A court case to decide the fate of local ordinances, or “home rule” laws, in the emerging Utica Shale is advancing before the Supreme Court of Ohio.
Tag / electricity
Subscribeelectricity
Articles from electricity
Icahn Takes Interest in Talisman
Carl Icahn, whose investments in Chesapeake Energy Corp., among others, led to big changes, has turned his eyes to Calgary’s Talisman Energy Inc., where he now holds a near 6% stake.
Midstream Consolidates Further in Two Deals
Shale-driven consolidation among midstream players continued last week with two separate transactions as operators pursue abundant growth potential in building the infrastructure it will take to get more natural gas and oil to market.
Industry Briefs
President Obamahas accused Republicans of being responsible for restricting oil and natural gas production on federal lands, rather than Democrats, during the government shutdown (seeNGI,Oct. 7). “You know, the Republicans say they’re very concerned about drilling,” the president said at a news briefing. “They say Obama’s been restricting oil [and gas] production, despite the fact that…production is at its highest levels it has been in years and is continuing to zoom up. They say, you know, the Democrats are holding back oil production in this country.”Senate Energy and Natural Resources CommitteeRepublicans quickly fired back. “Forgive us for thinking it slightly insincere of the president to suddenly claim concern about federal oil and natural gas permitting.” The shutdown, which went into effect on Oct. 1, has halted theInteriorDepartment’s processing of onshore permitting and slowed processing for offshore drilling. “So why would the Republicans say to the folks who are interested in drilling for oil, sorry, we can’t let those things be processed…That doesn’t make sense,” Obama said.
First Energy Analyst Sees ‘Much Improved’ Gas Prices
The stars are aligning for “much improved” natural gas prices next year and beyond, said First Energy Capital’s Martin King, vice president for institutional research, and it’s no time for complacent thinking.
Drill, Baby, Drill — Faster Still
The average U.S. onshore drilling rig is producing 2% more wells than it did three months ago, and increasingly, rigs are targeting liquids-rich plays over those known for producing dry gas, according to Baker Hughes Inc.
Arkansas Regulator Said Front Runner to Chair FERC
Regulatory observers believe the odds are high that Colette D. Honorable, who chairs the Arkansas Public Service Commission, is the front runner to take over as head of FERC.
People
TheSenate Energy and Natural Resources Committeevoted out two nominations for high-ranking appointments to theDepartment of Interiorand theDepartment of Energy(DOE), clearingMichael L. Connor, currently commissioner of theBureau of Reclamation, to be the Deputy Secretary of Interior, succeedingDavid Hayes. Prior to becoming commissioner in 2009, Connor served as counsel to the Senate Energy and Natural Resources Committee, where he managed legislation for theBureau of ReclamationandU.S. Geological Survey.The committee also favorably reported the nomination ofElizabeth M. Robinsonto be the undersecretary of energy, filling one of the top positions under Energy SecretaryErnest Moniz. Prior to coming to DOE, Robinson was CFO atNASA, and a White House budget officer. The nominations aren’t likely to be voted on by the full Senate until Congress ends the stalemate over the federal government shutdown and the debt ceiling crisis.
EIA Bumps 2014 Henry Hub Estimate to $4.00/MMBtu
The Henry Hub spot price for natural gas is expected to increase to $4.00/MMBtu next year, compared with an estimated $3.71/MMBtu this year and an average $2.75/MMBtu in 2012, according to the U.S. Energy Information Administration (EIA). Those projections are both higher than EIA had expected last month, when it estimated 2013 to be $3.68/MMBtu and 2014 to be $3.91/MMBtu (seeNGI,Sept. 16).
Santa: Economic Incentive ‘Heart of the Problem’ in New England
The coordination of natural gas and electricity markets is a regional effort that can’t be accomplished by just one side or the other, and it remains unclear who will pay for necessary infrastructure across the region, according to Don Santa, president of the Interstate Natural Gas Association of America (INGAA).