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Pennsylvania Governor Unveils Well Impact Fee

Pennsylvania Gov. Tom Corbett is heeding the advice of his Marcellus Shale Advisory Commission (MSAC) by proposing an impact fee, enhanced safety provisions and incentives to increase natural gas consumption.

October 4, 2011

ONEOK: NGLs to Help Lift Income in 2012

Higher than previously anticipated earnings in its natural gas distribution and ONEOK Partners segments will help generate $355-400 million of net income in 2012, a significant increase compared with ONEOK Inc.’s 2011 guidance of $325-345 million, the Tulsa-based company said.

October 3, 2011

ONEOK: NGLs to Help Lift Income in 2012

Higher than previously anticipated earnings in its natural gas distribution and ONEOK Partners segments will help generate $355-400 million of net income in 2012, a significant increase compared with ONEOK Inc.’s 2011 guidance of $325-345 million, the Tulsa-based company said.

September 28, 2011

Chevron CEO: U.S. Shale to Transform ‘Energy Equation’

By 2020 exploration and development across the Marcellus Shale could generate more than $6 billion in federal, state and local tax revenue and employ up to 300,000 people across the region, according to Chevron Corp. CEO John Watson.

September 7, 2011

EIA: Japan Sets Record for LNG Consumption in Power Generation

Japan, the world’s leading importer of liquefied natural gas (LNG), set a record for using LNG to generate electricity during the first five months of the year in the wake of the earthquake and tsunami, which disabled nuclear facilities in the country, the Energy Information Administration (EIA) reported.

August 2, 2011

Encana, PetroChina Nix JV in Cutbank Ridge

Encana Corp., Canada’s No. 1 natural gas producer, on Tuesday said it has ended talks with a subsidiary of PetroChina International Ltd. to jointly develop a gassy Cutbank Ridge leasehold, which straddles the borders of northeast British Columbia (BC) and northwest Alberta.

June 22, 2011

New Ohio Shale Coalition Forms to Support Industry

In the wake of oil and gas drilling becoming permissible on state-owned land throughout Ohio, industry supporters are forming the Ohio Shale Coalition (OSC) to tout the economic benefits of developing the Marcellus and Utica shales while also countering the claims of detractors.

June 20, 2011

Gensler: CFTC Maintains Aggressive Financial Reform Schedule

New rules designed to carry out the Dodd-Frank Wall Street Reform Act are expected to generate more than 200 registered swaps dealers and 20-30 new entities registered as swaps execution facilities or designated contract markets, while derivatives clearing organizations increase from 14 to about 20, Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC) said Thursday.

September 20, 2010

Gensler: CFTC Pushing Ahead with Multiple Rulemakings

New rules designed to carry out the Dodd-Frank Wall Street Reform Act are expected to generate more than 200 registered swaps dealers and 20-30 new entities registered as swaps execution facilities or designated contract markets, while derivatives clearing organizations increase from 14 to about 20, Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC) said Thursday.

September 20, 2010

Groups Call for Climate Bill to Stress Benefits of Gas in Generation

Three major natural gas trade groups called on the drafters of Senate energy and climate change legislation to recognize that using natural gas to generate electricity represents the “greatest opportunity” to cost effectively reduce heat-trapping greenhouse gas (GHG) emissions.

April 9, 2010