Floor

Boosted by record volume done on its exchanges, CME Group Inc., which recently announced plans to shutter its New York trading floor, reported record revenue of $934 million and record operating income of $574 million for the first quarter of 2016.

The Senate Energy and Natural Resources Committee Thursday voted to move President Obama’s nomination of Sally Jewell for Interior secretary to the Senate floor.

The Senate Energy and Natural Resources Committee Thursday voted to move President Obama’s nomination of Sally Jewell for Interior secretary to the Senate floor.

After a five-year slide that lopped 75% off prices received by Alberta producers, Canadians are braced to bump into a floor under the buyers’ market for natural gas.

After a five-year slide that lopped 75% off prices received by Alberta producers, Canadians are braced to bump into a floor under the buyers’ market for natural gas.

Southwestern Energy Co. said it will spend slightly less next year in the Fayetteville Shale while it nearly doubles spending in the Marcellus Shale in Pennsylvania. Overall, Southwestern’s 2012 capital program is pegged at $2.3 billion, up from about $2.1 billion in 2011. Production is expected to climb about 15% from this year.

Pennsylvania lawmakers approached Halloween hoping to bring drilling impact fee legislation to the Senate floor before the end of October, but after failing to resolve major issues over the weekend they now hope to pass a bill before Thanksgiving.

The debate over generating revenue from the natural gas industry in Pennsylvania took a linguistic turn this week when a national tax opponent said that an impact fee working through the General Assembly is actually a tax.

Quicksilver Resources Inc. set a production record in the first quarter, thanks mainly to the company’s Barnett Shale and Horn River activities. However, the company posted a net loss for the quarter due to one-time items and lower natural gas prices.