Revisit

The Texas Supreme Court may soon decide on a request to revisit a 2011 opinion on the use of eminent domain that some industry representatives say could stymie the efforts of companies trying to build oil and gas pipelines to service growing production in the state’s shale plays.

Driven by record natural gas output from core holdings in the Pinedale Anticline of Wyoming and the Marcellus Shale in Pennsylvania, Ultra Petroleum Corp. on Wednesday reported quarterly profit numbers that beat Wall Street’s expectations. The Houston producer also disclosed that it established a third core area, almost 100,000 net acres in the liquids-prone Niobrara formation of the Denver-Julesburg (DJ) Basin of Colorado.

With an abbreviated off-year, one-month special session scheduled for February, the Oregon Legislature is being urged by environmental groups to revisit a three-year moratorium on offshore oil/natural gas drilling in state coastal waters — either through extending the moratorium that expired Jan. 2 or by enacting a permanent ban.

With an abbreviated off-year, one-month special session scheduled for February, the Oregon Legislature is being urged by environmental groups to revisit a three-year moratorium on offshore oil/natural gas drilling in state coastal waters — either through extending the moratorium that expired last Saturday or by enacting a permanent ban.

Interior Secretary Ken Salazar has signaled that he cannot revisit his decision to shelve 77 oil and natural gas leases near national parks in Utah until Sen. Robert Bennett (R-UT) releases his hold on agency nominees.

Interior Secretary Ken Salazar signaled Friday that he cannot revisit his decision to shelve 77 oil and natural gas leases near national parks in Utah until Sen. Robert Bennett (R-UT) releases his hold on agency nominees.

Now may be the time to revisit the prospect of accessing the Arctic region for new supplies of natural gas, or face the possibility that liquefied natural gas (LNG) projects may again pull the cord on a pipeline moving forward, according to a report issued Thursday by Standard & Poor’s Ratings Services (S&P).