Exists

Initial findings indicate a “possible correlation” exists between a series of recent small earthquakes in the Barnett Shale and one of Chesapeake Energy Corp.’s reinjection wells used to dispose of saltwater, officials said last week. As a precaution, Chesapeake said it has shut two disposal wells.

Initial findings indicate a “possible correlation” exists between a series of recent small earthquakes in the Barnett Shale and one of Chesapeake Energy Corp.’s reinjection wells used to dispose of saltwater, officials said late Thursday. As a precaution, Chesapeake said it has shut two disposal wells.

ExxonMobil Corp. CEO Rex Tillerson told shareholders last week “no single energy source exists today” to move the world significantly beyond using natural gas, oil and coal for decades. To 2030 “and beyond,” he said, only fossil fuels will solve the growing demand for energy.

ExxonMobil Corp. CEO Rex Tillerson said Wednesday “no single energy source exists today” to move the world significantly beyond using natural gas, oil and coal for decades. To 2030 “and beyond,” he said, only fossil fuels will solve the growing demand for energy.

Consultants hired by the staff of the Virginia State Corporation Commission (SCC) agree that a critical need exists for electric reliability improvements by 2011 in northern Virginia and recommend that Dominion Virginia Power’s proposed route for a transmission line would meet that need with the least impact to the state, the Richmond, VA-based utility said Wednesday.

High line pack exists on Kern River’s entire system. Shippers and operators were asked by the pipeline Monday to stay on rate.

Dominion Resources Inc. is considering a shake up of its wide-ranging business operations that may include a spin-off or sale of its profitable exploration and production (E&P) business and some nonstrategic assets next year. The move, said CEO Tom Farrell last week, will allow the company to refocus on its utility operations.

The results of a FERC survey suggest that about 37,500 MW of electricity demand response (DR) potential currently exists in the U.S. That figure is based on existing DR efforts in the U.S., not the total potential if DR had more penetration in the country.

As part of a study to determine whether viable competition exists in the Texas natural gas pipeline industry, the Texas Railroad Commission (RRC) is hosting seven workshops statewide to gather input from gas producers, gas gatherers, gas processors and gas pipeline operators.