West Virginia, which collected less than $55 million in severance taxes from natural gas operations last year, could see that number jump to nearly $120 million by 2016, thanks in large part to the state’s growing Marcellus Shale industry, according to Deputy Revenue Secretary Mark Muchow.
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Judge Strikes Down Industry Challenge to Requirements in Western Gulf
In his first favorable ruling for the Interior Department, U.S. District Judge Martin Feldman in Louisiana rejected industry allegations that the department exceeded its authority under the Outer Continental Shelf Lands Act (OCSLA) by imposing new permitting requirements for developmental drilling in the western Gulf of Mexico (GOM).
Pennsylvania’s Marcellus Output Shatters Expectations
Marcellus Shale natural gas wells in the northeastern and northcentral part of Pennsylvania led the state in output in 2009 and exceeded some energy industry forecasts, according to well production data issued for the first time.
Pennsylvania’s Marcellus Output Shatters Expectations
Marcellus Shale natural gas wells in the northeastern and northcentral part of Pennsylvania led the state in output in 2009, and exceeded some energy industry forecasts, according to well production data issued for the first time.
EOG Turns Oily, Plans Gas Asset Sales
EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.
EOG to Sell Some Onshore Gas Properties
EOG Resources Inc.’s 2Q2010 revenues generated from crude oil, condensate and natural gas liquids (NGL) production exceeded those from natural gas for the first time in the company’s history, CEO Mark Papa said Friday.
Transportation Notes
Maritimes & Northeast (M&N) receipt nominations have exceeded delivery nominations for gas day Wednesday at the Tennessee Gas interconnect at Dracut (Meter station 30001), a physical delivery meter station. As a result, M&N said it has restricted receipt nominations at Dracut.
Transportation Notes
Maritimes & Northeast said receipt nominations have exceeded delivery nominations at the Tennessee Gas Interconnect at Dracut (Meter station 30001), a physical delivery meter station, for Wednesday. As a result, the pipeline has restricted receipt nominations at Dracut.
Northeast Spikes at Odds With Overall Soft Market
Huge spikes that often well exceeded a dollar at Northeast citygates were in sharp contrast to falling prices elsewhere Thursday. Although lows would continue to be around freezing or below at many locations Friday, including some in the South, a continuing moderation of overall heating load from previous levels combined with Wednesday’s retreat of 21.6 cents by January futures to generate losses at most points.
Transportation Notes
Noting that over the past several days primary firm scheduled volumes through Kemmerer Compressor Station have exceeded design capacity of 655,000 Dth/d and current operational capacity of 680,000 Dth/d, Northwest said Sunday a Recall Advisory and OFO will become effective at the station Tuesday until further notice. Under the Recall Advisory, Northwest asks shippers to immediately recall capacity that is subject to OFO recall provisions. Shippers affected by the Recall Advisory and OFO are those that have a realignment OFO obligation through Kemmerer, the pipeline said. Northwest also lifted at the end of last Friday’s gas day a Declared Deficiency Period at Roosevelt Compressor Station, but it said a related OFO there remained in place due to high scheduled quantities through Roosevelt.