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Global Deepwater Drilling Spend Escalating

Global deepwater drilling activity is going on a rampage, with spending set to more than double over the coming decade, according to Wood Mackenzie.

July 1, 2013
Colorado Readies E&P Groundwater Monitoring Project

Colorado Readies E&P Groundwater Monitoring Project

Colorado regulators and exploration and production companies (E&P) are working together to advance a new groundwater monitoring program that would monitor data at existing drilling sites and drinking water wells in one of the most heavily drilled areas of the state, Weld County.

June 27, 2013

West Virginia Officials to Discuss Industry’s Impact on Local Roads

State lawmakers in West Virginia plan to meet in Wheeling on Thursday to discuss the impact the oil and gas industry is having on local roadways.

June 20, 2013

TransCanada Loses Round in Mainline Toll Battle

TransCanada Corp. has lost the second round of its years-long contest with natural gas shippers over proposed restructuring of finances and services for its shaky Mainline from Alberta to Ontario, Quebec and export routes to the Midwest and eastern United States.

June 17, 2013

CNG, LNG Transport Still Gaining

More announcements continued to move last week for building the compressed natural gas (CNG) and liquefied natural gas (LNG) market for natural gas vehicles (NGV).

June 17, 2013

It’s Strike Two for TransCanada in Mainline Toll Battle

TransCanada Corp. has lost the second round of its years-long contest with natural gas shippers over proposed restructuring of finances and services for its shaky Mainline from Alberta to Ontario, Quebec and export routes to the Midwest and eastern United States.

June 14, 2013
Halcon Spending More on East Texas Eagle Ford

Halcon Spending More on East Texas Eagle Ford

Halcon Resources Corp. said Monday it will be spending more on its East Texas Eagle Ford Shale play, known as El Halcon.

June 11, 2013

People

Robert Douglas Lawler, tapped to be CEO of Chesapeake Energy Corp. beginning June 17, will earn more than co-founder and predecessor Aubrey McClendon, according to a Securities and Exchange Commission (SEC) filing (see Daily GPI, May 21). The compensation package for the first year of employment has the potential to total at least $22 million, if Lawler hits his bonus targets, the SEC Form 8-K indicated. Base salary is set at $1.25 million a year, with a cash bonus of at least $800,000 the first year, a cash signing bonus of $2 million, and shares and options worth $18 million. About $7.5 million of the shares and options are to be paid over the next five years. If Lawler stays for five years, he is to receive another $5 million. About $12.5 million of the share awards are to compensate for losses in pensions and benefits for leaving Anadarko Petroleum Corp. By comparison, McClendon earned a base salary of $975,000 in 2012, with total remuneration of $16.9 million, according to company documents. However, McClendon also earns, and will continue to earn through June 2014, up to 2.5% in profits on wells that the company drills.

May 28, 2013

Nevada Utility Plan for Coal Rollback Advances

Nevada’s state Senate on Wednesday gave unanimous approval to a utility-backed proposal (SB 123) to retire coal-fired generation in the state and to usher in more natural gas-fired and renewable generation in the years ahead. SB 123 now goes to the lower house Assembly for action.

May 24, 2013

Ohio Water District Sells More Water to Gulfport, Enacts New Policy

The Muskingum Watershed Conservancy District (MWCD) has agreed to sell more water to Gulfport Energy Corp. for Utica Shale drilling activities, as it adopts a new short-term water sales policy and partners with the U.S. Geological Survey to study the impact of future water withdrawals.

May 22, 2013