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Australia’s Aurora Buys More Eagle Ford Acreage

Aurora Oil & Gas Ltd. is buying a 100% operated working interest in 2,700 net acres in South Texas in the liquids-rich area of the Eagle Ford Shale for $117.5 million.

March 4, 2013

Senate Republicans Offer Broad Energy Bill

Comprehensive energy legislation proposed by Senate Republicans last Wednesday seeks to open all federal waters to oil and natural gas leasing, expand revenue sharing between the federal government and coastal states, open the Arctic National Wildlife Refuge (ANWR) to production and bar the Environmental Protection Agency (EPA) from regulating carbon dioxide (CO2) emissions.

March 4, 2013

Eagle Ford-Focused Rosetta Set Production Record Last Year

The Eagle Ford Shale continued to drive results for Houston-based Rosetta Resources Inc. last year, leading the company to record production, reserves and cash flow.

February 28, 2013

Texas Production, Blacker and Wetter Still

Well permitting in Texas during January was up sharply from a year ago, as were well completions. December crude oil production was also up sharply compared with a year ago, but natural gas production slipped, according to the latest figures from the Railroad Commission of Texas (RRC).

February 28, 2013


In the first paragraph of a story published Feb. 26, “EIA: Gas Production Increase Continued Through November” (see Daily GPI, Feb. 26), the trend of natural gas production in the United States last year was incorrectly stated. The first paragraph should read: Production continued its steady increase through November, totaling 27.22 Tcf for the first 11 months of 2012, compared with 25.94 Tcf during the same period in 2011 and 24.42 Tcf in 2010, according to the U.S. Energy Information Administration’s Monthly Energy Review for February. NGI regrets the error.

February 27, 2013

Nymex, Ex-Employees Leaked Trade Info, CFTC Charges

The U.S. Commodity Futures Trading Commission (CFTC) last Thursday filed an enforcement action charging New York Mercantile Exchange Inc. (Nymex), a unit of CME Group, and two former CME Nymex employees, William Byrnes and Christopher Curtin, with violating the Commodity Exchange Act (CEA) and CFTC regulations through the repeated disclosures of nonpublic material customer information over a two-and-a-half-year period to an outside commodity broker. CME Group fired back that not only did it address and handle the issue appropriately, the complaint against Nymex is “neither justified as a matter of law nor consistent with the regulatory structure” established by the CEA.

February 25, 2013

More NatGas-Fired Generation Part of New Mexico Pact

State of New Mexico officials, Albuquerque-based utility PNM and the U.S. Environmental Protection Agency (EPA) last Friday reached a tentative agreement on an emission reductions plan that would shutter two coal-fired generation units and create new natural gas-fired generation.

February 21, 2013

California Downplays NatGas, Begins BioGas Push

California regulators last week took action that longer term could lower natural gas demand in a state with a 5 Bcf/d appetite by approving a less gas-dependent long-term plan for Southern California Edison Co.’s (SCE) future sources of electricity and launching a rulemaking to examine how to integrate biomethane into the state’s extensive gas pipeline grid.

February 18, 2013

TransCanada Sees Continued Weakness in NatGas Pipelines

Natural gas infrastructure “presents significant opportunities” in the long-term, but not so much today, TransCanada Corp. CEO Russ Girling said last week.

February 18, 2013

New Senate Energy Chairman Promises ‘Fresh Look’ at Policy

Senate Energy & Natural Resources Committee Chairman Ron Wyden (D-OR) and Lisa Murkowski (R-AK), the ranking Republican on the committee, vowed last week to work together in a bipartisan effort to rethink energy regulation — but their differences on the issued appear unresolved.

February 18, 2013
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