Aubrey McClendon, 56, the former chief and co-founder of Chesapeake Energy Corp., and an early leader of the shale revolution that transformed the energy industry, was killed instantly Wednesday in a single-car crash in Oklahoma City.
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An estimated 4,700 gallons of hydrochloric acid (HCL) that were spilled on Wednesday at a Chief Oil & Gas LLC drilling operation in Leroy Township in Bradford County, PA, had been remediated almost entirely by Thursday, officials said.
Arkansas should increase its severance tax rate on natural gas production, including production from the Fayetteville Shale, to help pay for road repairs in gas producing areas, said Sheffield Nelson, former CEO of Arkla Inc., the state’s largest gas company. Nelson was among those who pushed for the state’s last severance tax increase three years ago.
A proposed severance tax on natural gas drilling in Pennsylvania may be dead this year, but the issue could return during the 2011 legislative session and it lives on in the campaigns of the candidates for governor. With Democratic Gov. Ed Rendell leaving office in January and the makeup of the state’s currently Democrat-dominated House and Republican-dominated Senate likely to change with the Nov. 2 election, Pennsylvania’s Marcellus policies could be looking at a facelift next year.
An upstate New York man accused of bilking investors out of $35 million in a Ponzi scheme involving oil and gas exploration in Kentucky and Tennessee is dead from an apparent suicide. Ashvin Zaveri, 71, late last year was charged with 16 counts of money laundering and mail and wire fraud dating back to 2003 (see NGI, Dec. 21, 2009). Zaveri shot himself on a park bench in the Rochester, NY, suburb of Mendon, the Associated Press reported. Zaveri had been expected to plead guilty to tax and fraud charges in September. He faced six to eight years in prison.
The cap-and-trade system for controlling greenhouse gas emissions that is being promoted by the Obama administration and congressional Democrats is a “dead end” and “an enormous threat to our economy,” according to Alaska Gov. Sarah Palin.
The Department of Energy (DOE) may have shelved the FutureGen project last year, but the clean coal initiative is not dead, and it may, in fact, be on the verge of a rebirth, according to FutureGen Alliance spokesman Lawrence Pacheco.
Going from moribund to dead, a proposed 1 Bcf/d liquefied natural gas (LNG) terminal in Long Beach Harbor along the Southern California coast was officially dropped Friday with the sponsor Mitsubishi Corp. notifying FERC. It had been barely breathing since a California Superior Court judge in Los Angeles refused to force the port to complete a final environmental assessment of the proposal (see Daily GPI, May 28).
Going from moribund to dead, a proposed 1 Bcf/d liquefied natural gas (LNG) terminal in Long Beach Harbor along the Southern California coast was officially dropped Friday with the sponsor Mitsubishi Corp. notifying FERC. It had been barely breathing since a California Superior Court judge in Los Angeles refused to force the port to complete a final environmental assessment of the proposal (see NGI, June 2).