In a landmark agreement announced Thursday, a drilling unit of Chesapeake Energy Corp. will allow more than 4,400 New York landowners locked into natural gas leases the opportunity to renegotiate their contracts, said New York Attorney General Eric T. Schneiderman.
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Contested Hearing on EOG ‘Fracking’ Sand Plant Set for July 12
The Texas State Office of Administrative Hearings (SOAH), which was created to referee contested cases, will hold a hearing July 12 in Gainesville, TX, on EOG Resources Inc.’s application for an air permit to build a plant to process sand to be used primarily to hydraulically fracture (frack) oil and natural gas wells.
WPX Energy: Pennsylvania Water Wells Not Fouled by Drilling
WPX Energy Inc. said it has determined through isotopic testing that four contaminated drinking water wells in Susquehanna County, PA, were fouled by naturally occurring methane and not by Marcellus Shale drilling.
Nicor Merger Smooth, But Weather Hurts Results, Says AGL CEO
The integration of Illinois-based Nicor Inc. to form the largest distribution-only natural gas utility operation in the nation went off without a hitch in the first quarter (see Daily GPI, Dec. 8, 2011) but financial results were pressured by unseasonable winter weather, AGL Resources Inc. CEO John Somerhalder told financial analysts Tuesday.
U.S. LNG Import Terminals Mostly Idle, Consultant Finds
In what can only be called a sign of the times for North American imports of liquefied natural gas (LNG), consultancy Pan EurAsian Enterprises Inc. said Monday it is no longer going to bother tracking daily sendout from nearly a dozen terminals. “There is a lot else going on in the world of global LNG that should be getting more of our attention,” the firm told clients in a note.
Chesapeake to End CEO Well Plan; S&P Cuts Ratings
Chesapeake Energy Corp.’s board of directors Thursday was working with CEO Aubrey McClendon to terminate early the Founder Well Participation Program (FWPP) in which the CEO has a contractual right to participate and invest up to a 2.5% working interest in every new well the company drills.
Cash Market Posts Strong Gains; May Futures Out Like a Lamb
With only a few exceptions all points rose Thursday with eastern points registering the strongest gains and weakness limited to a few points in the West.
Shales Give U.S. Economy Wings, Say Execs
The energy industry — thanks to advances in drilling and production techniques resulting in growing natural gas and oil supplies — can lift the U.S. economy out of its doldrums, but only if government regulation and permitting requirements don’t get in the way, speakers at a recent industry conference in Houston said.
Shales Give the U.S. Economy Wings, Executives Say
The energy industry — thanks to advances in drilling and production techniques resulting in growing natural gas and oil supplies — can lift the U.S. economy out of its doldrums, but only if government regulation and permitting requirements don’t get in the way, speakers at a recent industry conference in Houston said.
KMI Pipes For Sale Expected to Be Remade for Value
Among assets slated to be sold by Kinder Morgan Inc. (KMI) to win antitrust clearance for its acquisition of El Paso Energy Corp., the “only meaningful” buys are the 50% stake in the Rockies Express Pipeline (REX) and KMI’s Kinder Morgan Interstate Gas Transmission (KMIGT), an industry analyst said Friday. And it’s not because of what they are now, but what they could become.