As the federal fiscal year comes to a close Friday, oil and gas leasing activity in the Rockies states declined markedly, according to the Denver-based Western Energy Alliance (WEA), a trade association for more than 400 exploration and production (E&P) companies. With the exception of North Dakota, all Rockies states leasing activity has declined since 2008, WEA said.
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Quebec to Enact New Royalty Regime for Shale Gas
Quebec said Thursday a new royalty regime for shale gas will take effect in the province once it concludes a two-year strategic environmental assessment of the industry.
CFTC’s Brown-Hruska Warns Against ‘Prescriptive’ Responses to Energy Manipulation
Overly prescriptive regulatory or legislative action that is meant to remedy manipulative behavior in the energy sector could in the end “chill or kill” the market, warned Commissioner Sharon Brown-Hruska of the Commodity Future Trading Commission (CFTC) last Thursday.
CFTC’s Brown-Hruska Warns Against ‘Prescriptive’ Responses to Energy Manipulation
Overly prescriptive regulatory or legislative action that is meant to remedy manipulative behavior in the energy sector could in the end “chill or kill” the market, warned Commissioner Sharon Brown-Hruska of the Commodity Futures Trading Commission (CFTC) Thursday.
Short-Covering Boosts Futures in Another Friday Rally
Historically, the end of the week has meant slackened gasdemand, but for the sixth consecutive Friday natural gas futureswere able to tack on gains. Revised weather forecasts for this weekand continued concerns over supply shortages gave rise to lightshort-covering throughout the trading session Friday. The Julycontract finished up 2.3 cents at $2.308 amid a moderate volume of64,873.
Industry Wonders What to Pack for Trip to Internet
How does the gas industry get to the Internet? Debate. Whilepipelines puzzle over what FERC meant when it prescribed Internetaccess for pipeline transactions, industry players debate where andhow far standardization should go.