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Panel: Prosecute Market Manipulation, Not Speculation

Manipulation of energy markets does occur and should be vigorously prosecuted, but investigators must not cross the line from manipulation into restricting speculation, according to several panelists who spoke at a meeting of the National Association of Regulatory Utility Commissioners (NARUC) in Washington, DC, last Tuesday.

February 23, 2009

Panel: Prosecute Market Manipulation, Not Speculation

Manipulation of energy markets does occur and should be vigorously prosecuted, but investigators must not cross the line from manipulation into restricting speculation, according to several panelists who spoke at a meeting of the National Association of Regulatory Utility Commissioners (NARUC) in Washington, DC, on Tuesday.

February 20, 2009

GMX Joins Growing Chorus, Reduces 2009 Capex Plans

Oklahoma City-based GMX Resources Inc. Monday followed cross-town independent Chesapeake Energy Corp. in announcing plans to drastically reduce capital expenditures (capex) in 2009. The junior independent, considered a pure-play gas producer that has earned success in the emerging Haynesville Shale and Bossier Sands of Louisiana and East Texas, plans to cut its projected spending by 45%.

December 9, 2008

Producers Eager to Explore ‘PennShalevania’

Pennsylvania regulators are lifting a five-year moratorium on natural gas drilling in state forests and later this year may auction 75,000 acres that cross into the Marcellus Shale and Trenton-Black River formations. The move is significant because the Marcellus Shale is said to be the home of anywhere from 1.9 Tcf to 168 Tcf, depending on whom you ask.

April 7, 2008

Pennsylvania to Open State Forests for Deep Gas Leasing

Pennsylvania regulators are lifting a five-year moratorium on natural gas drilling in state forests and later this year may auction 75,000 acres that cross into the Marcellus Shale and Trenton-Black River formations. The move is significant because the Marcellus Shale is said to be the home of anywhere from 1.9 Tcf to 168 Tcf, depending on whom you ask.

April 3, 2008

Calgary’s Petrobank, Peerless Agree to Friendly Merger

Calgary-based Petrobank Energy and Resources Ltd. agreed to buy cross-town junior explorer Peerless Energy Inc. in a friendly deal valued at about C$334 million.

November 27, 2007

BLM Holds Off on Preferred Plan for Moxa Arch Gas Development

The Bureau of Land Management’s (BLM) Kemmerer, WY, office wants a broader cross-section of public comment on a draft environmental impact statement (DEIS) for the Moxa Arch Area (MAA) Infill Gas Development Project before selecting a preferred alternative — something the agency has rarely if ever done before.

October 22, 2007

BLM Holds Off on Preferred Alternative for Moxa Arch Gas Plan

The Bureau of Land Management’s (BLM) Kemmerer, WY, office is looking for a broader cross-section of public comment on a draft environmental impact statement (DEIS) for the Moxa Arch Area (MAA) Infill Gas Development Project before selecting a preferred alternative — something the agency has rarely if ever done before.

October 18, 2007

Plains Exploration Builds U.S. Gas Position with $3.6B Pogo Merger

Houston-based Plains Exploration & Production Co. (PXP) built its emerging domestic natural gas position and nearly doubled its production with an agreement to buy cross-town independent Pogo Producing Co. in a stock and cash transaction valued at $3.6 billion.

July 23, 2007

Plains Builds U.S. Gas Position with $3.6B Pogo Merger

Houston-based Plains Exploration & Production Co. (PXP) built its emerging domestic natural gas position and nearly doubled its production with an agreement to buy cross-town independent Pogo Producing Co. in a stock and cash transaction valued at $3.6 billion.

July 18, 2007