ALJ Finds REX Fuel Tracker Unlawful; Calls for $22.2M Refund

A FERC administrative law judge (ALJ) initial decision has found that the fuel tracking provisions for Rockies Express Pipeline LLC (REX) are not just and reasonable, recommended refunds to shippers of $22.2 million, and endorsed an alternative to the existing tracker, which was found to be overly complex and almost impossible to monitor.

July 2, 2013

Natural Gas Cheerleader Aubrey McClendon Bows Out

Aubrey McClendon’s announced retirement from Chesapeake Energy Corp., the company he helped to found and then grow into an unconventional natural gas behemoth, may end one point of controversy for the debt-ridden operator, but it won’t solve many of the financial problems ahead, pundits said last week.

February 4, 2013
McClendon Out, but Chesapeake ‘Not for Sale’

McClendon Out, but Chesapeake ‘Not for Sale’

Energy analysts and the market weighed in Wednesday on the news that natural gas pioneer and industry cheerleader Aubrey K. McClendon, co-founder, CEO and president of Chesapeake Energy Corp., is retiring effective April 1. His departure would end one point of controversy, but it won’t solve the problems facing the producer, according to some.

January 31, 2013

30-Day Comment Period on Frack Rules Begins in New York

Three key lawmakers in New York say one month isn’t long enough for the state Department of Environmental Conservation (DEC) to receive public comments on proposed rules governing high-volume hydraulic fracturing (HVHF), and they are asking the agency for an extension.

December 12, 2012

Colorado County Considers Faster Drilling Permit Option

The Boulder County, CO, planning commission on Tuesday proposed to offer exploration and production (E&P) operators an option of expedited oil and natural gas drilling permits in return for meeting stricter environmental standards. An industry association spokesman told NGI’s Shale Daily they favored existing state mechanisms over the county proposal.

November 2, 2012

Local Colorado Drilling Agreements Depend on State

Agreements between two oil and gas producers and a small Front Range Colorado town have added to the state’s rules covering hydraulic fracturing and depend solely on the state for enforcement. Memoranda of understanding (MOU) inked separately by Encana Oil & Gas Co. and Anadarko Petroleum Corp. with the city of Erie, CO, include several best management practices mutually agreed to with city officials and incorporated into state permitting requirements for new wells.

September 4, 2012

Industry Brief

Directors of Australia-based Eureka Energy Ltd. have rejected a proposal from Fort Worth-based Lonestar Resources Inc. for Eureka to acquire Lonestar for scrip consideration. Eureka said it had expected to reject the proposal when it was received last week. “Nevertheless, over the weekend the company pursued discussions with Lonestar with the objective of securing a proposal on more favorable terms,” Eureka said. “The parties were unable to agree on terms, and consequently Lonestar has withdrawn the proposal.” An offer by Australia’s Aurora Oil & Gas Ltd. to acquire Eureka expires Friday (see Shale Daily, June 11). Both Aurora and Eureka have assets in the Eagle Ford Shale of South Texas, as does Lonestar. On Wednesday Eureka said “it is reasonable to accept” the Aurora offer after previously recommending that shareholders reject it.

June 14, 2012

EPA Frack Emission Deadline Extended to 2015

In its final rule to eliminate harmful air pollution from oil and natural gas production, the U.S. Environmental Protection Agency (EPA) granted the energy industry a “reasonable” time to meet its requirements, extending the deadline for full compliance from two months to two-and-a-half years. The extension was in keeping with the Obama administration’s recent embrace of unconventional resources, particularly shale gas.

April 23, 2012

Industry Brief

“It would be reasonable” for the Federal Energy Regulatory Commission (FERC) to weigh the public interest of new liquefied natural gas (LNG) export facilities when considering applications, but it might not take that step with applications to modify existing LNG facilities for exportation, according to FERC Commissioner John Norris. Adapting existing facilities “involves minor modifications,” Norris said during testimony before the Senate Energy and Natural Resources Committee, which is considering his renomination to FERC. The committee also heard testimony from Tony Clark, who currently is chairman of the North Dakota Public Service Commission and is being considered to replace former FERC Commissioner Marc Spitzer; Adam Sieminski, chief energy economist for Deutsche Bank, who has been nominated to be Energy Information Administration administrator; and Marcilynn Burke, deputy director for policy and programs at the Bureau of Land Management, who has been nominated to be an assistant secretary of the Department of the Interior.

March 21, 2012

Thousands of Louisiana Chemical Industry Jobs Seen in Shales

More than 35,000 manufacturing jobs could be created in Louisiana thanks to affordable supplies of natural gas from shale plays, American Chemistry Council (ACC) CEO Cal Dooley said.

October 24, 2011
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