In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) last week narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.
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SEC Adopts Disclosure Rules on Oil, Gas Extraction Payments
In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) Wednesday narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.
Contentious Speculative Limit Rule Clears CFTC
The Commodity Futures Trading Commission (CFTC) last Tuesday narrowly voted out a controversial final rule seeking to curb excessive speculation in commodity futures contracts and economically equivalent swaps. While the rule has scaled the regulatory hurdle, it may have a tougher road ahead if it is challenged in court.
Contentious Speculative Limit Rule Clears CFTC
The Commodity Futures Trading Commission (CFTC) Tuesday narrowly voted out a controversial final rule seeking to curb excessive speculation in commodity futures contracts and economically equivalent swaps. While the rule has scaled the regulatory hurdle, it may have a tougher road ahead if it is challenged in court.
Industry Briefs
Summit Midstream Partners LLC is acquiring midstream gas assets in the Piceance Basin from Encana Oil & Gas (USA) Inc. for $590 million. The assets include about 260 miles of pipeline and 90,000 hp of compression facilities and serve Mamm Creek, Orchard and South Parachute production in the area around Rifle, CO. They are currently transporting about 500 MMcf/d of gas under long-term contracts with multiple producers, according to Summit. Dallas-based Summit, which is privately held, has also committed to build for Encana the midstream infrastructure necessary to support its emerging Niobrara development. The sale of the Piceance Basin assets is subject to regulatory approvals and closing conditions and is expected to close during the current quarter.
Poll Finds Pennsylvanians Split on Fracking
Pennsylvanians are narrowly split on whether the benefits of hydraulic fracturing (fracking) are worth the potential risks, according to the results of a survey conducted by the Mercyhurst Center for Applied Politics (MCAP) at Mercyhurst College in Erie, PA.
Senate Panel Approves Funding Hike for CFTC
The Senate Appropriations Commission Thursday narrowly approved a $21.7 billion appropriations bill that provides an 18% funding hike for the Commodity Futures Trading Commission (CFTC) in fiscal 2012 to implement reforms under the Dodd-Frank Wall Street Reform Act.
House Cuts CFTC Funds for 2012
The House last Thursday narrowly passed an agriculture spending bill that reduces fiscal year (FY) 2012 funding for the Commodity Futures Trading Commission (CFTC) by about 15%. At the same time the agency deferred the July 16 effective date of some parts of the Dodd-Frank derivative reform measures.
House Passes Bill Cutting CFTC Funding for FY2012
The House Thursday narrowly passed an agriculture spending bill that reduces fiscal year (FY) 2012 funding for the Commodity Futures Trading Commission (CFTC) by about 15%.
CFTC Defines Swap Dealers, Major Swap Participants
The Commodity Futures Trading Commission (CFTC) last Wednesday narrowly voted out a much-anticipated joint proposal with the Securities and Exchange Commission (SEC) defining “swap dealers” and “major swap participants.”