While very little changed politically across the Appalachian Basin’s key oil and natural gas producing states, the industry sees both opportunities and challenges after the midterm elections as Democrats and Republicans step into new roles throughout the region.
Articles from Midterm
Tuesday’s midterm elections saw some of the blue wave, as Democrats took control of the House, but western voters supported the energy industry with the defeat of Colorado’s Proposition 112, which threatened nearly all drilling locations for some of the state’s leading producers.
Colorado voters on Tuesday decisively rejected Proposition 112, which threatened nearly all drilling locations for some of the state’s leading producers, in what proved to be one of the most consequential political battles to confront the oil and gas industry this election season.
Republicans are expected to pick up a number of seats in Tuesday’s midterm election, potentially taking control of the House of Representatives and coming close to attaining majority in the Senate, according to energy analysts. Despite the anticipated shift in power, energy is likely to remain a back-burner issue in the lame-duck session and in fiscal year (FY) 2011.
Aggressive regulatory reviews and the midterm elections dulled North American electricity and natural gas utility merger and acquisition (M&A) activity last year, and U.S.-based power utilities failed to complete any “big deal” transactions, according to corporate consultant PricewaterhouseCoopers (PwC).