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Wyoming Energy Plan Lays Out 47 Initiatives

Wyoming Gov. Matt Mead last week unveiled a broad state energy strategy with 47 separate initiatives, many of which have existed in draft form for more than a year.

May 20, 2013

Crosstex Invests Another $25M in Utica Partnership

Crosstex Energy Inc. will invest about $25 million in a third natural gas compression and condensate stabilization facility in the Ohio River Valley through E2, a company Crosstex formed in March with former management of Enerven Compression Services to serve Utica Shale producers.

May 16, 2013

LNG Pieces Falling Into Place

The global liquefied natural gas (LNG) market advanced, slowly, on a number of fronts last week.

May 13, 2013

W&T Reports Strong 1Q, Plans GOM Sale

W&T Offshore Inc. last week reported first quarter adjusted earnings per share that beat expectations and CEO Tracy W. Krohn said the company is marketing a “sizeable” package of Gulf of Mexico (GOM) Outer Continental Shelf properties.

May 13, 2013

Wal-Mart Squeezes Out ExxonMobil as No. 1 on Fortune 500

ExxonMobil Corp. fell from its No. 1 position on the Fortune 500 of top revenue earners last year to No. 2 behind Wal-Mart Stores, Fortune reported on Monday.

May 7, 2013

Southwestern Nearly Doubles Marcellus Position

Southwestern Energy Co., which has proved time and again that making money is possible in some of the onshore natural gas plays, last week cut a bargain deal that will nearly double its gassy acreage position in the Marcellus Shale of Pennsylvania.

May 6, 2013

Drilling Supporters to Appeal New York Ruling

In a stunning setback for shale development in New York state, an appellate court ruled unanimously last week to uphold two local bans on oil and gas activities. Attorneys representing landowners and energy companies told NGI that they have already started the process to appeal to the top court in the state, the Court of Appeals.

May 6, 2013

Increasing Power Generation Prompts NatGas Infrastructure Study

The Eastern Interconnection Planning Collaborative (EIPC) last week said that while it has completed a transmission analysis as part of an electric system transmission planning effort funded by the U.S. Department of Energy (DOE), the government agency has now asked the working group to look into whether domestic natural gas infrastructure is up to the challenges posed by increased gas-fired power generation.

May 6, 2013

Harvard Gives FracFocus a Low Grade; Critics Deplore Academic Methods

A critical review of the energy industry’s FracFocus registry by the Harvard Law School’s Environmental Law Program last week was taken to the woodshed for allegedly including false statements and misrepresentations in its review.

April 29, 2013

Interior Chief Doesn’t See ‘One-Size-Fits-All’ for Fracking

Interior Secretary Sally Jewell, in only her second week on the job, signaled last week that new rules governing federal regulation of hydraulic fracturing (fracking) are imminent.

April 29, 2013