Major

In a major victory for pipelines, a federal court in western Oklahoma has denied a request by the Sierra Club and two other organizations to enjoin the construction of the Cushing, OK-to-Port Arthur, TX, portion of the Keystone Pipeline, which was slated to begin on Aug. 6. It further rejected an attack on the legality of a water-crossing permit needed in pipeline construction.

Low natural gas prices have created a buying opportunity among dry gas-directed companies for larger players whose pockets are lined with oil dollars, according to consultancy Deloitte. And in the midstream, mergers and acquisitions (M&A) will be propelled by a consolidation trend among master limited partnerships (MLP), according to the firm’s midyear report on M&A activity.

In a major victory for pipelines, a federal court in western Oklahoma has denied a request by the Sierra Club and two other organizations to enjoin the construction of the Cushing, OK-to-Port Arthur, TX, portion of the Keystone Pipeline, which was slated to begin Monday (Aug. 6). It further rejected an attack on the legality of a water-crossing permit needed in pipeline construction.

In a major victory for pipelines, a federal court in western Oklahoma has denied a request by the Sierra Club and two other organizations to enjoin the construction of the Cushing, OK-to-Port Arthur, TX, portion of the Keystone Pipeline, which was slated to begin Monday (Aug. 6). It further rejected an attack on the legality of a water-crossing permit needed in pipeline construction.

While oil production in North Dakota could more than quadruple by 2025 to more than 2 million b/d, natural gas could do even better, gaining by nearly six times over current production to 3.1 Bcf/d, according to an analysis commissioned by the state’s Pipeline Authority and performed by Bentek Energy LLC.

The permitting of horizontal natural gas wells in Ohio has grown more than eight-fold in one year; Chesapeake Energy Corp. became a major player in the Utica Shale, and Carroll County became the play’s “ground zero,” according to data from the Ohio Department of Natural Resources’ (ODNR) Division of Oil and Gas Resources Management.

The permitting of horizontal natural gas wells in Ohio has grown more than eight-fold in one year; Chesapeake Energy Corp. became a major player in the Utica Shale, and Carroll County became the play’s “ground zero,” according to data from the Ohio Department of Natural Resources’ (ODNR) Division of Oil and Gas Resources Management.

Major leaseholders in the Gulf of Mexico (GOM), which had evacuated personnel over the weekend as Tropical Storm Debby gained strength, were preparing to redeploy workers Monday as the storm became almost stationary over the northeastern GOM with maximum sustained winds of 50 mph.

The Commodity Futures Trading Commission (CFTC) last week took a major step forward to regulate high-frequency trading (HFT) by proposing a definition for the term, which so far has proved to be elusive.