Newfield, Hess Terminate Leases in Pennsylvania

Newfield Exploration Co. and joint venture (JV) partner Hess Corp., have terminated about 1,500 leases in northeastern Pennsylvania, dashing hopes that landowners could earn about $187.5 million in royalties.

July 22, 2013

Cuomo Cuts NY DEC Budget, Dims Hope For More Drilling Inspectors

New York Gov. Andrew Cuomo has proposed slashing the Department of Environmental Conservation’s (DEC) budget by more than one-sixth for the upcoming fiscal year, dashing hopes that the agency could hire additional oil and natural gas drilling inspectors.

January 24, 2013

Renewable Tax Credits Omitted from Stimulus Plan

Dashing the hopes of renewable energy advocates and some lawmakers, the $150 billion economic stimulus package ironed out by the Bush administration and Capitol Hill leaders last week failed to include an extension for renewable energy tax credits that are set to expire at the end of the year.

January 28, 2008