A deal was finalized Friday in a Houston federal court to reduce the prison sentence of former Enron Corp. CEO Jeffrey Skilling by almost a decade to 14 years, making him eligible for release from a Denver federal prison in 2017. The Department of Justice in May had reached an agreement with Skilling, 59, under which Skilling waived his right to any further appeals and allowed more than $40 million of his forfeited assets to be distributed to victims of Enron’s collapse in 2001 (see Daily GPI, May 9). Skilling was convicted in 2006 on 19 criminal counts and sentenced to 24 years and four months (see Daily GPI, May 26, 2006). The U.S. Court of Appeals for the Fifth Circuit in New Orleans twice said the sentence had been miscalculated (see Daily GPI, April 8, 2011).
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A deal has been finalized in a Houston federal court to reduce the prison sentence of former Enron Corp. CEO Jeffrey Skilling by almost a decade to 14 years, making him eligible for release from a Denver federal prison in 2017. The Department of Justice in May had reached an agreement with Skilling, 59, under which he waived his right to any further appeals and allowed more than $40 million of his forfeited assets to be distributed to victims of Enron’s collapse in 2001 (see NGI, May 13). Skilling was convicted in 2006 on 19 criminal counts and sentenced to 24 years and four months (see NGI, May 29, 2006). The U.S. Court of Appeals for the Fifth Circuit in New Orleans twice said the sentence had been miscalculated (see NGI, April 11, 2011).
EPA Final Report on Fracking Water Impact Due in 2016
The Environmental Protection Agency’s (EPA) report on the potential impacts of hydraulic fracturing (fracking) on drinking water resources will likely be finalized in 2016, the agency said Wednesday.
Colorado Oil Production at 50-Year High in 2012
Colorado’s oil production last year passed the 40 million bbl mark for the first time in 50 years, while natural gas and coalbed methane (CBM) production were down in the face of stubbornly low prices, according to preliminary data from the Colorado Oil and Gas Conservation Commission (COGCC).
Pennsylvania DEP Paves Way for Use of Acid Mine Water in Fracking
The Pennsylvania Department of Environmental Protection has finalized the process it will use for encouraging and reviewing proposals to use mine-influenced water, such as acid mine drainage, in oil and gas extraction operations from shale formations.
Pennsylvania DEP Publishes Final Permit Improvement Policies
The Pennsylvania Department of Environmental Protection (DEP) announced Friday that it has finalized new guidelines intended to expedite the drilling permit application process.
Pennsylvania DEP Unveils Air Aggregation Guidance for Drilling
The Pennsylvania Department of Environmental Protection (DEP) has finalized its technical guidance for single source air quality permitting for exploration, extraction and production activities from oil and natural gas operations.
Pennsylvania Unveils Air Aggregation Guidance for Oil, Gas Drilling
The Pennsylvania Department of Environmental Protection (DEP) said Friday it has finalized its technical guidance for single source air quality permitting for exploration, extraction and production activities from oil and natural gas operations.
Interior to Finalize New Five-Year OCS Leasing Program Within Days
U.S. Department of Interior (DOI) Secretary Ken Salazar said Tuesday the finalized version of the five-year program for Outer Continental Shelf (OCS) leasing expected to be released within days will follow a “targeted” format. He also affirmed it was “highly likely” that Royal Dutch Shell plc will be granted the permits to drill exploratory wells in Alaska’s Chukchi Sea this summer.
Pennsylvania PUC Finalizes Act 13 Impact Fee Procedures
The Pennsylvania Public Utility Commission (PUC) on Thursday finalized how the new unconventional natural gas drilling impact fee for Marcellus Shale operators enacted under Act 13, will be imposed, implemented and collected, but because of pending litigation, rules that govern oil and gas operations were not addressed.
