The final rules under the Dodd-Frank Act to be issued in the near future would make clear that only parties that “make markets for others on a routine basis,” would be subject to rules governing swap dealers, Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler told a congressional committee Wednesday.
Articles from Parties
The number of parties unhappy with the low level of industry representation on President Obama’s new hydraulic fracturing (fracking) advisory panel continues to grow as answers are sought and questions surrounding the Department of Energy’s (DOE) motives arise.
Australian energy giant BHP Billiton Petroleum has become the latest international energy heavyweight to buy into U.S. shale plays with a transaction to acquire Chesapeake Energy Corp.’s Fayetteville Shale portfolio for $4.75 billion cash.
Tennessee said due to the anticipated return of colder weather to its market area, an OFO Action Alert will be implemented Friday for all Balancing Parties in downstream Zones 4, 5 and 6. They will be required to maintain an actual daily flow rate not exceeding 2% of scheduled quantities or 500 Dth, whichever is greater, for underdeliveries into the system and overtakes from the system.
Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.