In a story published May 3, “San Bruno Settlement Talks Break Down, PG&E CEO Says” (see Daily GPI, May 3), the fifth paragraph was incorrect. That paragraph should read: CFO Kent Harvey said PG&E would “continue to expect to need roughly $1-1.2 billion of equity for the year, excluding any fines or penalties beyond the $200 million we’ve already accrued. Of that, we issued about $430 million in 1Q2013.” NGI regrets the error.
Read
Articles from Read
West Virginia Nears Passage of Frack Fluid Trade Secret Bill
A bill that would allow companies to classify as trade secrets chemicals and concentrations used in hydraulic fracturing (fracking) fluids passed the muster of a key committee on Tuesday, and is nearing final passage in the West Virginia Legislature.
Top North American Gas Marketers (Bcf/d)
Sluggish economy and demand have gas market continuing to search for markets, analyst says. read more
Top North American Gas Marketers (Bcf/d)
Despite the flood of natural gas on the market and stubbornly low prices, higher trading volumes should come as no surprise, according to one market consultant.. read more
Top North American Gas Marketers (Bcf/d)
Despite two years of decline, BP plc remains firmly atop NGI’s 1Q2011 Top North American Gas Marketers Ranking. read more
Kasich Tax Proposal Finds Support in Ohio Poll
New taxes on companies drilling for natural gas and oil in Ohio have the support of a majority of the state’s voters — especially if the resulting revenue would be spent to cut income taxes for residents — according to the results of a recent Quinnipiac University poll.
Author: Anti-Fracking Din Drowns Out Good News
If the only newspaper you read is The New York Times, you could be forgiven for thinking that all the news about hydraulic fracturing (fracking) is bad. Still, the good news about fracking — energy security, economic development and jobs — is often drowned out by environmental worries, former commodities trader, analyst, energy author and New Yorker Raymond Learsy told NGI’s Shale Daily.
Benefits Overlooked in Fracking Attacks
If the only newspaper you read is The New York Times, you could be forgiven for thinking that all the news about hydraulic fracturing (fracking) is bad. Still, the good news about fracking — energy security, economic development and jobs — is often drowned out by environmental worries, former commodities trader, analyst, energy author and New Yorker Raymond Learsy told NGI.
Marubeni Gains Stake in Marathon’s DJ Basin Acreage
Houston-based Marathon, which is the fourth largest integrated producer in the United States, began leasing acreage in the DJ Basin in 2010. It currently is acquiring 2-D and 3-D seismic data and expects to participate in eight to 12 gross exploration wells by the end of the year.
Anadarko, Korea National Oil Enter Eagle Ford JV
Anadarko sales volumes from the Eagle Ford have been 46% oil, 27% natural gas liquids and 27% dry gas.