Favor

Triple-Digit Storage Builds Seen; November Continues Slide

November natural gas posted a new low Wednesday as traders could find no arguments in favor of higher prices and anticipated a government storage report expected to increase the long-term surplus and narrow considerably the deficit to last year’s record storage levels. At the close November had fallen 6.8 cents to $3.570 and December had given up 6.0 cents to $3.884. November crude oil bounded higher by $4.01 to $79.68/bbl.

October 6, 2011

Anschutz Sues New York Town Over Drilling Ban

An attorney representing Anschutz Exploration Corp. (AEC) has filed suit against the Town of Dryden, NY, arguing that the town of overstepped its authority when it enacted an ordinance and a zoning requirement this summer banning all oil and gas development activities.

September 21, 2011

New Jersey’s Christie Vetoes Fracking Legislation

New Jersey Gov. Chris Christie on Thursday issued a conditional veto of legislation that would have permanently prohibited wells in the state from being hydraulically fractured (fracked). However, the Republican governor issued a one-year moratorium on the well stimulation technique and recommended that state lawmakers take up the bill again and revise it.

August 26, 2011

Producers Clamoring for Hydrofrack Services, Says Halliburton CEO

Demand for oilfield services in North America’s onshore — especially hydraulic fracturing (hydrofracking) — is growing faster than companies can add equipment, Halliburton CEO Dave Lesar said Monday.

July 20, 2011

EPA Finalizes ‘Good Neighbor’ Emissions Rules

In a move that may work in the favor of natural gas interests, the Environmental Protection Agency (EPA) has finalized Clean Air Act protections “that will slash hundreds of thousands of tons of smokestack emissions,” EPA said Thursday.

July 11, 2011

EPA Finalizes ‘Good Neighbor’ Emissions Rules

In a move that may work in the favor of natural gas interests, the Environmental Protection Agency (EPA) has finalized Clean Air Act protections “that will slash hundreds of thousands of tons of smokestack emissions,” EPA said Thursday.

July 8, 2011

Chevron Grabs Million-Plus Acres in U.S. Shale Basins

Chevron Corp., which had eschewed domestic shale plays in favor of the deepwater, on Tuesday reversed course, agreeing to pay a total of $4.3 billion to acquire Atlas Energy Inc.’s million-acre-plus U.S. shale leasehold.

November 10, 2010

Mexican Court Rules for Sempra, Sets August Hearing

A hearing last Tuesday in a federal district court in Mexico ruled in Sempra Energy’s favor but did not end a bitter legal dispute over Sempra’s liquefied natural gas (LNG) facility along the North Baja California Pacific Coast and a would-be landowner seeking 250 acres adjacent to the site.

July 12, 2010

EPA Proposal Clears Air for Gas Interests

A regulation proposed last week by the Environmental Protection Agency (EPA) may work in the favor of natural gas interests because it will require power plants to reduce emissions of sulfur dioxide (SO2) and nitrogen oxides (NOx) to meet state-by-state emission reductions in 31 eastern states and the District of Columbia.

July 12, 2010

Mexican Court Rules for Sempra, Sets August Hearing

A hearing Tuesday in a federal district court in Mexico ruled in Sempra Energy’s favor but did not end a bitter legal dispute over Sempra’s liquefied natural gas (LNG) facility along the North Baja California Pacific Coast and a would-be landowner seeking 250 acres adjacent to the site.

July 9, 2010