Antero Resources announced Monday that its proved reserves had increased 47%, to 6.3 Tcfe in the first half fo 2013 on natural gas gains mostly from the Marcellus Shale.
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Baker Hughes Inc. and Halliburton Co. said last week they have received civil investigation demands (CID) from the Department of Justice (DOJ) to provide documents and information on their pressure pumping businesses.
Wells Fargo Securities analysts last week increased their outlook for natural gas prices to reflect 2Q2013 average pricing. They also expect to see “slightly increasing” gas output as badly needed infrastructure in the Marcellus, Utica and Eagle Ford shales comes online.
In what would be an historically high fine, the safety staff of the California Public Utilities Commission (CPUC) last week amended its $2.25 billion penalty recommendation against or Pacific Gas and Electric Co. (PG&E) concerning the San Bruno, CA, natural gas pipeline rupture, to include a minimum of $300 million paid to the state’s general fund.
During her first appearance before the House Committee on Natural Resources last Wednesday, Department of Interior (DOI) Secretary Sally Jewell, a former business executive and an engineer, got a gander at a political divide as wide as the Grand Canyon.
Houston-based Memorial Production Partners LP (MEMP) has agreed to acquire oil and gas properties in the Permian Basin, East Texas and the Rockies from its sponsor, Memorial Resource Development LLC, and affiliates of Natural Gas Partners for $606 million. The deal is MEMP’s largest acquisition to date and gets the partnership’s foot in the door in the Permian and Rockies.
Liberty Natural Gas LLC, which last year withdrew applications to build a liquefied natural gas (LNG) import terminal off the coast of New Jersey, has filed a revamped application with the Maritime Administration (MARAD) and the U.S. Coast Guard. The new application is for a different location and would allow many more LNG carrier deliveries once the facility is completed.
Pennsylvania Gov. Tom Corbett signed 29 bills into law last Tuesday, including SB 259, which the state’s chapter of the National Association of Royalty Owners (NARO) has derided as “a kissing cousin to forced pooling.”
As part of President Obama’s climate action plan (see NGI, July 1), the Department of Energy (DOE) last Tuesday announced a draft $8 billion loan guarantee solicitation to develop advanced technologies aimed at avoiding and reducing greenhouse gas (GHG) emissions from fossil fuels.