Estate

A group of elected officials, economic development and real estate experts in northeastern Ohio have developed a proposal to create a network of wet gas gathering lines and other infrastructure in the Utica Shale, using the region’s steel industry, abandoned or partially used rail lines and existing highways.

Conventional wisdom says the bursting of the real estate bubble triggered the nation’s latest recession. But a researcher at the University of Texas at Austin (UT) puts the blame on energy — or rather the fact that citizens were forced to pay a greater percentage of their incomes for energy.

Conventional wisdom says the bursting of the real estate bubble triggered the nation’s latest recession. But a researcher at the University of Texas at Austin (UT) puts the blame on energy — or rather the fact that citizens were forced to pay a greater percentage of their incomes for energy.

Five different land use plans (LUP) now in place in the south-central part of Utah that cover about 554,000 acres of public land surface estate administered by the Bureau of Land Management (BLM) may be exchanged for one all-encompassing resource management plan (RMP). Under BLM’s preferred alternative, about 48% of the publicly administered land in the Kanab, UT, region would be open for oil and natural gas leasing.

The legal questions concerning the estate of Enron Corp. founder Kenneth Lay remain unanswered, but the court wranglings for and against ex-CEO Jeffrey Skilling and others involved in alleged misdeeds at the company continued last week in Houston.

The legal questions concerning the estate of Enron Corp. founder Kenneth Lay remain unanswered, but the court wranglings for and against ex-CEO Jeffrey Skilling and others involved in alleged misdeeds at the company continued this week in Houston.

Sempra Energy is deciding whether it will file a counter suit in Mexico against a real estate broker who has accused the company of colluding with Baja California government officials in an “appalling abuse of power and corruption.”

The Eastern States division of the U.S. Department of the Interior’s Bureau of Land Management (BLM) reported Monday that 45 parcels of federal subsurface mineral estate brought in $677,000 through a competitive auction of oil and gas leases on the Ouachita and Ozark National Forests in Arkansas, the DeSoto, Homochitto and Tombigbee National Forests in Mississippi and the Monongahela National Forest in West Virginia.

A group calling itself the Mirant Shareholder Rights Group released several statements last week, blasting bankrupt Mirant’s board and management team for deliberately undervaluing the company’s assets and paying excessive executive compensation despite a “track record of failures.”