Proposal

With only a few days left before the Pennsylvania General Assembly recesses for the year, some groups are calling on lawmakers to pass an impact fee on Marcellus Shale development now, while others are criticizing the bills currently on the table.

FERC has issued a favorable environmental assessment (EA) of Sawgrass Storage LLC’s proposal to convert a depleted natural gas reservoir to an underground storage facility just west of Perryville in Lincoln and Union parishes in northeast Louisiana.

The Federal Energy Regulatory Commission’s proposal to eliminate semiannual storage reporting requirements for interstate natural gas pipelines, intrastate gas pipelines that provide interstate services, and Hinshaw pipelines that provide interstate services subject to the Natural Gas Act (NGA) has been met with widespread support.

The Federal Energy Regulatory Commission’s proposal to eliminate semiannual storage reporting requirements for interstate natural gas pipelines, intrastate gas pipelines that provide interstate services, and Hinshaw pipelines that provide interstate services subject to the Natural Gas Act (NGA) has been met with widespread support.

The Federal Trade Commission (FTC) has approved the proposal of Norway’s Statoil ASA, which already has significant holdings in the Marcellus and Eagle Ford shales, to acquire Austin, TX-based independent Brigham Exploration Co., which would give it access to the Williston Basin’s Bakken and Three Forks oily formations. The transaction has cleared the Hart-Scott-Rodino waiting period with the FTC imposing no restrictions. The transaction is valued at $4.4 billion (US$36.50/share) and is expected to close either later this year or early in 2012, Brigham said. The transaction would give Statoil access to more than 375,000 net acres in the Williston Basin, which holds potential for oil and gas production from the Bakken and Three Forks formations. Brigham also holds interests in 40,000 net acres in other onshore plays. In addition to the production assets, the transaction also provides Statoil with about 430 miles of oil, natural gas and water transportation systems in the Williston Basin, which not only secures wastewater offtake but reduces the environmental footprint in production operations.

The Federal Trade Commission (FTC) has approved the proposal of Norway’s Statoil ASA, which already has significant holdings in the Marcellus and Eagle Ford shales, to acquire Austin, TX-based independent Brigham Exploration Co., which would give it access to the Williston Basin’s Bakken and Three Forks oily formations.

New York Mayor Michael Bloomberg said he completely supports Spectra Energy’s proposal to expand two natural gas pipelines into the city, just days before the Oct. 31 deadline for FERC to take public comments on the project.

New York Mayor Michael Bloomberg said he completely supports Spectra Energy’s proposal to expand two natural gas pipelines into the city, just days before Monday’s deadline for FERC to take public comments on the project.

New York Mayor Michael Bloomberg said he completely supports Spectra Energy’s proposal to expand two natural gas pipelines into the city, just days before Monday’s deadline for FERC to take public comments on the project.