Indirectly

eCorp International LLC and a property owners organization in New York have decided to scrap a “complex” plan to create a company indirectly owned by the landowners and will return to the drawing board, delaying the possibility of bringing waterless hydraulic fracturing (fracking) to the Empire State.

If Congress passes all of President Obama’s tax proposals that are directly and indirectly aimed at domestic oil and natural gas producers, the hit could be more than double the widely reported $32.6 billion, according to the American Petroleum Institute (API).

A letter sent to more than 160,000 Utah residents earlier this month indirectly links New York Democratic Rep. Maurice Hinchey to “hostile foreign nations” for Hinchey’s support of the Red Rock Wilderness Act, a bill to designate 9.4 million acres of public land in Utah as wilderness.

A letter sent to more than 160,000 Utah residents in the past week indirectly links New York Democratic Rep. Maurice Hinchey to “hostile foreign nations” for Hinchey’s support of the Red Rock Wilderness Act, a bill to designate 9.4 million acres of public land in Utah as wilderness.

A federal appeals court in Washington, DC, last Tuesday rejected petitions that either directly or indirectly challenged a FERC policy statement allowing regulated energy companies, such as crude oil and natural gas pipelines, that are partnerships to recover actual or potential income tax liability in their cost-of-service rates.

A federal appeals court in Washington, DC, Monday rejected petitions that either directly or indirectly challenged a FERC policy statement allowing regulated energy companies, such as crude oil and natural gas pipelines and public utilities, that are partnerships to recover actual or potential income tax liability in their cost-of-service rates.

Energy companies that were either directly or indirectly affected by the destruction from Hurricane Katrina were contributing millions of dollars to the American Red Cross last week to fund relief efforts. Utilities across the national also were sending or had already sent crews to help rebuild the energy infrastructure along the devastated Gulf Coast.

Energy companies that have been either directly or indirectly affected by the destruction from Hurricane Katrina have contributed millions of dollars so far to the American Red Cross to fund relief efforts.

Duke Energy and ConocoPhillips completed a restructuring of their ownership in Duke Energy Field Services with Duke Energy receiving, directly and indirectly through its ownership interest in DEFS, $1.1 billion in cash and assets from ConocoPhillips and ConocoPhillips receiving a 19.7% stake in the field services company. The transaction creates an equal 50% share in DEFS for both companies.