Promised

Encana Sells Barnett Portfolio for $975M

Encana Corp. has unloaded another big piece of its natural gas-weighted portfolio, as promised, announcing last week that it is selling for $975 million its North Texas natural gas producing properties, which total around 82,000 net acres, to some partnerships managed by EnerVest Ltd.

November 7, 2011

BP Self-Imposes New Deepwater Rules for GOM Operations

BP plc on Friday promised to operate under more stringent self-imposed standards in the Gulf of Mexico (GOM) deepwater to demonstrate its commitment to U.S. officials that it could operate safely in the aftermath of the Macondo well blowout last year.

July 18, 2011

BP Self-Imposes Deepwater Rules for GOM Operations

BP plc on Friday promised to operate under more stringent self-imposed standards in the Gulf of Mexico (GOM) deepwater to demonstrate its commitment to U.S. officials that it could operate safely in the aftermath of the Macondo well blowout last year.

July 18, 2011

Corbett Still Opposes Severance Tax; Might Consider Impact Fees

On the eve of the first meeting of his recently formed Marcellus Shale Advisory Commission, Pennsylvania Gov. Tom Corbett remains firmly opposed to a state-imposed severance tax on the natural gas industry, but is open to the idea of local impact fees. And those fees can’t be considered until the local impact of drilling is quantified, a Corbett spokesman told NGI Thursday.

March 28, 2011

No Marcellus Tax in Pennsylvania Budget

As promised, Pennsylvania Gov. Tom Corbett did not include a severance tax on Marcellus Shale production in his first budget.

March 9, 2011

Acting Pennsylvania DEP Chief Explains Regulatory Rollbacks

During a state Senate confirmation hearing last week, the acting secretary of the Pennsylvania Department of Environmental Protection (DEP) promised to let “sound science” guide his decisions about Marcellus Shale activity in the state.

March 7, 2011

Krancer Explains Regulatory Rollbacks in Pennsylvania

During a state Senate confirmation hearing, the acting secretary of the Pennsylvania Department of Environmental Protection (DEP) promised to let “sound science” guide his decisions about Marcellus Shale activity in the state.

March 3, 2011

Pennsylvania Rolls Back Leasing Restrictions on State Land

As promised, the administration of Gov. Tom Corbett is rolling back restrictions on leasing Pennsylvania parks and forests for natural gas development.

February 28, 2011

Pennsylvania Rolls Back Leasing Restrictions on State Land

As promised, the Corbett administration is rolling back restrictions on leasing Pennsylvania parks and forests for natural gas development.

February 23, 2011

Former Arkla CEO: Arkansas Severance Tax Still Too Low

Arkansas should increase its severance tax rate on natural gas production, including production from the Fayetteville Shale, to help pay for road repairs in gas producing areas, said Sheffield Nelson, former CEO of Arkla Inc., the state’s largest gas company. Nelson was among those who pushed for the state’s last severance tax increase three years ago.

November 24, 2010