Rights

The state of Wyoming will take the lead in the continuing investigation of the potential impact of natural gas production activities on drinking water in the Pavillion, WY, area, with the cooperation of the U.S. Environmental Protection Agency (EPA), which is suspending its own investigation.

The state of Wyoming will take the lead in the continuing investigation of the potential impact of natural gas production activities on drinking water in the Pavillion, WY, area, with the cooperation of the U.S. Environmental Protection Agency (EPA), which is suspending its own investigation.

The U.S. Geological Survey (USGS) said it found naturally occurring dissolved methane at several household wells used for drinking water in Sullivan County, PA, during pre-drill baseline testing at sites not near existing oil and gas drilling in the Marcellus Shale.

ExxonMobil Corp. has filed for permission to export 30 million metric tons a year (mmty) of liquefied natural gas (LNG) from the west coast of British Columbia (BC) (see related story). The Irving, TX-based operator said in an export license application with the National Energy Board that it is assessing potential construction sites in the Kitimat and Prince Rupert, BC areas for an LNG facility that would include six processing units. The project would be a partnership with its majority-owned Canadian subsidiary Imperial Oil Ltd. If all goes as scheduled, gas exports could begin in the 2021 to 2023 time frame, the filing indicated. The BC venture, to be known as WCC LNG Ltd., would be supplied with gas from Western Canada fields. During the life of the project, gas also could be sourced from other North American basins. In May ExxonMobil and Qatar Petroleum International, which are sponsoring the proposed Golden Pass Products LNG terminal in Sabine Pass, TX, launched pre-filing for their proposed 15 mmty project (see NGI, May 20).

Potential exports of liquefied natural gas (LNG) representing 5-15% of U.S. natural gas production will bring “significantly more” volatility to Henry Hub gas prices, with more exports making for greater volatility, consultancy PIRA Energy Group said in a new report.

It’s been a year since Chesapeake Energy Corp.’s shareholders tossed out most of the board of directors, chastised then CEO Aubrey McClendon and drew a line on corporate governance (see NGI, June 11, 2012). Prized assets since have been sold, capital budgets have been cut, offices closed.

It’s been a year since Chesapeake Energy Corp.’s shareholders voted out most of the board of directors, chastised then CEO Aubrey McClendon and drew a line on corporate governance (see Daily GPI, June 11, 2012). Prized assets since have been sold, capital budgets have been cut, offices closed.

A U.S. District Court judge in Washington, DC, has dismissed a challenge by Bloomberg LP of the Commodity Futures Trading Commission’s (CFTC) Dodd-Frank regulations of the multi-trillion over-the-counter (OTC) derivatives market. At the same time, a coalition of associations urged the agency to maintain the $8 billion threshold for swap dealing activity that a participant may engage in before it becomes subject to the requirements.

Potential exports of liquefied natural gas (LNG) representing 5-15% of U.S. natural gas production will bring “significantly more” volatility to Henry Hub gas prices, with more exports making for greater volatility, consultancy PIRA Energy Group said in a new report.