The U.S. Supreme Court has upheld a Ninth Circuit ruling that took a narrow view of the jurisdiction of FERC under the Natural Gas Act (NGA), affirming state jurisdiction over retail natural gas sales.
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Supreme Court Affirms State Power in Natural Gas Market Manipulation Case
The U.S. Supreme Court has upheld a Ninth Circuit ruling that took a narrow view of the jurisdiction of FERC under the Natural Gas Act (NGA), affirming state jurisdiction over retail natural gas sales.
Carrizo 4Q: Oilier Is Better
The fourth quarter was Carrizo Oil & Gas Inc.’s ninth consecutive quarter of revenue growth and one during which it charted record oil production and oil revenue, affirming the wisdom of management’s decision to transform Carrizo into an oil company, CEO Chip Johnson said.
Isaac Nears Hurricane Strength; TS Joyce Forms in Atlantic
The center of Tropical Storm Isaac, the ninth named storm of the 2012 hurricane season, was moving west-northwestward and was south-southwest of Puerto Rico late Thursday afternoon and was expected to approach Florida’s southwestern coast by Monday morning, the National Hurricane Center (NHC) said.
North Dakota Shale Boom: ‘Been There, Done That’
While North Dakota has ridden the shale boom to the nation’s lowest unemployment and a rush of activity for local economies, residents with long memories are cautious, having experienced boom-bust cycles in the oil patch in the past.
SM Energy Inks $225M Eagle Ford Asset Sale
SM Energy Co. said it has agreed with undisclosed buyers to divest a portion of its Eagle Ford Shale position.
Industry Briefs
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) issued its ninth permit for drilling in the deepwater Gulf of Mexico — this time to Murphy Exploration & Production Co. to drill well No. A008 in Green Canyon Block 338 in 3,325 feet of water, 170 miles southwest of New Orleans. Murphy’s well No. A008 is a sidetrack well, which will be drilled to a new geologic target or a new location within the original target from the existing wellbore, according to BOEM. The operator had a rig on location when drilling activities in the Gulf were suspended following the blowout of BP plc’s Macondo well. Murphy has contracted with Helix Well Containment Group to stop the flow of oil in the event of a blowout.
Appeals Court Denies Bid to Halt Ruby Pipeline
The U.S. Court of Appeals for the Ninth Circuit last week denied the Center for Biological Diversity’s (CBD) emergency motion to prevent construction of the Ruby Pipeline.
Appeals Court Denies Bid to Halt Ruby Pipeline
The U.S. Court of Appeals for the Ninth Circuit late Tuesday denied the Center for Biological Diversity’s (CBD) emergency motion to prevent construction of the Ruby Pipeline.
Industry Briefs
Production is in the process of ramping up to normal levels of about 400 MMcf/d from the Sable Offshore Energy Project off Nova Scotia, an ExxonMobil spokesman said. The unit was down for planned maintenance when it was evacuated due to the threat from Hurricane Bill (see NGI, Aug. 31). The facility was remanned and maintenance was completed Aug. 30, said spokesman Merle MacIsaac. He said a damage inspection revealed that no harm had been caused by Bill. The Sable project is owned by ExxonMobil Canada Properties Ltd., Shell Canada Ltd., Imperial Oil Resources, Pengrowth Energy Trust and Mosbacher Operating Ltd. Sable gas production travels on Spectra Energy’s Maritimes & Northeast Pipeline. The Maritimes & Northeast mainline interconnects with Portland Natural Gas Transmission System, Tennessee Gas Pipeline and Algonquin Gas Transmission. Through lateral pipelines the pipeline serves markets in Nova Scotia and New Brunswick. Emera Inc. and ExxonMobil Canada own minority interests in the pipeline.