CFTC’s Gensler: Only Big Oil Producer/Traders Subject to Swap Rules

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.

March 1, 2012

Transportation Notes

Tennessee lifted Thursday an OFO Action Alert for all balancing parties in Zones 5 and 6.

January 6, 2012

Transportation Notes

Tennessee lifted Wednesday an Imbalance Warning in Zones 0, L, 1, 2, 3 and 4 but continued to request that all parties match physical flow with scheduled quantities.

December 29, 2011

Transportation Notes

Tennessee lifted Wednesday a longstanding Imbalance Warning in upstream Zones 0-4 but said it continues to request that all parties match physical flow with scheduled quantities.

December 8, 2011

Transportation Note

Tennessee Gas Pipeline on Tuesday morning informed its customers that it is lifting its imbalance warning in Zone 4 on the 300 Line. However, the pipeline continues to request that all parties match physical flow with scheduled quantities.

September 14, 2011

Administration’s Fracking Advisory Panel Under More Fire

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.

June 21, 2011

Another International Heavyweight Buys Into U.S. Shales

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.

February 23, 2011

Transportation Notes

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.

January 20, 2011

EXCO Reserves Climb as Company Shops Itself

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.

January 14, 2011

ONEOK Targeting Cana-Woodford, Granite Wash NGLs

ONEOK Partners LP said it will spend $180 million to $240 million by the first half of 2012 for natural gas liquids (NGL) projects in the Cana-Woodford Shale and Granite Wash plays.

December 17, 2010