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Encana Corp.’s board of directors has concluded that the producer did not collude with “competitors” on land leasing in Michigan two years ago.

Chesapeake Energy Corp. and CEO Aubrey K. McClendon have been notified by the Securities and Exchange Commission (SEC) that the Fort Worth, TX, regional office has begun an informal inquiry and “requested that the company and Mr. McClendon retain certain documents,” the company said after the stock market closed on Thursday.

President Obama has proposed a 50% increase in the fiscal year (FY) 2013 budget for the Commodity Futures Trading Commission (CFTC) to fully implement the regulatory reforms under the Dodd-Frank Wall Street Reform Act. The budget calls for $308 million to be allocated to the agency, $103 million more than the $205 million that was approved for the CFTC in the current fiscal year. The number of full-time employees (FTE) would rise to 1,015 from 710 FTE in FY 2012. The budget request would fund the agency from Oct. 1 through the end of September 2013. In a budget letter to the House and Senate Appropriations committees, CFTC Chairman Gary Gensler acknowledged that the president’s funding request for the agency could be scaled back. “In its internal planning, the Commission must anticipate resources below the president’s FY 2013 budget of $308 million and 1,015 FTE while still fulfilling its mandate,” he wrote.

President Obama has proposed a 50% increase in the fiscal year (FY) 2013 budget for the Commodity Futures Trading Commission (CFTC) to fully implement the regulatory reforms under the Dodd-Frank Wall Street Reform Act.

Water use for hydraulic fracturing (fracking) in Colorado is expected to grow by 35% by 2015, but it will remain a minute portion of the state’s overall water use, according to a report by a trio of state agencies, including the Colorado Oil and Gas Conservation Commission (COGCC).

Unconventional oil and natural gas resources are an increasingly bigger piece of the pie for domestic energy companies, according to a new survey.

FERC Thursday approved Tennessee Gas Pipeline’s and Dominion Transmission Inc.’s proposed system expansions to deliver gas from the Marcellus Shale/Appalachian Basin to existing markets in New England and to the Niagara Falls area of New York.

U.S. suppliers will turn the tables on Canadian rivals in the North American natural gas market by fully reversing current cross-border flows in the Niagara Falls trading region of Ontario and New York State, TransCanada Corp. predicts.

U.S. suppliers will turn the tables on Canadian rivals in the North American natural gas market by fully reversing current cross-border flows in the Niagara Falls trading region of Ontario and New York State, TransCanada Corp. predicts.