A recent decision by the U.S. Court of Appeals for the District of Columbia, which found that FERC lacked jurisdiction in natural gas futures markets, was a disappointment, but Commissioner Tony Clark said Wednesday he hoped Congress could come up with a legislative fix to address cases involving “cross-market manipulation” of the physical and futures markets (see NGI, March 18).
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FERC’s Clark Urges Congress to Tackle CFTC Jurisdiction
A recent decision by the U.S. Court of Appeals for the District of Columbia, which found the Federal Energy Regulatory Commission lacked jurisdiction in natural gas futures markets, was a disappointment, but FERC Commissioner Tony Clark said Wednesday he was hopeful Congress can come up with a legislative fix addressing jurisdiction in cases of “cross-market manipulation” (see Daily GPI, March 18).
DJ Basin Independent Hitting on All Wells, Forms JV
During its second fiscal quarter, which ended Feb. 28, Platteville, CO-based independent Synergy Resources Corp. continued its 100% success rate in the Wattenberg Field in the Denver-Julesberg (DJ) Basin. Synergy recently struck a joint venture (JV) agreement in the DJ Basin as well.
Ford Touts ‘More than 350%’ Growth in NGV Sales From 2009
Natural gas for use in the fleet transportation sector continues to make inroads, as evidenced by the recent news out of Ford Motor Co. that sales of Ford trucks with engines prepped for compressed natural gas (CNG) or liquefied petroleum gas (LPG) catapulted more than 350% from 2009 to 2012.
EIA: Lower 48 NatGas Output Up 1% December-Over-December
Natural gas production in the Lower 48 was 72.70 Bcf/d in December, down 1.1% (0.83 Bcf/d) compared with the previous month but up almost 1% (0.62 Bcf/d) over December 2011, according to the most recent data from the Energy Information Administration (EIA).
Horn River Brightens for Quicksilver
Quicksilver Resources Inc. found a silver lining in the recent decision by Canada’s National Energy Board (NEB) to reject TransCanada Corp.’s Komie North Extension pipeline project in the Horn River Basin. However, the company is still on the ropes financially, has cut its spending plans and is still seeking partners/asset sales.
EIA: Lower 48 NatGas Production Up 1% from Year Ago
Natural gas production in the Lower 48 was 72.70 Bcf/d in December, down 1.1% (0.83 Bcf/d) compared with the previous month but up almost 1% (0.62 Bcf/d) over December 2011, according to the most recent data from the Energy Information Administration (EIA).
Colorado Governor Threatens to Sue Cities That Ban Fracking
Colorado Gov. John Hickenlooper said Wednesday he will continue to take legal action against cities and counties that insist on passing bans on the use of hydraulic fracturing (fracking).
Horn River Pipeline Setback Aids Quicksilver’s Timing
Quicksilver Resources Inc. found a silver lining in the recent decision by Canada’s National Energy Board (NEB) to reject TransCanada Corp.’s Komie North Extension pipeline project in the Horn River Basin.
NuStar Crude Throughput Up on ‘Luck’ and Eagle Ford
Infrastructure projects, acquisitions and contracting activity — particularly in the Eagle Ford Shale of South Texas — served to lift crude oil pipeline throughputs for NuStar GP Holdings LLC last year. Some of NuStar’s South Texas pipeline assets had been underutilized.