Principal

With seemingly more oil and gas development going on in Texas than ever, perhaps it’s time to finally change the name of the state’s principal regulator of the industry to something that reflects its purpose, something other than Railroad Commission of Texas (RRC).

Marathon Oil Corp. has agreed to pay $3.5 billion to acquire the Eagle Ford Shale assets of Hilcorp Resources Holdings LP. Along with other transactions expected to close by the end of this year, Marathon’s Eagle Ford position is expected to more than double to 285,000 net acres, the company said.

With the onshore oil rig count “on fire,” Raymond James & Associates Inc. on Monday raised its U.S. onshore rig forecast for 2011 by 3% and initiated a 2012 forecast that is 9% higher year/year (y/y).

One year after the Macondo well blowout in the deepwater Gulf of Mexico (GOM) the legal outcome remains “far from certain” for three of the five principal companies involved, Moody’s Investors Service said last week.

One year after the Macondo well blowout in the deepwater Gulf of Mexico (GOM) the legal outcome remains “far from certain” for three of the five principal companies involved, Moody’s Investors Service said Tuesday.

A senior producer has broken ranks with its peers to oppose any immediate toll increase on the principal natural gas pipeline from western Canada to the central provinces and export crossings into the MidWestern and Northeastern United States.

A multi-sided battle is taking shape before Canada’s National Energy Board (NEB) over plans to overhaul the finances and tolls of Canada’s principal long-distance west-to-east natural gas transporter.

A multi-sided battle is taking shape before Canada’s National Energy Board (NEB) over plans to overhaul the finances and tolls of Canada’s principal long-distance west-to-east natural gas transporter.

FPL Group Inc. has proposed to shareholders that its name be changed to NextEra Energy Inc., the Juno Beach, FL-based company said Friday.