Establish

Shale-Focused EXCO Gets Buyout Offer

EXCO Resources Inc. CEO Douglas Miller has proposed a buyout of the company at $20.50/share cash, the Dallas-based natural gas-focused exploration and production company said Monday. Oilman T. Boone Pickens as well as two investment firms are said to be in on the offer, which is worth $4.36 billion.

November 2, 2010

Bipartisan Senate Gas Caucus in the Offing

Not to be outdone by their House counterparts, Sens. Mary Landrieu (D-LA) and Saxby Chambliss (R-GA) are working to establish a natural gas caucus in the Senate, a Landrieu spokesman said.

October 23, 2009

Congress Needs to Act on Carbon, FERC Commissioner Says

Congress needs to take action on carbon pricing to establish more parity between renewables and fossil fuels that historically have enjoyed generous tax code subsidies, FERC Commissioner Marc Spitzer, a former tax attorney and Arizona state regulator, told a Law Seminars International conference, “Energy in California,” Tuesday in San Francisco.

September 17, 2009

API: Keep Interior’s Eyes on Natural Gas Prize

The U.S. Department of Interior’s (DOI) decision to establish renewable energy zones should be applied to natural gas and oil resources as well, according to the American Petroleum Institute (API).

March 13, 2009

Alabama Board Grants Falcon’s MoBay Storage Hub Petition

The Alabama Oil and Gas Board has granted the petition of MoBay Storage Hub LLC to establish the North Dauphin Island Gas Storage Facility, a 50 Bcf high-deliverability, multi-cycle (HDMC) underground storage operation designed to serve as a hub with multiple pipeline connections at the eastern end of the Gulf Coast, MoBay said last Thursday.

October 20, 2008

Alabama Board Grants Falcon’s MoBay Storage Hub Petition

The Alabama Oil and Gas Board has granted the petition of MoBay Storage Hub LLC to establish the North Dauphin Island Gas Storage Facility, a 50 Bcf high-deliverability, multi-cycle (HDMC) underground storage operation designed to serve as a hub with multiple pipeline connections at the eastern end of the Gulf Coast, MoBay said Thursday.

October 17, 2008

Interior IG to Establish Oversight Unit to Monitor Royalty Collections

The Interior Department’s Inspector General’s (IG) Office is moving to establish a royalty oversight unit to ensure the adequate collection of revenues from oil and natural gas production on federal and Indian lands, IG Earl Devaney said last Tuesday.

March 17, 2008

Interior IG to Establish Oversight Unit to Monitor Royalty Collections

The Interior Department’s Inspector General’s (IG) Office is moving to establish a royalty oversight unit to ensure the adequate collection of revenues from oil and natural gas production on federal and Indian lands, IG Earl Devaney said Tuesday.

March 12, 2008

Decision on LNG-Related Mitigation Costs Upheld

FERC last Thursday on rehearing affirmed an April order in which it declined to establish a mechanism in interstate pipeline tariffs that would provide for recovery of mitigation and repair costs incurred by downstream gas users as a result of the introduction of revaporized liquefied natural gas (LNG) into their systems.

December 24, 2007

Decision on LNG Mitigation-Related Costs Upheld

FERC Thursday on rehearing affirmed an April order in which it declined to establish a mechanism in interstate pipeline tariffs that would provide for recovery of mitigation and repair costs incurred by downstream gas users as a result of the introduction of revaporized liquefied natural gas (LNG) into their systems.

December 21, 2007