Friday

Western GOP Congressmen Blast EPA’s Record on Fracking

The Environmental Protection Agency (EPA) was put in the hot seat Friday as House lawmakers took the agency to task for its flawed reports on hydraulic fracturing (fracking), most notably the December 2011 report that found groundwater in Pavillion, WY, to be contaminated. That report was later retracted. And before directing any more funds to the EPA for reseach into fracking, the lawmakers demanded that the agency provide Congress with more information on their reseach activities so far.

April 29, 2013

Chevron Projects, Maintenance Lift Spending, Cut Profits

Chevron Corp. on Friday said quarterly earnings were down 4.5% and revenue was off more than 6% as the integrated major spent for some big-ticket natural gas projects that won’t be ramping up for years, and it dealt with refinery maintenance issues in the United States.

April 29, 2013

Appeals Court Rejects Industry Challenge of SEC Reporting Rule

A federal court of appeals in Washington, DC, Friday dismissed an industry challenge to a Securities and Exchange Commission (SEC) rule requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.

April 29, 2013

Ohio Water District Approves Sales to Antero, Gulfport For Utica Development

The Muskingum Watershed Conservancy District (MWCD) approved two separate agreements Friday to provide water from several managed lakes in eastern Ohio for approximately three months to Antero Resources and Gulfport Energy Corp. for Utica Shale operations.

April 23, 2013

Senate Confirms Sally Jewell to Head Interior Department

Sally Jewell was sworn in as Interior secretary Friday, two days after the Senate approved the Obama administration nominee by an 87-11 vote.

April 15, 2013

Magnum Hunter Drilling First Utica Target

Magnum Hunter Resources Corp. said Friday it has dropped a drillbit into its first Utica Shale horizontal target in Ohio’s northern Washington County.

April 15, 2013

West Virginia Nears Passage of Frack Fluid Trade Secret Bill

A bill that would allow companies to classify as trade secrets chemicals and concentrations used in hydraulic fracturing (fracking) fluids passed the muster of a key committee on Tuesday, and is nearing final passage in the West Virginia Legislature.

April 12, 2013

OSHA Investigating West Texas Oil Well Blowout

Two workers were killed and three others hospitalized Friday morning in an oil well blowout in the Bone Spring tight sands formation in West Texas, near Barstow.

April 10, 2013

CFTC Gives End-Users Relief from Reporting, Recordkeeping Requirements

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) Friday issued no-action relief for end-users from certain reporting and recordkeeping requirements under the Dodd-Frank law. The requirements were to go into effect on Wednesday.

April 8, 2013

Resolute Rethinks Permian Plan, Production Outlook

Resolute Energy Corp. said Friday it plans to run with the Wolfcamp pack this year and increase net production by more than 50% over the 2012 level, reflecting, in part, recent acquisitions in Midland and Ector counties, TX.

April 8, 2013