Mark

EOG Resources Inc.’s shift to an oil and natural gas liquids (NGL) producer is “essentially complete,” CEO Mark G. Papa told financial analysts during a recent conference call in which he gushed about the company’s enviable perch in the oil-rich window of the Eagle Ford Shale in South Texas.

EOG Resources Inc.’s shift to an oil and natural gas liquids (NGL) producer is “essentially complete,” CEO Mark G. Papa told financial analysts Friday during a conference call in which he gushed about the company’s enviable perch in the oil-rich window of the Eagle Ford Shale in South Texas.

Because an “all-time high level” of uncompleted natural wells in the Haynesville Shale await a tie-in to pipelines, don’t expect an immediate drop-off in incremental supply as the rig count drops, analysts with Raymond James & Associates Inc. said in a note Monday.

Many U.S. independents continue to spend time and resources to unlock North American natural gas production, but EOG Resources Inc. CEO Mark Papa, who leads one of the biggest independents in the United States, doesn’t understand why.

Many U.S. independents continue to spend time and resources to unlock North American natural gas production, but EOG Resources Inc. CEO Mark Papa, who leads one of the biggest independents in the United States, said he has no clue why.

California Gov. Jerry Brown has filled the five-member California Public Utilities Commission (CPUC) with his third appointment, Mark Ferron, 52, a senior partner at Silicon Valley Social Ventures, and a former investment banker in London with Deutsche Bank’s global markets division (2001-2009). He also worked as an executive with Salomon Brothers and Bank of America earlier in his financial industry career. Ferron hold a bachelor’s degree in mathematics from the University of Notre Dame and a master’s degree in economics from Stanford University. He joins CPUC President Michael Peevey, and Commissioners Timothy Alan Simon, Michael Florio and Catherine Sandoval on the CPUC. The latter two were appointed by Brown earlier this year.

The hundreds of people testifying Tuesday on the Delaware River Basin Commission’s proposed regulations for Marcellus Shale development agreed that the regulations won’t work, but the agreement ended there.

The Gasland documentary film continues to dog the footsteps of the natural gas industry (see Shale Daily, Feb. 16). The film’s director Josh Fox and actor-turned-activist Mark Ruffalo flanked Reps. Maurice Hinchey (D-NY), Rep Jared Polis (D-CO) and Rep. Rush Holt (D-NJ) Thursday as they announced plans to reintroduce legislation to regulate the practice of hydraulic fracturing (hydrofracking) at the federal level.

Alaska Sens. Lisa Murkowski (R-AK) and Mark Begich (D-AK) have reintroduced legislation designed to streamline development of an in-state natural gas pipeline in Alaska by allowing its passage through a national park.