Pursue

A New York State judge has ruled that Amaranth Advisors LLC and affiliate Amaranth LLC can pursue their lawsuit against JPMorgan Chase & Co. for allegedly derailing the failed hedge fund’s efforts to mitigate losses from natural gas trades in 2006.

Regents of The University of Texas System last Thursday authorized system officials to pursue contracts to sell future oil and natural gas production from 2.1 million acres managed by the system in West Texas. Such deals would give the system access to up-front cash in exchange for future production sold at a fixed price.

Rockies Express Pipeline LLC (REX) has asked FERC to schedule a public technical conference to discuss how the company may pursue an environmental construction requirement for its 639-mile REX-East Pipeline to cross Murray Energy Corp. coal mining reserves, saying it may need an alternative route. It suggested Aug. 5 or 7 for an expedited conference.

Regents of The University of Texas System Thursday authorized system officials to pursue contracts to sell future oil and natural gas production from 2.1 million acres managed by the system in West Texas. Such deals would give the system access to up-front cash in exchange for future production sold at a fixed price.

Rockies Express Pipeline LLC has asked FERC to schedule a public technical conference to discuss how the company may pursue an environmental construction requirement for its 639-mile Rex-East Pipeline to cross Murray Energy Corp. coal mining reserves, saying it may need an alternative route. It suggested Aug. 5 or 7 for an expedited conference.

The Department of Interior and Congress should pursue a two-pronged strategy to recover royalties from producers that hold the 1998-1999 deepwater oil and natural gas leases that lack critical price thresholds, according to a report issued by an Interior-commissioned panel.

The Department of Interior and Congress should pursue a two-pronged strategy to recover royalties from producers who hold the 1998-1999 deepwater oil and natural gas leases that lack critical price thresholds, said a report issued by an Interior-commissioned panel Monday.

Pacific Gas and Electric Co. and a newly formed unit of Portland, OR-based Northwest Natural Gas Co. jointly announced Wednesday they will pursue the development a new 20 Bcf underground natural gas storage facility at Gill Ranch near Fresno in the northern end of California’s central San Joaquin Valley.

The Missouri Public Service Commission (PSC) said last Thursday it will pursue penalties against Missouri Pipeline Co. (MPC) and Missouri Gas Co. (MGC) for alleged price discrimination and assisting an affiliated company in gaining a competitive advantage over other energy marketers in violation of PSC regulations and their own tariffs.