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

Industry Briefs

The Railroad Commission of Texas (RRC) on Tuesday approved RRC staff-recommended revisions to proposed changes to commission rules governing casing, cementing, drilling and completion of wells; cathodic protection wells; and seismic holes and core holes. Changes were initially proposed in September in response to action by the Texas Legislature. The revised proposal for changes takes into account responses received by commission staff during a public comment period. The current 45-day public comment period will end at noon April 1. A public hearing is scheduled for 1:30 CST Feb. 21 at the RRC’s Austin office.

February 5, 2013

Wyoming Bill Would Require Baseline Water Tests

A proposed Wyoming Senate bill (Senate File 157) that would require baseline groundwater testing by oil and natural gas operators before drilling begins has stirred up controversy, with industry officials questioning whether the law is needed.

January 28, 2013

Former Governor Urges Pennsylvania to ‘Embrace’ Shale Gas

Natural gas from the Marcellus Shale could be the answer to Pennsylvania’s energy problems, “should we choose to embrace it,” according to former Gov. Ed Rendell.

June 6, 2012

FERC Report: Market Conditions Do Not Support Storage Construction

Due to the high level of storage overhang at the end of winter, which was the result of record gas production in 2011 and a warm winter, the construction of new storage facilities in the United States is not recommended, according to a report issued by FERC’s Office of Enforcement (OE) Thursday.

April 20, 2012

Goldman Sachs Sees $2.10 Through 2-3Q, Higher in 2013

Analysts at Goldman Sachs said Wednesday they expect natural gas prices will remain low this summer, but recommended buying longer-dated natural gas futures on the presumption that slower production, a declining rig count and a return to normal winter weather would boost prices in 2013.

April 13, 2012

Quebec Panel: Use Labs, Not Wells, to Test Fracking

A committee appointed by Quebec’s environment minister to study hydraulic fracturing (fracking) said the practice requires further study and recommended against authorizing any test wells that would conduct fracking for research purposes.

April 10, 2012

Report: Shale Gas Possible Windfall for Maryland

Although only two of its counties overlay the Marcellus Shale, Maryland could earn on average about $441 million in severance taxes over a 30-year period if drilling were permitted there, according to a report released Thursday by the Maryland Petroleum Council (MPC).

March 6, 2012

New Jersey Panel Votes to Ban Frack Wastewater Treatment in State

A New Jersey Assembly panel on Monday approved legislation to ban the treatment, disposal or storage of wastewater from hydraulic fracturing (fracking) in the state.

November 30, 2011

Industry Briefs

Institutional Shareholder Services (ISS) and Egan-Jones Proxy Services have recommended that Southern Union Co. shareholders vote in favor of the company’s proposed acquisition by Energy Transfer Equity LP, Southern Union said Monday. ISS said the Energy Transfer offer is “significantly higher than Southern Union’s all-time high trading price prior to the initial announcement of the merger.” Egan-Jones said the proposed deal is a “desirable approach in maximizing shareholder value.” A special meeting of shareholders is scheduled for 11 a.m. EST Dec. 9. Williams has also pursued Southern Union but has been repeatedly rebuffed (see Daily GPI, Oct. 13).

November 22, 2011
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