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Cuts

House Panel Strikes Inspection Fee Hike, Clips EPA’s Wings

The GOP-led House Appropriations Committee Tuesday last week voted out a $27.5 spending bill that makes deep cuts in funding for the Interior Department and Environmental Protection Agency (EPA) for fiscal year (FY) 2012.

July 18, 2011

House Subcommittee Adopts Downsized Interior, EPA Budgets

A House Appropriations subcommittee Thursday voted out a $27.5 billion spending bill that cuts funding for the Interior Department and Environmental Protection Agency (EPA) in fiscal year (FY) 2012, and is favorable to oil and natural gas producers.

July 8, 2011

Texas Legislation Seeks Review of High-Cost Well Tax Break

The tax break for high-cost natural gas wells in Texas — which is of particular importance to producers active in the state’s shale plays — continues to draw attention from lawmakers wrangling with a $27 billion budget shortfall.

April 1, 2011

Democrats Slam Proposed CFTC, SEC Budget Cuts

House Democrats last Tuesday slammed Republicans’ proposed budget cuts in the continuing resolution (CR) that could hamper the ability of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to regulate the $300 trillion derivative swaps market during the during the current fiscal year, which began on Oct. 1.

February 21, 2011

Democrats Blast Proposed Cuts to CFTC, SEC in Budget Resolution

House Democrats Tuesday slammed Republicans’ proposed budget cuts in the continuing resolution (CR) that could hamper the ability of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to regulate the $300 trillion derivative swaps market during the 2011 fiscal year (FY).

February 16, 2011

New York’s New DEC Chief Urged Go-Slow Approach to Hydrofracking

Joseph Martens, who was tapped by Gov. Andrew Cuomo on Tuesday to lead New York’s Department of Environmental Conservation (DEC), last year suggested the state wait until a federal study had been completed on hydraulic fracturing (hydrofracking) impacts to health and the environment before implementing rules for Marcellus Shale drillers.

January 6, 2011

Pennsylvania’s New Governor to Cancel Drilling Moratorium

Marcellus Shale drillers in Pennsylvania will gain a sympathetic ear in January when Gov.-elect Tom Corbett takes office.

November 15, 2010

Royalty Cuts Light a Fire Under BC Producers

Royalty cuts by the British Columbia (BC) government ignited natural gas production development with potential to match or exceed the supply addition represented by the proposed Alaska pipeline from the North Slope, Canadian industry analysts say.

July 19, 2010

Net-Profit Royalty Regime Lights a Fire Under BC Producers

Royalty cuts by the British Columbia (BC) government ignited natural gas production development with potential to match or exceed the supply addition represented by the proposed Alaska pipeline from the North Slope, Canadian industry analysts say.

July 19, 2010

Shell Slashing More Jobs, Sources Say

Royal Dutch Shell plc is set to announce “substantial” job cuts in the coming days, sources told NGI Friday.

September 8, 2009