Prepared

West Virginia has more taxes and fees on natural gas production than most of the 18 other gas-producing states included in an analysis prepared for a West Virginia Legislature subcommittee by the Marshall University Center for Business and Economic Research. However, it isn’t clear if taxes are hampering development of the state’s Marcellus Shale, the analysts said.

West Virginia has more taxes and fees on natural gas production than most of the 18 other gas-producing states included in an analysis prepared for a West Virginia Legislature subcommittee by the Marshall University Center for Business and Economic Research. However, it isn’t clear if taxes are hampering development of the state’s Marcellus Shale, the analysts said.

While producers, local distribution companies (LDC) and processors in the Southwest may have believed they were prepared to meet natural gas demand during extreme cold weather events, their weatherization programs were woefully inadequate, a task force report said (see NGI, Feb. 7).

While producers, local distribution companies (LDC) and processors in the Southwest may have believed they were prepared to meet natural gas demand during extreme cold weather events, their weatherization programs were woefully inadequate, a task force report said (see Daily GPI, Feb. 7).

Although all of its businesses were affected by historic flooding in the second quarter, Bismarck, ND-based MDU Resources Group Inc. saw its production in the Bakken Shale play in its home state jump 10% as part of quarter-over-quarter results that were down slightly.

The staff of the Commodity Futures Trading Commission (CFTC) has prepared a draft no-action letter that could supplement the agency’s recently proposed “exemptive relief” that postpones compliance with parts of the new derivatives law for at least six months until the end of the year.

The staff of the Commodity Futures Trading Commission (CFTC) has prepared a draft no-action letter that could supplement the agency’s recently proposed “exemptive relief” that postpones compliance with parts of the new derivatives law until the end of the year.

Canada’s environment minister indicated that the federal government in Ottawa was keeping a close eye on hydraulic fracturing (fracking) and was prepared to intervene if it thought either the provincial or territorial governments weren’t doing enough to safely regulate the procedure.

The Republican-led House was prepared to vote out a measure possibly as early as Thursday that would reduce fiscal year (FY) 2012 funding for the Commodity Futures Trading Commission (CFTC) by about 15%.