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.
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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.
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.
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).
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.
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.
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.
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.
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.
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.