Opportunity

Pennsylvania Governor Signs Budget, Ethane Cracker Tax Breaks

Pennsylvania Gov. Tom Corbett on Saturday signed the state’s $27.7 billion budget for 2012-13, which includes modifications to the tax code that could potentially offer billions in tax breaks to companies investing in an ethane cracker and associated manufacturing facilities.

July 3, 2012

Comment Period for BLM Fracking Rule to Be Extended

At the request of the oil and natural gas industry, the Obama administration will extend the public comment period on proposed Bureau of Land Management (BLM) rules governing hydraulic fracturing (fracking).

June 25, 2012

IHS CERAWeek: Shale Boom Spurs U.S. Chemicals Industry

The expanding U.S. supply of natural gas is providing a win-win for chemicals producers, their suppliers and customers. It’s “an unbelievable opportunity,” Jim Teague, COO of Enterprise Products Partners, told an industry audience in Houston.

March 12, 2012

DCP Midstream Eyes More Shale Plays, Chemical Build-Out

Being in the middle is not so much a challenge as an opportunity for DCP Midstream LLC, the Denver-based infrastructure and natural gas liquids (NGL) operator that has an eye on moving into the Bakken, Utica and Marcellus shale plays, according to DCP President Bill Waldheim. He told NGIShale Daily that those are about the only shale plays that fall outside DCP’s reach these days.

March 8, 2012

Chu: CNG ‘Is the Solution’ for Most Drivers

Compressed natural gas offers the best opportunity for a majority of the nation’s drivers to be weaned off of gasoline as their primary transportation fuel, Energy Secretary Steven Chu told a House subcommittee last week.

March 5, 2012

Chu: CNG ‘Is the Solution’ for Most Drivers

Compressed natural gas offers the best opportunity for a majority of the nation’s drivers to be weaned off of gasoline as their primary transportation fuel, Energy Secretary Steven Chu told a House subcommittee Tuesday.

February 29, 2012

Offshore Group Says Interior Lease Plan ‘Missed Opportunity’

The Interior Department’s decision to not open up new offshore areas in its proposed 2012-2017 leasing plan, particularly offshore Virginia, is a “missed opportunity with little to no justifiable policy rationale,” the National Ocean Industries Association (NOIA) said in comments filed with the Bureau of Ocean Energy Management (BOEM).

February 13, 2012

Ohio AG Calls for Higher Penalties, Full Frack Fluid Disclosure

Ohio Attorney General Mike DeWine is urging state lawmakers to enact tougher regulations on the oil and gas industry, including higher penalties for violations and requiring operators to not only disclose what chemicals are used for hydraulic fracturing (fracking) but also their precise formulations.

February 13, 2012

Offshore Group Calls Interior Leasing Plan a ‘Missed Opportunity’

The Interior Department’s decision to not open up new offshore areas in its proposed 2012-2017 leasing plan, particularly offshore Virginia, is a “missed opportunity with little to no justifiable policy rationale,” the National Ocean Industries Association (NOIA) said in comments filed with the Bureau of Ocean Energy Management (BOEM).

February 13, 2012

Gastar 2012 Capex Will Be Marcellus-Heavy

Gastar Exploration Ltd. will devote $100.5 million of its $134.2 million 2012 capital budget to drilling and completion costs, with 89% of that amount ($88.9 million) to be spent on activities in the liquids-rich window of the Marcellus Shale, the company said Tuesday.

February 1, 2012