A small Northeast Pennsylvania township in one of the epicenters of the Marcellus Shale passed a resolution late Tuesday to limit natural gas production because angry landowners contend that some operators are deducting “exorbitantly” high post-production costs from royalty checks.
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Before leaving for a five-week recess Friday, the House of Representatives passed a series of Republican-sponsored bills aimed at restricting the ability of the federal government to impose what are viewed as costly regulations. However, the bills have little chance of clearing the Democratically controlled Senate. If they do President Obama has signaled that he will veto the measures.
Prolific oil production from U.S. shales is weighing on the need for imports, OPEC acknowledged in its latest Monthly Oil Market Report (MOMR), and analysts at Barclays predicted that the Organization of the Petroleum Exporting Countries will see its influence over market balances decline over the next few years.
Energy industry experts on Tuesday urged the U.S. Senate Finance Committee to keep federal tax deductions for intangible drilling costs (IDC) and consider a uniform corporate rate as it considers comprehensive tax reform.
The U.S. Bureau of Land Management (BLM) has the right idea with its measured approach to oil shale production in the western United States given the risks involved, according to a white paper by sustainability advocate Ceres.
When North American operators successfully used technology to tap into unconventional onshore natural gas reserves, it triggered a shift in the markets that has upended activity around the world, but where it leads is still a question to be answered, two long-time market watchers said Thursday.
The Commodity Futures Trading Commission Monday voted out a final rule that would limit a futures commission merchants (FCM) ability to invest customer money in foreign sovereign debt.
MRT will begin unscheduled maintenance Wednesday at its Perryville Hub facility that will limit its delivery capability there for a period expected to last through mid-January. The pipeline may not schedule FTS, ITS, AOR or Secondary Firm delivery volumes from its West Line or Main Lines to its two Perryville Hub meters during the week. Based on current nominations, affiliate CenterPoint does not anticipate any impact to its Perryville-related services unless more gas gets nominated for hub delivery than CenterPoint can physically transport during the unscheduled maintenance.