India’s Reliance Industries Ltd. has made multiple bets on U.S. shale gas and they’re paying off, the company said when it released its fiscal first quarter 2014 results last Friday, which included an 84% hike in U.S. shale-derived revenue from a year ago.
Articles from Retain
Cabot Forms Pearsall Shale JV with Osaka Gas Unit
Cabot Oil & Gas has struck an agreement with a U.S. unit of Osaka Gas Co. Ltd. for the sale of a 35% nonoperated working interest in the Pearsall Shale in 50,000 net acres leased by the company in Atascosa, Frio, La Salle and Zavala counties in Texas for $250 million.
Marcellus Bill Passes West Virginia Legislature in Landslide
The West Virginia legislature overwhelmingly approved a landmark Marcellus Shale regulatory reform bill on Wednesday, opening a new chapter for natural gas development in the state.
Superior’s Complete Takeover Adds Leverage in Pressure Pumping
In a merger that would create a formidable onshore oilfield services company, Superior Energy Services Inc. on Monday agreed to pay $2.7 billion in cash and stock to buy Complete Production Services Inc. — a 62% premium to Complete’s closing share price on Friday.
PacifiCorp to Add Gas-Fired Generation
A PacifiCorp plan to retain a fleet of coal-fired generation plants during the next decade while increasing substantially both its natural gas-fired and renewable energy-based power generation is stirring controversy.
Cabot’s Motion to Dismiss Dimock Lawsuit Denied
A federal judge in Pennsylvania has denied a motion by Cabot Oil & Gas Corp. to dismiss a case brought by Dimock Township, PA, residents who claim that their health and property has been harmed by the producer’s natural gas activities.
Producers Back Obama Administration’s Polar Bear Decision
The American Petroleum Institute (API) says it supports the Interior Department’s decision to retain the controversial Bush-era polar bear rule, which restricts the use of the Endangered Species Act (ESA) to address greenhouse gas (GHG) emissions that are contributing to the shrinking of the bear’s Arctic habitat.
Colorado Governor Pleases Critics in Call to Retain IDC Credit
Colorado Gov. Bill Ritter last week urged Congressional leaders to retain the Intangible Drilling Costs (IDC) tax deduction, which he said is critical to support the state’s now-struggling natural gas producers.
Colorado Governor Wants IDC Tax Deduction Retained
Colorado Gov. Bill Ritter on Wednesday urged Congressional leaders to retain the Intangible Drilling Costs (IDC) tax deduction, which he said is critical to support the state’s now-struggling natural gas producers.
Puget, Private Buyers to Keep Local Board, Management
Puget Sound Energy (PSE), the utility of Bellevue, WA-based Puget Energy, will retain key local board members and utility management following completion of the deal to take the company private, it said Thursday.