Raising

The bullish effect of a smidgen of extra cooling load and a rare boost from prior-day futures proved to have short effect in raising cash prices. After gains at virtually all points on Monday, flat to slightly higher numbers remained in a moderate majority Tuesday but were being infiltrated by several small losses.

Pacific Gas and Electric kept a systemwide high-inventory OFO issued for Saturday in effect through Sunday, raising it from Stage 2 to Stage 3 and boosting imbalance penalties to $5/Dth, before ending it Monday. However, a new Stage 2 OFO was issued for Tuesday with penalties returned to $1/Dth for exceeding an 8% tolerance on positive daily imbalances.

In what may be the first step toward raising royalties for onshore and offshore production, two Interior Department agencies will commission a study comparing the U.S. oil and natural gas royalty collection system with those of other countries to determine whether American taxpayers are receiving a “fair return” from energy development on public lands.

In what may be the first step toward raising royalties for onshore and offshore production, two Interior Department agencies will commission a study comparing the U.S. oil and natural gas royalty collection system with those of other countries to determine whether American taxpayers are receiving a “fair return” from energy development on public lands.

In what may be the first step toward raising royalties for onshore and offshore production, two Interior Department agencies will commission a study comparing the U.S. oil and natural gas royalty collection system with those of other countries to determine whether American taxpayers are receiving a “fair return” from energy development on public lands.

The Alberta government shifted to the right in a provincial cabinet shuffle last Wednesday by Premier Ed Stelmach, raising hopes among natural gas producers that they will win a two-year crusade to reverse royalty increases.

The Alberta government shifted to the right in a provincial cabinet shuffle Wednesday by Premier Ed Stelmach, raising hopes among natural gas producers that they will win a two-year crusade to reverse royalty increases.

Looking to shore up county, municipal and school district budgets without raising taxes on residents, Pennsylvania House Majority Whip Bill DeWeese (D-Greene County) is turning to Marcellus Shale oil and natural gas producers to foot the bill. He has introduced legislation that would allow counties to assess value to natural gas, oil and coalbed methane resources before they are produced and tax the producers.

Looking to shore up county, municipal and school district budgets without raising taxes on residents, Pennsylvania House Majority Whip Bill DeWeese (D-Greene County) is turning to Marcellus Shale oil and natural gas producers to foot the bill. He has introduced legislation that would allow counties to assess value to natural gas, oil and coalbed methane resources before they are produced and tax the producers.