While critics and environmental activists are unhappy, the oil and natural gas industry is celebrating long-awaited changes in New Mexico’s rules for disposal of drilling waste known as the “pit rule.”
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Wolfberry-Focused Independent Files for $345M IPO
Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.
Industry Briefs
The Pennsylvania Public Utility Commission approved petitions of Peoples Natural Gas Co. and Peoples TWP to implement long-term infrastructure improvement plans (LTIIP) in addition to a distribution system improvement charge. Peoples is to replace an average of 47 miles of pipeline per year during the five-year period of the LTIIP. Peoples plans to spend between $55 million and $71 million per year on pipeline, meter and service replacement over the five-year period. Peoples TWP is to replace an average of 28 miles of pipeline per year during the five-year period. Peoples TWP anticipates spending a minimum of $9.1 million per year over the five-year plan.
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The Senate Environment and Public Works Committee voted out the nomination of Gina McCarthy to head the Environmental Protection Agency (EPA). The nomination cleared the Senate panel by 10-8, with key Republicans voting no, including Sen. David Vitter (R-LA), the ranking member. He said his support for McCarthy’s nomination on the Senate floor would hinge on the nominee’s answers to Republicans’ requests involving greater transparency at the agency. All eight Republicans on the committee had boycotted an earlier vote, preventing the panel from advancing the appointment to the Senate floor. Democrats were unable at the time to establish a quorum despite holding a two-seat advantage on the panel. McCarthy’s nomination is not out of the woods yet. Sen. Roy Blunt (R-MO) still has a hold on McCarthy’s nomination over a dispute involving a water project in his state.
GOP Boycotts Vote on EPA Nominee
All eight Republicans on the Senate Environment and Public Works Committee boycotted a vote on the nomination of Gina McCarthy to head the Environmental Protection Agency (EPA) Thursday, preventing the panel from advancing the appointment to the Senate floor.
Pennsylvania PUC Asks Localities to Fix Impact Fee Forms
The Pennsylvania Public Utility Commission (PUC) has asked about 70 municipalities to correct and resubmit a form showing how they spent their share of impact fee revenue from Act 13, the state’s omnibus Marcellus Shale law.
Republicans Boycott Committee Vote on EPA Nominee
All eight Republicans on the Senate Environment and Public Works Committee boycotted a vote on the nomination of Gina McCarthy to head the Environmental Protection Agency (EPA) Thursday, preventing the panel from advancing the appointment to the Senate floor.
Regulators Approve Settlement with UGI for Pennsylvania Blast
The Pennsylvania Public Utility Commission (PUC) has approved a settlement with UGI Utilities Inc. that includes a $200,000 civil penalty, following a PUC investigation into an Oct. 31, 2011 natural gas explosion in Millersville, PA, that caused about $455,000 in damages to a home and a business.
Senate Panel to Vote on EPA Nominee
The Senate Environment and Public Works Committee Thursday is scheduled to vote on the nomination of Gina McCarthy to head up the Environmental Protection Agency (EPA).
PG&E CEO ‘Deeply Concerned’ About ‘Excessive Penalty’
The $2.25 billion penalties proposed by the California Public Utilities Commission (CPUC) Safety and Enforcement Division for the San Bruno, CA, pipeline explosion in September 2010 “far exceed anything that I have seen in my 30 years in the industry and fail to appropriately account for the actions taken by the company,” PG&E Corp. CEO Tony Earley said late Monday.