Issue

Five associations representing major shippers of natural gas have called on FERC to issue a generic order requiring pipelines to amend their tariffs to comply with the Commission’s policy on the crediting of reservation charges during service outages — both planned and unplanned.

Five associations representing major shippers of natural gas have called on FERC to issue a generic order requiring pipelines to amend their tariffs to comply with the Commission’s policy on the crediting of reservation charges during service outages — both planned and unplanned.

Through EQT Corp.’s experience in the “shale revolution” — the 120-year old company expects to have 100 wells in the Marcellus Shale in southwest Pennsylvania and northern West Virginia by the end of the year — it has learned several lessons of value to other companies, according to CEO David Porges.

A proposed severance tax on natural gas drilling in Pennsylvania may be dead this year, but the issue could return during the 2011 legislative session and it lives on in the campaigns of the candidates for governor. With Democratic Gov. Ed Rendell leaving office in January and the makeup of the state’s currently Democrat-dominated House and Republican-dominated Senate likely to change with the Nov. 2 election, Pennsylvania’s Marcellus policies could be looking at a facelift next year.

With a proposed natural gas severance tax for Marcellus Shale production apparently not forthcoming from the Pennsylvania General Assembly before the Nov. 2 election, one group representing the industry said it is “regretful that…common sense legislative initiatives” have not been adopted by the state.

The Commodity Futures Trading Commission (CFTC) plans to meet Friday (Oct. 1) to issue rules dealing with the reporting of some swaps and on the requirements for derivatives clearing organizations and swap execution facilities, said Chairman Gary Gensler.

The Commodity Futures Trading Commission (CFTC) plans to issue rules next week for reporting some swaps and on the requirements for derivatives clearing organizations and swap execution facilities, said Chairman Gary Gensler.

The Bureau of Land Management (BLM) in Wyoming is trying to trim a two-year backlog of natural gas and oil leases and plans to issue 145 leases auctioned two years ago that have been held up by environmental protests. However, a federal auction held last Tuesday may only add to the backlog.

Pacific Gas and Electric did not issue a systemwide Stage 2 high-inventory OFO for Wednesday on its California Gas Transmission system until Tuesday evening. It extended the OFO through at least Thursday and tightened the tolerance for positive daily imbalances from 13% to 5%.