Despite the shale revolution in North America transforming global energy dynamics, the United States is unlikely to disengage completely from the Persian Gulf because other nations still depend on the region and it will still affect the world’s oil prices, according to a draft report presented to the North Atlantic Treaty Organization (NATO).
Decisions
Articles from Decisions
Fifth Circuit Rules Against Chesapeake in Canceled Texas Lease Deal
The U.S. Court of Appeals for the Fifth Circuit in New Orleans has ruled against Chesapeake Energy Corp. in its bid to reverse a $19.7 million judgment over a canceled oil and gas lease offer in Texas, a decision that may hold implications on canceled lease claims by mineral rights owners in several other states.
Poll Shows Shift in Favor of Fracking Among New York State Voters
Public opinion of hydraulic fracturing (fracking) among voters in New York State has shifted in favor of the practice, according to a Quinnipiac University poll released on Wednesday.
LNG Exports Move Closer to Reality
A series of recent decisions by regulators and moves by operators of liquefied natural gas (LNG) facilities indicate the logjam of LNG exports may be easing.
Chenango, NY, Considering One-Year Moratorium on Oil, Gas Activities
Elected officials in the Town of Chenango, NY, voted unanimously on Wednesday to schedule a public hearing over whether to enact a one-year moratorium on oil and natural gas activities, including hydraulic fracturing (fracking).
Act Nationally, Think Globally, Says LNG Export Report
While future U.S. exports of liquefied natural gas (LNG) depend on decisions by the federal government, the ultimate volumes and prices involved will be driven by the global natural gas market, which is rapidly being reshaped, according to a report released Wednesday by a professor at Rice University’s Baker Institute for Public Policy.
Driller Threatens to Sue Over New York Drilling Bans
Lenape Resources Inc., an oil and natural gas producer based in New York, is threatening to sue the state’s Department of Environmental Conservation (DEC) if the agency doesn’t advise three towns in Livingston County that they don’t have the authority to enact local drilling bans.
Arkansas Tax Hike Backer Appeals to SEC
The backer of an initiative to raise the severance tax Arkansas charges natural gas producers has appealed to the U.S. Securities and Exchange Commission (SEC) to scrutinize two energy producers for their indirect funding of anti-tax hike groups and what those groups are telling voters.
With Asset Sale Complete, Norse Turns Focus to New York’s Marcellus, Utica
Banking on the possibility that New York will lift its moratorium on high-volume hydraulic fracturing (fracking) in the near future, Norse Energy Corp. ASA on Thursday completed a $37 million sale of operated production and other assets in the Empire State to EmKey Resources LLC (see Shale Daily, March 19), giving it cash to focus on core properties in the Marcellus and Utica shales in central New York.
Auburn, NY, Votes to Ban Accepting Wastewater
The City Council of Auburn, NY, voted Thursday to stop accepting wastewater generated from hydraulic fracturing (fracking) at natural gas wells, ending more than a decade of the practice and eliminating a major source of revenue for the city.