, has closed. The pending NGL asset transaction is worth about $100 million.
CFTC Sequestration May Stall Dodd-Frank Reforms
The Commodity Futures Trading Commission (CFTC), a small agency with the herculean task of regulating the derivatives and futures markets, could face severe budget cuts that would prevent it from implementing many of the reforms proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act, said Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) last Wednesday.
CFTC Sequestration May Stall Dodd-Frank Reforms
The Commodity Futures Trading Commission (CFTC), a small agency with the herculean task of regulating the derivatives and futures markets, could face severe budget cuts that would prevent it from implementing many of the reforms proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act, said Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) Wednesday.
Ohio Water District OKs Lease, $41M Bonus With Antero
The Muskingum Watershed Conservancy District (MWCD) agreed Friday to lease more than 6,000 acres under one of the lakes it manages in eastern Ohio to Antero Resources, with a bonus payment of nearly $41 million.
Comstock Feels Transition Pains on Way to Oil
By building positions in the Eagle Ford Shale and the Permian Basin, Comstock Resources Inc. has been Texas two-stepping away from nearly all dry gas production to oil, but the dance hasn’t always been graceful, as fourth quarter results show.
Commission: U.S. Energy Productivity May Double by 2030
Energy productivity could double with significant macro environmental and economic benefits through stepped-up efficiency programs during the next two decades, according to a report by a national nonpartisan commission headed by Sen. Mark Warner (D-VA) and National Grid U.S. President Tom King.
CBO Said Underestimating Benefits of Opening Federal Lands
The federal government could see an additional $24 billion in annual tax revenue over the next seven years if policymakers would lift restrictions on oil and gas activity on public lands, and $86 billion annually thereafter, according to the Institute for Energy Research (IER).
U.S. Energy Productivity Could Double by 2030, Experts Say
Energy productivity could double with significant macro environmental and economic benefits through stepped-up efficiency programs during the next two decades, according to a report by a national nonpartisan commission headed by Sen. Mark Warner (D-VA) and National Grid U.S. President Tom King.
CBO Underestimated Benefits of Opening Federal Lands
The Federal government could see an additional $24 billion in annual tax revenue over the next seven years if policymakers would lift restrictions on oil and gas activity on public lands, and $86 billion annually thereafter, according to a new report from the Institute for Energy Research.