Overly

The Bureau of Land Management’s (BLM) proposed Roan Plateau resource management plan (RMP) released Thursday appears to be overly restrictive in requiring only one oil and gas development company to be the operator for all the leases on top of the plateau itself, which represents about 50% of the total western Colorado planning area in the Piceance Basin, said Greg Schnacke, executive vice present of the Colorado Oil and Gas Association. Schnacke said the idea of having one company do all the development is unprecedented and will probably backfire on the agency.

Long-term natural gas supply projections by both Canada’s National Energy Board (NEB) and the U.S. Energy Information Administration (EIA) may be overly optimistic, according to Canadian analyst David Hughes, who believes it will take development of all energy sources, plus demand side management across the board to energize the North American continent going forward.

Long-term natural gas supply projections by both Canada’s National Energy Board (NEB) and the U.S. Energy Information Administration (EIA) may be overly optimistic, according to Canadian analyst David Hughes, who believes it will take development of all energy sources, plus demand side management across the board to energize the North American continent going forward.

Citing its concern that the company’s plan to reduce debt may be overly optimistic, Standard & Poor’s Ratings Services (S&P) on Tuesday dropped the corporate credit ratings on Duke Energy Corp. and its subsidiaries to BBB from BBB+.

Citing its concern that the company’s plan to reduce debt may be overly optimistic, Standard & Poor’s Ratings Services (S&P) on Tuesday dropped the corporate credit ratings on Duke Energy Corp. and its subsidiaries to BBB from BBB+.

Overly prescriptive regulatory or legislative action that is meant to remedy manipulative behavior in the energy sector could in the end “chill or kill” the market, warned Commissioner Sharon Brown-Hruska of the Commodity Future Trading Commission (CFTC) last Thursday.

Overly prescriptive regulatory or legislative action that is meant to remedy manipulative behavior in the energy sector could in the end “chill or kill” the market, warned Commissioner Sharon Brown-Hruska of the Commodity Futures Trading Commission (CFTC) Thursday.

Mark-to-market accounting for long-term transactions presents company management “with a temptation to be overly aggressive that is too great for them to ignore,” a leading short seller, credited with spotting Enron’s problems early on, told a congressional committee Wednesday.

Bears continued to roam the gas price woods Tuesday in nearly all markets. Overly warm and power-short California was the major exception where prices for deliveries at the PG&E Citygate and at the Southern Border into PG&E were up sharply.