The Delaware River Basin Commission (DRBC) unveiled a proposed “One Process/One Permit” (OPOP) program on Friday, designed to promote efficiency and cooperation between the commission and the regulatory agencies of its four member states.
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Concho Taking Basis by the Horns in Permian Midstream Buildout
Permian Basin crude oil pricing increasingly is impacted as bottlenecks develop, but Concho Resources Inc. isn’t waiting around for someone else to expand the midstream systems, CEO Tim Leach said on Thursday.
Constitution Pipeline, Leatherstocking Eye Expanding North PA/South NY Gas Service
Looking to facilitate local natural gas service to homes and businesses in southern New York and northern Pennsylvania that have never had the option before, Constitution Pipeline Co. LLC and Leatherstocking Gas Co. LLC announced plans this week to install four delivery taps along Constitution's proposed pipeline route. Gas could flow to these targeted municipalities by late 2015.
BHP Culling West Texas Assets Through Sales
BHP Billiton Inc. is selling a portion of its Permian assets in the Delaware and Midland basins in two separate packages representing 250,000 acres combined, as it high-grades its West Texas holdings.
DRBC Executive Director to End 15-Year Tenure
The Delaware River Basin Commission (DRBC), which has played a key role in the de facto moratorium on oil and gas drilling in the basin, will soon begin a search for a new executive director, following Carol Collier’s announcement Thursday that she will retire March 12, 2014.
Permian Oil Propels Devon to Record Average Daily Production
Strong growth in oil production — especially in the Permian Basin — propelled Devon Energy Corp. to record the highest average daily production rate in its history during the second quarter of 2013, as the company also saw positive test results in the Woodford Shale.
EOG Increases Production Growth Estimate on Eagle Ford Strength
Production of crude oil, condensate, natural gas liquids (NGL) and other liquids was up 30% in 2Q2013 at EOG Resources compared with 2Q2012, and the Houston-based company expects significant increases to come in the full year 2013.
Pennsylvania Supreme Court Quashes PUC Appeal on Act 13
The Pennsylvania Supreme Court quashed an appeal by the state Public Utility Commission (PUC) on Thursday, leaving in place a judge’s order that the commission cannot use a review process to enforce some provisions of Act 13, the state’s omnibus Marcellus Shale law.
Chesapeake Revamping Corporate Governance, Reining in McClendon
Chesapeake Energy Corp.’s share price had fallen more than 4% in afternoon trading Tuesday following news a day earlier to revamp corporate governance and rein in spending and compensation. Among other things, CEO Aubrey McClendon won’t receive a bonus for 2012 and some of his perquisites have been cut.
DRBC Launches Online Surface Water Reporting
The Delaware River Basin Commission (DRBC), which governs water use for a portion of the Marcellus Shale, has launched an online reporting system for the Water Supply Charges Program (WSCP) to streamline operations. All reports beginning this year must be completed online; reporting and payment deadlines are unchanged.