U.S. domestic crude oil production is at its highest level in 20 years, outstripping pipeline capacity and, increasingly, making its way to refineries and storage centers via railroads, according to the Energy Information Administration (EIA).
Edward
Articles from Edward
Royalty-Free Leases May Have Cost U.S. $11B in Revenue
A report released last week by Rep. Edward Markey (D-MA) contends that more than 100 oil and natural gas companies are drilling in U.S. waters in the Gulf of Mexico (GOM) without paying royalties to the federal government. Nearly 40% of these active royalty-free leases are fully or partially owned by foreign governments, the report indicated.
March 4, 2013
Royalty-Free Leases May Have Cost U.S. $11B in Revenue
A new report released Tuesday by Rep. Edward Markey (D-MA) contends that more than 100 oil and natural gas companies are drilling in U.S. waters in the Gulf of Mexico (GOM) without paying royalties to the federal government. Nearly 40% of these active royalty-free leases are fully or partially owned by foreign governments, the report indicated.
February 28, 2013
Obama Called on to Cap LNG Exports
Rep. Edward Markey of Massachusetts, the leading Democrat on the House Natural Resources Committee, and Sen. Ron Wyden of Oregon, a senior Democrat on the Senate Energy and Natural Resources Committee, on Thursday urged President Obama to use his power under the Energy Policy and Conservation Act of 1975 to restrict the export of natural gas, coal, petroleum products and petrochemical feedstocks. Markey earlier in the year introduced two bills to block liquefied natural gas (LNG) exports (see Daily GPI, Feb. 15).
June 4, 2012
Obama Called on to Cap LNG Exports
Rep. Edward Markey of Massachusetts, the leading Democrat on the House Natural Resources Committee, and Sen. Ron Wyden of Oregon, a senior Democrat on the Senate Energy and Natural Resources Committee, on Thursday urged President Obama to use his power under the Energy Policy and Conservation Act of 1975 to restrict the export of natural gas, coal, petroleum products and petrochemical feedstocks. Markey earlier in the year introduced two bills to block liquefied natural gas (LNG) exports.
June 4, 2012
Markey Introduces Bills to Block LNG Exports
A pair of bills introduced Tuesday by Rep. Edward Markey (D-MA) would block the exportation of domestic natural gas, which Markey said would lead to higher prices in the United States.
February 15, 2012
House Bill Seeks to Impose Fee on Nonproducing Oil, Gas Leases
Rep. Edward Markey (D-MA) and Rep. Rush Holt (D-NJ) introduced legislation Thursday to establish an escalating fee on the “tens of millions of acres of public lands” that oil and natural gas producers have under leases but which are not producing. The objective of the measure is to compel companies to produce on existing leases before they can acquire new leases, a Markey spokeswoman said.
March 7, 2011
House Bill Seeks to Impose Fee on Nonproducing Oil, Gas Leases
Rep. Edward Markey (D-MA) said he and Rep. Rush Holt (D-NJ) planned to introduce legislation Thursday to establish an escalating fee on the “tens of millions of acres of public lands” that oil and natural gas producers have under leases but which are not producing.
March 4, 2011
U.S. Shale Gas Causing ‘Ripple Effects’ Abroad, Says Analyst
The United States has become a “surplus natural gas producing country essentially forever” because of shale gas, Credit Suisse analyst Edward Morse said recently.
October 29, 2010
Anadarko, Pennsylvania Finalize Gas Lease Agreement
Pennsylvania Gov. Edward G. Rendell said Tuesday the Department of Conservation and Natural Resources (DCNR) finalized a natural gas lease agreement, which would allow the state to meet its need for revenue from drilling next year, while also fulfilling its obligation to protect Pennsylvania’s natural resources.
May 13, 2010
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