A coalition of conservation and environmental groups wants Pennsylvania Gov. Tom Corbett to rescind a new policy requiring Department of Environmental Protection (DEP) inspectors to get approval before issuing notices of violation to Marcellus Shale operators. In a recent letter, 42 groups, including Citizens for Pennsylvania’s Future, Audubon Pennsylvania and the Sierra Club, said the policy “will create unacceptable delays in resolving identified problems putting public safety and natural resources unnecessarily at risk.” The policy, described by the DEP as a three-month pilot project, requires inspectors to get all notices of violations pre-approved by DEP Secretary Michael Krancer. The DEP said the measure is a way to guarantee consistency across the state, but critics say it undermines the authority of inspectors (see Shale Daily, April 1).
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Court Upholds Order to Plug Offshore Well
A federal court in Washington, DC, last Tuesday upheld an Interior Department order requiring Noble Energy Inc. to plug and permanently abandon an undeveloped well off the central coast of California.
Court Upholds Interior Order to Plug Offshore Noble Energy Well
A federal court in Washington, DC, Tuesday upheld an Interior Department order requiring Noble Energy Inc. to plug and permanent abandon an undeveloped well off the central coast of California.
Interior Considering Disclosure of Fracking Fluids on Public Lands
Interior Secretary Ken Salazar Tuesday said the department is weighing how it will move forward with a policy requiring producers to disclose the fluids associated with hydraulic fracturing (fracking) on public lands. Interior’s Bureau of Land Management (BLM) oversees 250 million acres, which contains 11% of the nation’s natural gas supply.
Salazar Mulls Disclosure Policy for Fracking Fluids on Public Lands
Interior Secretary Ken Salazar Tuesday said the department is weighing how it will move forward with a policy requiring producers to disclose the fluids associated with hydraulic fracturing (fracking) on public lands. Interior’s Bureau of Land Management (BLM) oversees 250 million acres, which contains 11% of the nation’s natural gas supply.
CFTC Proposes ‘Firewalls’ Between Trading, Research and Clearing
The Commodity Futures Trading Commission (CFTC) last Wednesday approved proposals requiring swap dealers, major swap participants and other regulated entities to establish “firewalls” between their trading desks, research arms and clearing activities, register with a registered futures association and adopt policies to prevent “unreasonable restraint of trade.” It also cleared a proposal that would provide incentives and protection for whistle blowers.
CFTC Proposes ‘Firewalls’ Between Trading, Research and Clearing
The Commodity Futures Trading Commission (CFTC) Wednesday approved proposals requiring swap dealers, major swap participants and other regulated entities to establish “firewalls” between their trading desks, research arms and clearing activities, register with a registered futures association and adopt policies to prevent “unreasonable restraint of trade.” It also cleared a proposal that would provide incentives and protection for whistle blowers.
CFTC Approves Reporting Rule for Commodity Swaps
The Commodity Futures Trading Commission (CFTC) last Tuesday voted out a rule requiring the establishment of a data reporting system that would be a precursor to the setting and enforcing of aggregate position limits for physical commodity swaps.
CFTC Approves Reporting Rule for Commodity Swaps
The Commodity Futures Trading Commission (CFTC) Tuesday voted out a rule requiring the establishment of a data reporting system, a precursor to the setting and enforcement of aggregate position limits for physical commodity swaps (see Daily GPI, July 22).
Bentek: Intrastate Pipe Data to Give Market ‘Missing Puzzle Piece’
The FERC order (Order 720) requiring many intrastate pipelines, storage operators, local distribution companies and utilities to post natural gas flow and capacity data at the most significant parts within their systems is due to be implemented Oct. 1. This addition of intrastate information to existing market data will provide an “unprecedented and crucial level of visibility into natural gas market supply and demand dynamics across North America,” according to analysts at Evergreen, CO-based Bentek Energy, an energy market analytics firm.
