Retain

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.

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.

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.

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.

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.

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 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 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 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.