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ExxonMobil Calls Chesapeake Purchase ‘Strategic’

Chesapeake Energy Corp. last week clinched a trio of natural gas and oil transactions in unconventional U.S. fields that together would give the company total proceeds of $2.6 billion in cash. Among them was the sale to ExxonMobil Corp. of 58,400 acres in the Texoma Woodford Shale for $590 million in cash.

April 16, 2012

Pennsylvania Judge Delays Portions of Marcellus Law

A Pennsylvania judge last week pushed back the start date for portions of a recently passed Marcellus Shale law to give local governments more time to adopt its standardized zoning measures, but his ruling questioned the idea that the entire law is unconstitutional.

April 16, 2012

Chesapeake Seals Trio of Onshore Deals for $2.6B

Chesapeake Energy Corp. on Monday clinched a trio of separate oil and natural gas transactions in unconventional fields are to give it total proceeds of $2.6 billion.

April 10, 2012

Chesapeake to Collect $2.6B Cash in Three Transactions

Chesapeake Energy Corp. on Monday clinched a trio of natural gas and oil transactions in unconventional U.S. fields that together would give the company total proceeds of $2.6 billion in cash.

April 10, 2012

Chemical Industry Has Shale Faith, Fears

Chemical industry executives are believers in the North American shale gas miracle, and they’re investing accordingly. But there’s still time to blow it with bad policies and regulation, speakers at a Houston industry conference said.

March 29, 2012

EIA Breaks Out Salt/Nonsalt Producing Region Gas Storage

In an effort to give analysts and industry more comprehensive information on the relationship between natural gas inventory changes and types of storage facilities, the Energy Information Administration (EIA) — starting with the March 22 edition of the Weekly Natural Gas Storage Report — is providing breakouts of inventory levels at salt cavern and nonsalt cavern facilities for the weekly estimates of working gas in underground natural gas storage inventories in the Producing Region, defined as Alabama, Arkansas, Kansas, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

March 26, 2012

EIA Breaks Out Salt/Nonsalt Producing Region Gas Storage

In an effort to give analysts and industry more comprehensive information on the relationship between natural gas inventory changes and types of storage facilities, the Energy Information Administration (EIA) — starting with the March 22 edition of the Weekly Natural Gas Storage Report — is providing breakouts of inventory levels at salt cavern and nonsalt cavern facilities for the weekly estimates of working gas in underground natural gas storage inventories in the Producing Region, defined as Alabama, Arkansas, Kansas, Louisiana, Mississippi, New Mexico, Oklahoma and Texas.

March 26, 2012

Urban Gas Storage Gets Nod in California, But Regulator Revises

A state regulatory judge last Friday indicated that he is recommending that the California Public Utilities Commission (CPUC) give a green light to a proposal to develop an underground natural gas storage field under a residential neighborhood in the southeast corner of Sacramento, but the assigned CPUC member has filed an alternative.

March 14, 2012

Bill Would Empower Kansas Regulators on Fracking

A bill advancing through the Kansas Legislature would amend existing regulatory law and give the Kansas Corporation Commission (KCC) explicit authority over hydraulic fracturing (fracking).

March 12, 2012

Court Upholds Second New York Town’s Drilling Ban

A local ordinance that bans oil and gas operations in the Town of Middlefield, NY, has been upheld by the Otsego County Supreme Court, the second time in a week that a New York state judge has ruled in favor of such a law.

February 29, 2012