Engaging

In mid-October North Dakota likely exceeded last year’s record-setting oil and gas production, according to state and industry officials who were quoted in a pre-Thanksgiving report out of Bismarck, ND, by the Associated Press. Separately, other local news reports Sunday depicted state officials as worried about proposed federal rules for hydraulic fracturing (fracking), but they told NGI’s Shale Daily the reports were exaggerated.

The Commodity Futures Trading Commission (CFTC) has fined two traders a combined $700,000 for engaging in a fraudulent trade allocation scheme involving natural gas futures contracts and has permanently banned them from trading.

The Commodity Futures Trading Commission has fined two traders a combined $700,000 for engaging in a fraudulent trade allocation scheme involving natural gas futures contracts and has permanently banned them from trading.

Sen. Mel Martinez (R-FL) has offered legislation to block Cuba from engaging in oil and natural gas production off the Florida coastline. Rep. Ileana Ros-Lehtinen (D-FL) said she plans to introduce a similar bill in the House.

Sen. Mel Martinez (R-FL) has offered legislation that would block Cuba from engaging in oil and natural gas production off the Florida coastline. Rep. Ileana Ros-Lehtinen (D-FL) said she plans to introduce a similar bill in the House.

The Senate Energy and Natural Resources Committee has initiated an inquiry into whether traders of natural gas futures contracts are engaging in market manipulation tactics that drive up the prices ultimately paid by end-use gas consumers.

The Senate Energy and Natural Resources Committee has initiated an inquiry into whether traders of natural gas futures contracts are engaging in market manipulation tactics that drive up the prices ultimately paid by end-use gas consumers.

A coalition of 18 Midwest municipal gas utilities has accused five major natural gas producers of engaging in activities to “control and unlawfully” raise the price of gas in the United States in restraint of trade or commerce.

A coalition of 18 Midwest municipal gas utilities has accused five major natural gas producers of engaging in activities to “control and unlawfully” raise the price of gas in the United States in restraint of trade or commerce.