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.
Friday
Articles from Friday
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.
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.
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.
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.
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.
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.
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.
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.
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.