Effects

The Florida Senate’s Environmental Preservation and Conservation Committee will take up a study of the effects of offshore drilling, according to Senate President Jeff Atwater (R-Palm Beach).

Despite the lingering effects of hurricane damage to its Discovery offshore gathering system in the Gulf of Mexico and an ongoing integrity project at its Douglas pipeline in Wyoming, DCP Midstream Partners LP has no plans to lower its payout, according to CEO Mark Borer.

Despite the lingering effects of hurricane damage to its Discovery offshore gathering system in the Gulf of Mexico and an ongoing integrity project at its Douglas pipeline in Wyoming, DCP Midstream Partners LP has no plans to lower its payout, according to CEO Mark Borer.

With concerns mounting about the effects of hydraulic fracturing on water supplies, New York Rep. Maurice Hinchey last week vowed to aggressively push to close a legislative loophole that exempts the drilling practice from regulation under the federal Safe Drinking Water Act (SDWA).

With concerns mounting about the effects of hydraulic fracturing on water supplies, New York Rep. Maurice Hinchey Wednesday vowed to aggressively push to close a legislative loophole that exempts the drilling practice from regulation under the federal Safe Drinking Water Act (SDWA). If the legislation passes, it could be a game-changer for the natural gas industry, because nine out of every 10 gas wells use the process, a producer told NGI.

September natural gas futures plunged Monday as traders sought to discount the effects of Tropical Storm Edouard and shift their attention to the economy and a sympathetic drop by crude oil. September futures swan-dived 66.3 cents to $8.726 and the October contract fell 65.8 cents to $8.836. September crude oil dropped $3.69 to $121.41/bbl.

An ongoing study of the effects of coalbed methane production water discharge on crops, soils and Tongue River water in Montana continues to find no harmful impacts. The study is funded by the Montana Board of Oil and Gas Conservation (MBOGC), an agency of the Department of Natural Resources and Conservation (DNRC).

An ongoing study of the effects of coalbed methane production water discharge on crops, soils and Tongue River water in Montana continues to find no harmful impacts. The study is funded by the Montana Board of Oil and Gas Conservation (MBOGC), an agency of the Department of Natural Resources and Conservation (DNRC).

The subprime mortgage-related credit crunch already has led to a significant slowdown in energy project finance, and its effects likely will be felt through 2008, according to energy consultants with Washington, DC-based Pace Global Energy Services.