Legal

Alaska, Producers Settle Seven-Year Point Thomson Dispute

The state of Alaska on Friday settled a seven-year legal battle with natural gas and oil producers over the Point Thomson leases, and the operators in turn agreed to develop the huge gas field.

April 2, 2012

BP Still Faces Legal Claims Following Macondo Settlement

BP plc still faces legal hurdles, but it jumped a big one after clinching a hard-fought settlement earlier this month with the Plaintiff’s Steering Committee (PSC) to resolve a “substantial majority of legitimate economic loss and medical claims” from the Macondo well blowout two years ago in the deepwater Gulf of Mexico. The PSC acts on behalf of thousands of individuals and businesses in the multi-district litigation (MDL) proceedings pending in New Orleans (MDL 2179).

March 12, 2012

BP Trial Halted After $7.8B Accord Reached

BP plc still faces legal hurdles, but it jumped a big one late Friday after clinching a hard-fought settlement with the Plaintiff’s Steering Committee (PSC) to resolve a “substantial majority of legitimate economic loss and medical claims” from the Macondo well blowout two years ago in the deepwater Gulf of Mexico. The PSC acts on behalf of thousands of individuals and businesses in the multi-district litigation (MDL) proceedings pending in New Orleans (MDL 2179).

March 6, 2012

SM Energy Disputes Termination of Marcellus Deal

SM Energy Co. intends “to pursue any and all legal remedies” arising from Endeavour International Corp.’s decision to terminate agreements to buy a 42,000-acre leasehold and associated pipeline assets in McKean and Potter counties in northern Pennsylvania, the Denver-based company said.

December 19, 2011

CFTC Position Limits Challenged

The International Swaps and Derivatives Association (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) have filed a legal challenge to the Commodity Futures Trading Commission’s (CFTC) controversial final rule on position limits.

December 12, 2011

Groups File Legal Challenge to CFTC Position Limits Rule

The International Swaps and Derivatives Association (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) have filed a legal challenge to the Commodity Futures Trading Commission’s (CFTC) controversial final rule on position limits.

December 6, 2011

People

A staff member of Rep. Tom Reed (R-NY), with a background in Marcellus Shale issues and energy taxes, has joined the government relations staff of the Independent Petroleum Association of America (IPAA). Before joining the IPAA, Matthew Kellogg was legislative assistant to Reed, who is co-chair of the Marcellus Shale Caucus, which was formed earlier this year, and a member of the House Ways and Means Committee. “Matt’s legislative background in energy policy, particularly as the head staffer of the Marcellus Shale Caucus, will provide a unique perspective on the industry’s public policy challenges,” said IPAA President Barry Russell. Prior to his stint in Congress, Kellogg worked at the New York State Assembly Minority Counsel’s Office in Albany, where he researched legislation and agency regulations regarding the state’s moratorium on horizontal drilling and hydraulic fracturing. At the IPAA, Kellogg primarily will be responsible for the legislative and regulatory issues surrounding Marcellus Shale development. He will also serve as a legal adviser on environment and tax policy.

November 17, 2011

Couple Wants Pennsylvania Property Rights Case Dismissed

A couple from Susquehanna County, PA, at the center of a controversial mineral rights case wants the state’s Supreme Court to throw out a lower court’s ruling and end the anxiety shared by energy companies and landowners alike over uncertain ownership rights in the Marcellus Shale.

October 13, 2011

Williams Dogs Energy Transfer, Throws Southern Union New Bone

Williams hasn’t given up on a plan to steal Southern Union Co. from Energy Transfer Equity LP (ETE) and late Tuesday offered to buy the company for $44/share in cash — the same amount on paper that it offered in July.

August 18, 2011

Groups Demand Obama Stop Fracking by ‘Any Legal Means’

A coalition of 69 environmental groups has urged President Obama to “employ any legal means” to halt hydraulic fracturing (fracking) and suggested a federal moratorium until further environmental studies of the practice are completed.

August 15, 2011