Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the South Texas region last year, according to a study released Wednesday by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.
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Ohio House Puts Brakes on Governor’s Tax Plans
Ohio Gov. John Kasich said he is prepared to fight his fellow Republicans in the General Assembly who are unenthusiastic about his plans to restructure taxes and regulations on the oil and natural gas industry.
Producers Claim Obama About-Face on Energy in Budget
Oil and natural gas producers decried President Obama’s budget proposal for fiscal year (FY) 2013, which seeks to rescind $41 billion in tax breaks over the next decade and tack on a number of new fees, calling the plan an about-face from his commitment in the State of the Union (SOU) address to support greater domestic energy development.
DOE: New Technology to Remotely Monitor Wells in Marcellus Shale
A new technology to remotely monitor conditions at gas wells in the Marcellus Shale play to ensure compliance with environmental regulations has been developed through a research partnership funded by the Department of Energy (DOE), according to DOE’s Office of Fossil Energy (FE).
Alberta Fluid Spill Spooks Authorities
It was brief and caused no injuries or damage, but the accident set off alarms among regulators, production companies and field contractors
Pennsylvania Law Would Regulate Private Water Wells
A Pennsylvania lawmaker is taking aim at one of the most contentious issues in the Marcellus Shale: gas migration.
Marcellus Seen Tilting Market Westward
El Paso Corp.’s Ruby Pipeline and Kinder Morgan Energy Partners LP’s (KMP) Rockies Express Pipeline (REX) have linked “western and Northeast markets in a way that they were not linked historically,” according to Bentek Energy LLC. And with Kinder Morgan Inc.’s (KMI) pending acquisition of El Paso, the two pipelines are slated to be corporate cousins, at least for awhile.
West Virginia Legislators: Marcellus Bill On Horizon
The co-chairs of a West Virginia panel trying to reach a consensus on Marcellus Shale regulatory reform testified Monday that they believe compromise legislation is within reach and could be enacted in the near future.
Pennsylvania Shale Operator Bonding Too Low, Study Says
As Pennsylvania lawmakers move to increase the bonding requirements for shale operators, a new Carnegie Mellon University (CMU) study questions whether bonding adequately ensures reclamation.
INGAA Advocates Safety Management Principles Over Prescriptive Rules
Improved integrity management principles should continue to be favored, rather than prescriptive rules, to ensure pipeline safety, the Interstate Natural Gas Association of America (INGAA) said in comments filed Wednesday on an advanced notice of proposed rulemaking (ANPR) issued by the Pipeline and Hazardous Materials Safety Administration (PHMSA) (see NGI, Aug. 25).