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Chesapeake Energy Corp. transferred nearly 1,100 oil and natural gas leases in and around an underground natural gas storage field in Columbiana County, OH, to Hilcorp Energy Co. in February.

Chesapeake Energy Corp. has transferred nearly 1,100 oil and natural gas leases in and around an underground natural gas storage field in Ohio, to privately held Hilcorp Energy Co.

The mayor of San Bruno, CA — where a natural gas transmission pipeline rupture and explosion killed eight nearly three years ago — on Wednesday called for the California Attorney General’s Office and state lawmakers to investigate replacement of the state regulatory legal team investigating the event.

Nearly two years after Kevin Cassidy, former CEO of Valhalla, NY-based brokerage firm Optionable Inc., pleaded guilty to one count of conspiracy to commit wire fraud in connection with a 2003-2007 natural gas commodities trading scandal at Bank of Montreal (BMO), the Commodity Futures Trading Commission (CFTC) late last week reported that it has obtained a federal court order requiring Cassidy to pay a $1 million civil monetary penalty for violating the anti-fraud provisions of the Commodity Exchange Act (CEA) and CFTC regulations.

Nearly two years after Kevin Cassidy, former CEO of Valhalla, NY-based brokerage firm Optionable Inc., pleaded guilty to one count of conspiracy to commit wire fraud in connection with a 2003-2007 natural gas commodities trading scandal at Bank of Montreal (BMO), the Commodity Futures Trading Commission (CFTC) on Thursday reported that it has obtained a federal court order requiring Cassidy to pay a $1 million civil monetary penalty for violating the anti-fraud provisions of the Commodity Exchange Act (CEA) and CFTC regulations.

Despite facing legal challenges to conduct emissions auctions, California’s cap-and-trade program to auction greenhouse gas (GHG) emissions raised nearly $280 million earlier this month, selling out its entire carbon allowance allotments of 14.5 million.

A national trucking fleet has landed a Pennsylvania state grant for nearly $500,000 to support its development of a compressed natural gas (CNG) fueling station in Beaver County, while Waco, TX-based Central Freight Lines Inc. recently purchased 100 CNG Freightliners trucks.

When natural gas prices are $3, Southwestern Energy Co. has 1,200-1,500 well locations to drill in the Fayetteville Shale, but “in today’s price environment, that changes substantially,” CFO Robert Craig Owen said Wednesday in Austin, TX.

For use in its nationwide U.S. operations, Halliburton said Monday it has dispatched nearly 100 compressed natural gas (CNG)-powered light-duty trucks at several of its field locations. The original equipment manufacturers bi-fuel trucks are part of a pilot program that will touch all of its U.S. operations.