Friday

A U.S. District Court judge in Washington, DC, on Friday dismissed Bloomberg LP’s challenge of the Commodity Futures Trading Commission’s (CFTC) Dodd-Frank regulations on the multi-trillion over-the-counter (OTC) derivatives market.

ExxonMobil Corp. on Friday launched a workforce training initiative to enable the Greater Houston area’s community colleges to prepare students for high-paying jobs in the re-emerging petrochemical manufacturing industry along the Texas Gulf Coast.

Dubbing it the nation’s most stringent, the Illinois state Senate on Friday passed oil and natural gas drilling regulations (SB 1715), sending the proposed provisions to Gov. Pat Quinn for his signature. The governor is expected to sign the bipartisan legislation.

Constitution Pipeline Co. LLC, fully subscribed to carry at least 650,000 Dth/d of natural gas from northern Pennsylvania’s Marcellus Shale to Northeast markets, on Friday gained a new investor.

EQT Corp. released updated information for its investors on Friday, including higher projections for estimated ultimate recovery (EUR) at wells in its core Marcellus Shale acreage, thanks to reduced cluster spacing, longer laterals and a pending deal with Chesapeake Energy Corp.

To support rapidly expanding drilling programs in the Utica Shale’s southern core, MarkWest Utica EMG LLC on Friday agreed to construct a third 200 MMcf/d cryogenic natural gas processor at the Seneca complex in Noble County, OH.

EQT Corp. on Friday said it expects to produce more natural gas in its core Marcellus Shale acreage on reduced cluster spacing, longer laterals and because of a land acquisition from Chesapeake Energy Corp. including higher projections for estimated ultimate recovery (EUR) at wells in its core Marcellus Shale acreage, thanks to reduced cluster spacing, longer laterals and a pending deal with Chesapeake Energy Corp.

To support rapidly expanding drilling programs in the Utica Shale’s southern core, MarkWest Utica EMG LLC on Friday agreed to construct a third 200 MMcf/d cryogenic natural gas processor at the Seneca complex in Noble County, OH.

Bluegrass Pipeline, which if sanctioned would carry surging mixed natural gas liquids (NGL) from the Marcellus and Utica shales to Northeast markets and Gulf Coast petrochemical complexes, faces some hurdles before it would be sanctioned, the project partners said Tuesday.