Enhanced

Devon Energy Corp. said increased production and higher prices for natural gas liquids (NGLs) helped the company earn $1 billion during 3Q2011 as it continues to look for a joint venture (JV) partner to help develop five of its emerging assets.

Pennsylvania Gov. Tom Corbett heeded the advice of his Marcellus Shale Advisory Commission (MSAC) last week by proposing an impact fee, enhanced safety provisions and incentives to increase natural gas consumption, but lawmakers and third party observers expressed skepticism with the plan.

Pennsylvania Gov. Tom Corbett is heeding the advice of his Marcellus Shale Advisory Commission (MSAC) by proposing an impact fee, enhanced safety provisions and incentives to increase natural gas consumption.

Pennsylvania Gov. Tom Corbett is heeding the advice of his Marcellus Shale Advisory Commission (MSAC) by proposing an impact fee, enhanced safety provisions and incentives to increase natural gas consumption.

Despite the National Hurricane Center (NHC) providing greatly enhanced odds of a tropical storm or hurricane named Alex entering the southern Gulf of Mexico by early this week, prices saw small losses at nearly all points Friday.

The size and influence of speculative traders in the oil markets has more than doubled in the past decade, and “enhanced regulations” should be implemented for noncommercial traders, energy economists at Rice University’s Baker Institute for Public Policy said Thursday.

The size and influence of speculative traders in the oil markets has more than doubled in the past decade, and “enhanced regulations” should be implemented for noncommercial traders, energy economists at Rice University’s Baker Institute for Public Policy said Thursday.

Three related reports delivered to Congress last Wednesday revealed the underbelly of the Interior Department’s Minerals Management Service (MMS) that few knew about — one that involves drug usage, sex with oil industry contacts and between employees involved in the agency’s royalty-in-kind (RIK) program, as well as rigging of contracts and other financial misconduct at high levels.

Two days after IntercontinentalExchange (ICE) resubmitted an enhanced acquisition bid for the Chicago Board of Trade (CBOT), the Chicago Mercantile Exchange (CME) on Thursday added value to its own bid for the 159-year-old global derivative exchange. As a result, CBOT’s board of directors announced that ICE’s new bid was not superior to the just revised CME offer. The real test will come July 9 when CBOT’s members and shareholders will get to vote on the proposed merger with CME.