Royal Dutch Shell plc has clinched a production sharing agreement in Ukraine to explore shale gas deposits in the Yuzivske gas field, which may evolve into the “largest investment in Ukrainian history,” according to the nation’s energy minister.
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$277M in Penalties, Disgorged Profits Collected by FERC in FY2012
FERC obtained more than $148 million in civil penalties and disgorgement of more than $119 million in unjust profits in fiscal year (FY) 2012, according to the agency’s annual report on enforcement, which was released Thursday.
FERC Collects Millions in Penalties, Disgorged Profits
FERC obtained more than $148 million in civil penalties and disgorgement of more than $119 million in unjust profits in fiscal year (FY) 2012, according to the agency’s annual report on enforcement, which was released last Thursday.
California Firm Acquires More Kansas Acreage
With an eye for the developing shale potential in Kansas, Irvine, CA-based startup New Western Energy Corp. said Wednesday it has obtained a 90% working interest in the 550-acre Smith Oil & Gas Lease in Chautauqua County, KS. The interest is in acreage that sits adjacent to 1,700 acres that New Western holds in the B&W Oil & Gas Lease.
Anadarko’s Utah Gas Drilling Plan Draws Favorable Reviews
Under a collaborative agreement, Anadarko Petroleum Corp. has obtained a favorable final environmental impact statement (EIS) from the Bureau of Land Management (BLM) for its long-pending 10-year natural gas development plan to develop natural gas in Utah’s Uintah Basin.
Industry Briefs
Gulfmark Energy Group Inc. of San Antonio, TX, said it has obtained financing from Notre-Dame Capital Inc. of Montreal to support development of its Eagle Ford Shale assets. The company said it intends to drill through the Escondido, Olmos, San Miguel, Austin Chalk and Eagle Ford formations. “We have yet to assess all of the undeveloped potential opportunities to expand our operations utilizing horizontal wells with multi-stage fracturing technologies,” said CEO Michael Ward. “Multiple targets have been identified; however, several other opportunities are currently under evaluation and analysis. This financing will allow us to explore all resources available in our current asset base.” Gulfmark operations are currently focused on western South Texas. Terms of the financing were not disclosed.
New York Issues Proposed Fracking Rules, Schedules Hearings
The New York Department of Environmental Conservation (DEC) has released a proposed rulemaking that would impose additional regulations on natural gas drillers using high-volume hydraulic fracturing (fracking) in the state, and has scheduled a series of hearings on the proposed rulemaking.
Industry Briefs
After satisfying final technical requirements, San Diego-based Sempra Energy March 1 obtained final Federal Energy Regulatory Commission (FERC) approval to begin re-exporting liquefied natural gas (LNG) supplies from its Cameron import terminal in Hackberry, LA. However, a Sempra LNG spokesperson would not say whether any cargoes were ready to be reshipped. Sempra won the federal approval for re-export Jan. 20, but there were some conditions it still had to meet. “Based on staff’s review of your filing [Feb. 28] Cameron LNG LLC has satisfactorily addressed all of the hazard and operability study recommendations needed to commence service,” said FERC’s Lauren O’Donnell, who is director of gas: environment and engineering.
Sempra Gets Final FERC Approval for Cameron LNG Re-Export
After satisfying final technical requirements, San Diego-based Sempra Energy on Tuesday obtained final FERC approval to begin re-exporting liquefied natural gas (LNG) supplies from its Cameron import terminal in Hackberry, LA. However, a Sempra LNG spokesperson would not say whether any cargoes were ready to be reshipped.
Critics Hit Shrinkage of New York’s Permitting Staff
The former chief of the New York Department of Conservation (DEC), whose ouster in October was criticized by producers and environmental groups alike, told state lawmakers last week that massive cutbacks in commission staff have become a “shell game” that didn’t take into account the consequences for stakeholders.