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Faced With Shale Boom, SRBC Vows Increased Monitoring, Communication

The Susquehanna River Basin Commission (SRBC) said it will focus on regulatory activities and water quality monitoring related to shale gas development within the basin, as the organization begins its latest two-year Water Resources Program for the fiscal years 2014 and 2015.

July 8, 2013

Ohio Appeals Court Upholds Lease Provision on Covenants

An appeals court in Ohio upheld a local court’s ruling that an operator is not required to fully develop leased property, and disagreed with a landowner’s demand that the undeveloped portion be surrendered and subsequently leased to other oil and gas companies.

June 19, 2013

Interior Extends Comment Deadline for Draft Fracking Rule

Interior Secretary Sally Jewell told a Senate panel Thursday that the public comment period on the proposed hydraulic fracturing (fracking) rule would be extended by 60 days, giving producers, state regulators and environmentalists a total of 90 days to pore over the 171-page document.

June 10, 2013

Questions on Chesapeake Lease Transfer Near Ohio Storage Field

Chesapeake Energy Corp. transferred nearly 1,100 oil and natural gas leases in and around an underground natural gas storage field in Columbiana County, OH, to Hilcorp Energy Co. in February.

June 10, 2013

SEC’s Natural Gas Price Tests Take Toll on E&Ps

Sharply lower natural gas prices in 2012 from 2011, used under required 12-month average price tests, resulted in significant negative revisions for many domestic gas- and liquids-weighted producers, rendering some current projects uneconomic and pushing a boat load of proved undeveloped reserves (PUD) out of the five-year development window, according to an analysis by Fitch Ratings.

June 3, 2013

Mandated Natural Gas Price Tests Take Toll on U.S. E&Ps

Sharply lower natural gas prices year/year in 2012, used under required 12-month average price tests, resulted in significant negative revisions for many domestic gas- and liquids-weighted producers, which rendered some current projects uneconomic and pushed a boat load of proved undeveloped reserves (PUD) out of the five-year development window, according to an analysis by Fitch Ratings.

June 3, 2013

Colorado Bill Would Spur Higher Oil/Gas Emissions Standards

A bill to require oil and natural gas companies to meet enhanced water and air emissions standards in order to earn streamlined state environmental permitting was introduced Tuesday by the majority leaders of both houses in the Colorado legislature.

April 29, 2013
NatGas the New Gold? Goldman Thinks So

NatGas the New Gold? Goldman Thinks So

With the price of gold now down nearly 30% from its record September 2011 high of $1,920.30/oz to around $1,377, analysts looking for a commodity to be bullish about have turned their focus to natural gas as a new commodity “safe haven,” thanks to the shale revolution.

April 17, 2013

Driller Floats Plan for Helium Well in Harley Dome

Federal officials have given a green light for a project in eastern Utah to drill an exploratory well in the Harley Dome natural gas field to capture helium, which, if the operation proves successful, could result in a helping to build supplies of the scarce gas.

April 1, 2013

Appeals Court Rejects Challenge to Interior Leasing Delays

The U.S. Court of Appeals for the Tenth Circuit has upheld a lower court’s ruling supporting the Interior Department’s arguments that it is not required to immediately issue leases to oil and natural gas producers following purchases.

March 18, 2013
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