Expressed

Natural gas association officials on Wednesday publicly expressed optimism about working with a new Democratic Congress, although they acknowledged that the direction of energy policy would likely shift to alternative energy and away from oil and gas in the short run, and that offshore drilling legislation — if not passed by Republicans in the upcoming lame-duck session — would become a back-burner issue.

The expectation for continued strong oil and natural gas prices, as expressed in each commodity’s Nymex strip, has had both positive and negative impacts on the exploration and production sector. It has allowed the industry to substantially pay-down debt, but also has driven up costs for people, equipment and, in particular, assets.

The expectation for continued strong oil and natural gas prices, as expressed in each commodity’s Nymex strip, has had both positive and negative impacts on the exploration and production sector. It has allowed the industry to substantially pay-down of debt, but also has driven up costs for people, equipment and, in particular, assets.

Bush administration officials expressed support last Wednesday for expanded oil and natural gas leasing in the federal Outer Continental Shelf (OCS), as well as the sharing of royalties on production from “new leases in new areas” with coastal states.

Bush administration officials expressed support Wednesday for expanded oil and natural gas leasing in the federal Outer Continental Shelf (OCS), as well as the sharing of royalties from “new leases in new areas” with coastal states.

Three members of Wyoming’s congressional delegation have expressed concern with a FERC administrative law judge’s (ALJ) initial decision that recommends a significantly lower return on equity (ROE) for a Wyoming-to-California pipeline, Kern River Gas Transmission.

A major natural gas pipeline group last Wednesday expressed concern that pending House legislation could restrict the free flow of gas between the U.S. and its “traditional trading partners,” as well as block capital investment in U.S. pipeline and liquefied natural gas (LNG) infrastructure by allies, such as Canada, Mexico, Great Britain and France.

A major natural gas pipeline group Wednesday expressed concern about House legislation that it believes could be interpreted to restrict the free flow of gas and investment in pipeline and liquefied natural gas (LNG) infrastructure in the United States by allies and “traditional trading partners,” such as Canada, Mexico, Great Britain and France.

Key Democratic lawmakers, including Minority Leader Harry Reid of Nevada and Sen. Jeff Bingaman of New Mexico, expressed deep dissatisfaction with the Senate Budget Committee’s approval Thursday of a provision authorizing drilling in the Arctic National Wildlife Refuge (ANWR) as part of the budget package for fiscal year 2007.