Reveal

Chesapeake Energy Corp. CEO Aubrey McClendon’s controversial financing transactions “did not reveal any improper benefit” to him nor did they increases costs to the company “as a result of the overlap in financial relationships,” the board of directors said Wednesday.

The U.S. Environmental Protection Agency (EPA) announced Friday that 20 water wells in Dimock Township, PA — collectively its second round of water quality testing — did not reveal any signs of contamination from natural gas drilling.

Companies in Arkansas would have to reveal all of the chemicals they will use during hydraulic fracturing (fracking) operations at new natural gas wells in the state prior to fracking, according to rule changes being considered by the state’s Oil and Gas Commission (AOGC).

An influx of liquefied natural gas (LNG) that will reveal the true value of natural gas storage is about three years away, according to the CEO of Spectra Energy Corp., but nearer on the horizon is consolidation of numerous master limited partnerships (MLP).

An influx of liquefied natural gas (LNG) that will reveal the true value of natural gas storage is about three years away, according to the CEO of Spectra Energy Corp., but nearer on the horizon is consolidation of numerous master limited partnerships (MLP).

Fresh data from the independent congressional Joint Committee on Taxation (JCT) reveal that as much as $700 million a year in subsidies are flowing to oil and natural gas companies as a result of a massive corporate tax cut bill that was enacted in 2004, according to Rep. Jim McDermott (D-WA).

Documents filed at FERC reveal that Washington Gas Light (WGL), which serves metropolitan Washington, DC and suburban areas, experienced a significant spike in compression-related natural gas leaks in 1999 when no liquefied natural gas (LNG) was flowing on its system. This was four years prior to the utility reporting a major upswing in leaks that it attributed to deliveries of high Btu-content LNG.

Three large and gas-heavy North American independents, Pioneer Natural Resources Co., Nexen Inc. and Pogo Producing Co., revealed encouraging second quarter production reports last week, with the best news coming from the companies’ operations in the deepwater Gulf of Mexico (GOM).

It’s not as if Westar Energy hasn’t seen enough trouble, but it’s now reported that top executives of the Kansas-based energy company believed $56,500 in contributions to political groups associated with four leading Republican lawmakers last year would buy them exemption from a controversial federal utility law, The Washington Post reported Friday.