Ohio Gov. John Kasich is reportedly considering raising severance taxes on oil and natural gas, new taxes for the extraction of natural gas liquids (NGL) and a new impact fee on oil and gas operations.
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Encana: EPA Report Flawed ‘At Almost Every Step’
An Encana Corp. official in December delivered a blistering response to the Environmental Protection Agency’s (EPA) recent draft report linking water contamination in Pavillion, WY, to chemicals used in hydraulic fracturing (fracking).
SandRidge, Repsol to Jointly Develop Kansas Oil Play
SandRidge Energy Inc. has eliminated some funding issues hanging over its development plans after securing a $1 billion joint venture (JV) in a key onshore play with Spain’s Repsol YPF SA.
Williams Planning Eastbound Marcellus Outlet
The Marcellus Shale is the eastern United States’ new natural gas supply source of choice, and Williams is in the process of developing a new pipeline to connect supply with market via Williams’ existing Transcontinental Gas Pipe Line (Transco).
Encana: EPA Frack Water Report Flawed ‘At Almost Every Step’
An Encana Corp. official Tuesday delivered a blistering response to the Environmental Protection Agency’s (EPA) recent draft report linking water contamination in Pavillion, WY, to chemicals used in hydraulic fracturing (fracking).
Encana Shifts Spending from Gas to Liquids
Encana Corp. delivered strong operational performance in 3Q2011, with North American onshore natural gas and liquids output up 6% from the year-ago period, the company said Thursday. However, CEO Randy Eresman said many of the gas giant’s “drier” plays will see less spending in 2012 to direct more of the budget to pricier liquids-rich and oily shales.
Encana’s Onshore Output Jumps 6%
Encana Corp. delivered strong operational performance in 3Q2011, with North American onshore gas and liquids output up 6% from the year-ago period, the company said Thursday.
Schlumberger Sees Rebound Offshore, Growth Onshore
Led by soaring growth in North America — onshore and in the Gulf of Mexico (GOM) — Schlumberger Ltd. on Friday delivered a 65% jump in earnings and double-digit revenue growth in the second quarter from a year earlier.
Transportation Notes
Southern California Gas declared a high-linepack OFO for Saturday, saying it would assess Buy-Back charges to customers that delivered into its system more than 110% of their actual gas usage on the OFO day.
ONEOK Partners Advances Bakken Midstream Projects
ONEOK Partners plans to invest another $260-305 million between now and the end of 2014 for new projects in the Bakken Shale in the Williston Basin, with most of the money earmarked for natural gas midstream projects.