Fouling

Range Resources Corp. Tuesday was cleared of fouling North Texas water wells with natural gas by a unanimous vote of the Railroad Commission of Texas (RRC). It was vindication for the Fort Worth, TX-based producer and an informal indictment of the Environmental Protection Agency (EPA) — not that anyone from the federal agency was at the meeting in Austin, TX, to hear it.

Range Resources Corp. Tuesday was cleared of fouling North Texas water wells with natural gas by a unanimous vote of the Railroad Commission of Texas (RRC). It was vindication for the Fort Worth, TX-based producer and an informal indictment of the Environmental Protection Agency (EPA) — not that anyone from the federal agency was at the meeting in Austin, TX, to hear it.

It is a perfect storm of conflicting economic supply/demand winds in the North American natural gas markets that is fouling the immediate futures of many independent electric generators, and the credit ratings of some of the merchant power firms are suffering, according to an industry report released last Thursday by Standard & Poor’s Ratings Services (S&P), “U.S. Power Merchants Continue to Suffer from Low Natural Gas Prices.”