A federal appeals court in Washington, DC, Friday granted the plea of a former natural gas trader for failed hedge fund Amaranth Advisors LLC to overturn an agency order imposing a $30 million penalty for allegedly manipulating natural gas futures.
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Court: FERC Lacks Jurisdiction in Futures Markets
A federal appeals court in Washington, DC, Friday granted the plea of a former natural gas trader for failed hedge fund Amaranth Advisors LLC to overturn an FERC order imposing a $30 million penalty for allegedly manipulating natural gas futures.
NGV Fugitive Methane Emissions Under Microscope
The Environmental Defense Fund (EDF) and West Virginia University have formed a partnership with eight companies/groups to study the fugitive emissions of methane associated with the routine operation of natural gas fleet vehicles fueled by compressed or liquefied natural gas (LNG).
Industry Briefs
The Environmental Defense Fund (EDF) wants to hire a “state regulatory and legislative affairs manager” based in Washington, DC, who would to focus on natural gas. The manager would ” assist in organizing and managing efforts to enact a comprehensive set of regulations and reforms in key natural gas producing states,” with emphasis on the…
Industry Briefs
The Environmental Defense Fund (EDF) wants to hire a “state regulatory and legislative affairs manager” based in Washington, DC, who would to focus on natural gas. The manager would ” assist in organizing and managing efforts to enact a comprehensive set of regulations and reforms in key natural gas producing states,” with emphasis on the Appalachian region. The selected applicant would help “create and manage strategic coalitions and relationships with industry, regulators, policymakers, “grasstops” opinion leaders” and other nongovernmental organizations. Information is available at www.edf.org/jobs/state-regulatory-and-legislative-affairs-manager-natural-gas-program.
Noble Energy Considering Larger Offices in Marcellus
Noble Energy Inc. is considering a move to larger offices in the Marcellus Shale to accommodate its growing presence in the play.
Range to Fund 2013 With Permian Sale
Range Resources Corp. will fund its $1.3 billion 2013 capital expenditures (capex) budget from operating cash flow, available liquidity under its bank credit facility and proceeds from asset sales, including a planned sale of Permian Basin properties in southeastern New Mexico and West Texas, the Fort Worth, TX-based company said last week.
Range to Fund 2013 Capex With Permian Basin Asset Sale
Range Resources Corp. will fund its $1.3 billion 2013 capital expenditures (capex) budget from operating cash flow, available liquidity under its bank credit facility and proceeds from asset sales, including the planned sale of some Permian Basin properties in southeastern New Mexico and West Texas, the Fort Worth, TX-based company said Wednesday.
Freeport-McMoRan Returns to U.S. Energy Roots in $9B Deal
Freeport-McMoRan Copper & Gold on Wednesday returned to its U.S. energy roots with a $9 billion cash-and-stock offer to buy Plains Exploration & Production Co. (PXP), a leading unconventional producer, and McMoRan Exploration Co.
Targa Buying Bakken Crude, NatGas Midstream Assets
Targa Resources Partners LP said Thursday it will acquire all of Saddle Butte Pipeline LLC’s ownership of its Williston Basin crude oil pipeline and terminal system as well as its natural gas gathering and processing operations for $950 million in cash.