Decision

The fourth quarter was Carrizo Oil & Gas Inc.’s ninth consecutive quarter of revenue growth and one during which it charted record oil production and oil revenue, affirming the wisdom of management’s decision to transform Carrizo into an oil company, CEO Chip Johnson said.

A Pennsylvania official said royalties from Marcellus Shale natural gas drilling on public lands will add about $60 million to state coffers this year.

Quicksilver Resources Inc. found a silver lining in the recent decision by Canada’s National Energy Board (NEB) to reject TransCanada Corp.’s Komie North Extension pipeline project in the Horn River Basin.

In a split decision, the Allegheny County Council voted on Tuesday to accept a deal with Consol Energy Inc. for Marcellus Shale natural gas drilling rights at Pittsburgh International Airport.

Producers lined up on one side and large consumers on the other in the political countdown to an Obama administration decision on whether to allow unrestricted exports of liquefied natural gas (LNG) to the world market.

A decision by the Department of Interior’s Bureau of Land Management (BLM) to set aside its original federal hydraulic fracturing (fracking) proposal has drawn plaudits from associations representing major oil and natural gas producers.

Coming on the heels of the departure of chemical giant Dow Chemical Co. from the National Association of Manufacturers (NAM) over a dispute involving liquefied natural gas (LNG) exports and a decision by chemical firm Huntsman Corp. to join a coalition opposing gas exports, associations representing interstate natural gas pipelines and gas distribution lines expressed their unwavering support for U.S. sales of domestically produced gas to foreign countries.

The first oilsands project with longer term commercial possibilities in Utah has gotten approval to move forward from a citizen appeal board for the state Division of Oil, Gas and Mining (DOGM). It’s backers say it is the first commercial-scale oilsands project in the United States.

As a study emerged Monday in Canada raising public health concerns about oilsands, groups long opposed to TransCanada Corp.’s Keystone XL oil pipeline blasted a report released Friday evaluating a rerouting of the oilsands-linked pipeline in Nebraska by the state’s Department of Environmental Quality (DEQ).