Analyst Throws Mud at Kinder Morgan’s Glass House

Shares/units of Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners LP (KMP) were dinged Wednesday by a 26-year-old financial analyst in a report that blasted the company for allegedly short-changing maintenance spending in order to support shares/units. Management said such criticisms were raised and put to bed 10 years ago and that it is “one of the most transparent companies in America.”

September 12, 2013

Let’s Make a (Shale) Deal! U.S. Onshore Still Opening Doors, Says PwC

Strategic investors and foreign buyers continue to press for deals in U.S. unconventional fields, but higher prices have pushed private equity (PE) momentarily to the sidelines, according to PwC US.

April 25, 2013

GTL Facility Planned for Blair County, PA

Privately-held Marcellus GTL LLC plans to build a natural gas-to-liquids (GTL) processing plant in Blair County, PA, in the heart of the Marcellus Shale.

March 26, 2013

Opponents of Arkansas Tax Hike Lining Up

A ballot initiative to raise the Arkansas severance tax on natural gas production being promoted by former gas industry executive Sheffield Nelson recently drew a few more foes, according to the energy industry-backed anti-tax group Arkansans for Jobs & Affordable Energy (AJAE). The Association of Arkansas Counties (AAC), the Poultry Federation and the Northwest Arkansas Council recently signed on in opposition to the tax hike on producers. “…[O]ur association believes a natural gas severance tax increase would be harmful for Arkansas counties and for Arkansans,” said Chris Villines, executive director of the AAC.

April 24, 2012

North Dakota to Study Power Needs for Shale Gas Production

A study of the electricity needs in the oil/natural gas patch was funded Monday by the North Dakota Industrial Commission for upcoming work to be overseen by the state’s power transmission authority. Separately, the commission also authorized paying for another study of future natural gas growth in the state.

March 22, 2012

Ohio EPA Bans Facility from Accepting Drilling Brine Starting April 1

The Ohio Environmental Protection Agency (OEPA) issued separate permits to Patriot Water Treatment LLC and the City of Warren on Monday, barring the latter from accepting pre-treated wastewater from oil and natural gas drilling starting April 1.

March 21, 2012

Best Shale Practices Can Keep Feds At Bay, Dorgan Says

The federal government isn’t planning a “full court press” on the natural gas industry, but it will if best management practices and state regulations aren’t effective, a former U.S. senator told an audience in Pittsburgh Tuesday.

October 5, 2011

Pennsylvania Proposals Aim to Lower Personal Taxes

The debate over taxing shale gas production in Pennsylvania is increasingly focusing on where the money would go, as two Philadelphia-area Republican lawmakers proposed severance taxes last week designed to ease the tax burden on individuals.

June 9, 2011

Reporting Error Throws Off Wastewater Statistics

The Pennsylvania Department of Environmental Protection (DEP) is having to revise wastewater statistics after one producer misreported figures.

March 11, 2011