Reports

Gasco’s Updated Uinta Basin Plans Get BLM Nod

The Bureau of Land Management (BLM) has approved Gasco Energy Inc.’s proposal to develop nearly 1,300 natural gas wells over 15 years in Utah’s Uinta Basin, the agency said Monday.

June 20, 2012

TCEQ Planning Barnett Shale Permitting Rule Changes

The Texas Commission on Environmental Quality (TCEQ) is considering revisions to requirements for the Air Quality Standard Permit for Oil and Gas Handling and Production Facilities, which are used to authorize oil and gas facilities in the Barnett Shale of North-Central Texas.

June 18, 2012

Ohio Governor Expected to Sign Frack Rules Bill After House Passage

The Ohio House of Representatives overwhelmingly voted in favor of an energy bill that also creates new rules for hydraulic fracturing (fracking) in the state. The bill is to be sent to Gov. John Kasich for his signature.

May 29, 2012

Ohio Fracking Rules Bill Headed for House Vote

A bill that would create rules governing hydraulic fracturing (fracking) passed a key committee in the state House of Representatives on Wednesday and is scheduled to be submitted to the full House for a floor vote on Thursday.

May 24, 2012

Chesapeake Results Disappoint; Largest Shareholder to Take ‘Active’ Role

Chesapeake Energy Corp. CEO Aubrey McClendon appeared to take it on the chin Wednesday, refusing to bow down to reports about the “unprecedented scrutiny” of the company and of himself in recent days, and promised shareholders that the management team is focused on becoming a U.S. oil-weighted giant. However, it’s going to take some time, he said, especially because the turnaround has little operational support from its natural gas-weighted portfolio.

May 3, 2012

Opponents of Arkansas Tax Hike Lining Up

A ballot initiative to raise the Arkansas severance tax on natural gas production being promoted by former gas industry executive Sheffield Nelson recently drew a few more foes, according to the energy industry-backed anti-tax group Arkansans for Jobs & Affordable Energy (AJAE). The Association of Arkansas Counties (AAC), the Poultry Federation and the Northwest Arkansas Council recently signed on in opposition to the tax hike on producers. “…[O]ur association believes a natural gas severance tax increase would be harmful for Arkansas counties and for Arkansans,” said Chris Villines, executive director of the AAC.

April 24, 2012

‘Another Leg Down’ on Gas-Directed Activity Expected in 1Q Reports

Natural gas bulls already have seen the writing on the wall for exploration and production (E&P) companies’ earnings reports for 1Q2012. Minus those with gas hedging programs or an already solid turn to liquids and oil basins, it’s not going to be a pretty picture.

April 24, 2012

Anadarko Ramps Up Three Wells in Eastern Ohio

Anadarko Petroleum Corp. has drilled and is producing from three wells in the eastern Ohio portion of the Utica Shale, the most recent of which delivered more than 9,500 bbl of crude oil and 12 MMcf of natural gas in the first 20 days online, the producer said Thursday.

April 20, 2012

Shale Gas Drilling Backlog Grows, Says Societe Generale

A well count “evolution” is taking place across the United States because the “cost of opportunity of drilling shale gas is growing,” said Societe Generale analysts in a note to clients.

April 9, 2012

California Scrambles to Plan for Long Nuclear Outage

With the latest reports from the operators of the 2,300 MW San Onofre Nuclear Generating Station (SONGS) indicating that two units at the plant will remain idle for an indefinite period, officials at the California Independent System Operator (CAISO) told NGI Tuesday that the state grid operator is in “full contingency planning mode.”

March 7, 2012