A group of Republicans in the California congressional delegation led by Majority Whip Kevin McCarthy warned Gov. Jerry Brown last Thursday that implementation of the state’s new hydraulic fracturing (fracking) legislation (SB 4), signed into law last month, should not get in the way of the state’s oil/natural gas resurgence.McCarthy and 13 other Republican congressional representatives warned that the new regulation shouldn’t be an undue hindrance to the industry. Regulating the latest advanced drilling techniques should not hand-tie the industry, the congressional representatives told Brown.
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Chesapeake Markets DJ Basin Properties
A package of five conventional and unconventional properties in the northern Denver-Julesburg (DJ) Basin of Wyoming and Colorado is up for sale by Chesapeake Energy Corp. Gross acreage is estimated at more than 684,000 acres; net acreage totals about 504,000 acres, according to Meager Energy Advisors, the listing agent.
May 25, 2012
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