Scored

Judge Rejects Industry Challenge to GOM Rules

The Interior Department scored a partial victory last Wednesday when U.S. District Judge Martin Feldman in Louisiana rejected industry allegations that the department exceeded its authority under the Outer Continental Shelf Lands Act (OCSLA) by imposing new permitting requirements for developmental drilling in the western Gulf of Mexico (GOM).

April 11, 2011

Traders Mull Thursday’s Inventory Report; April Gains Again

April futures scored another impressive gain Wednesday as traders attempted to factor in a late-season bout of cold weather that is expected to have little long-term impact on inventories. At the close April futures had posted a gain of 8.1 cents to $4.335 and May added 8.1 cents as well to $4.412. May crude oil gained 78 cents to $105.75/bbl.

March 24, 2011

CNOOC Buys into Chesapeake’s DJ, Powder River Basins

Chesapeake Energy Corp. late Sunday scored a sixth U.S. onshore joint exploration agreement and its second with China’s CNOOC Ltd. (China National Offshore Oil Corp.) in a transaction valued at more than $1.26 billion.

February 1, 2011

Futures Seen Another 10 Cents Higher After Bullish Storage Stats

February natural gas futures scored a second straight double-digit advance Thursday as traders reacted to a bullish inventory report and were forced to cover short positions.

January 21, 2011

Offshore Producers Score Break in Stopgap Spending Measure

Offshore oil and natural gas producers scored a break in the stopgap funding measure signed by President Obama late Tuesday — it excludes a provision that would have extended the federal review period of new offshore drilling plans to 90 days from 30 days.

December 23, 2010

Traders See Improving Economy; April Gains More Than 4 Cents

April natural gas futures scored a modest gain Friday as traders noted covering of earlier short positions countered by light selling by producers. At the end of the day April futures had risen 4.6 cents to $4.813 and May added 4.8 cents to $4.879. April crude oil gained $1.49 to $79.66/bbl.

March 1, 2010

Traders See Improving Economy; April Gains More Than 4 Cents

April natural gas futures scored a modest gain Friday as traders noted covering of earlier short positions countered by light selling by producers. At the end of the day April futures had risen 4.6 cents to $4.813 and May added 4.8 cents to $4.879. April crude oil gained $1.49 to $79.66/bbl.

March 1, 2010

Court Chides FERC for Ignoring Wellinghoff Dissent

FERC Chairman Jon Wellinghoff and the American Gas Association (AGA) scored a victory Friday when the D.C. appellate court remanded a prior order denying AGA’s request for expanded reporting of natural gas that shippers provide to interstate pipelines.

January 25, 2010

Court Chides FERC for Ignoring Wellinghoff Dissent

FERC Chairman Jon Wellinghoff and the American Gas Association (AGA) scored a victory Friday when the DC appellate court remanded a prior order denying AGA’s request for expanded reporting of natural gas that shippers provide to interstate pipelines.

January 25, 2010

Anadarko Prevails in High Court Challenge

Anadarko Petroleum Corp. — and a host of other producers — scored a major victory last week after the U.S. Supreme Court refused to consider a government challenge to lower court decisions that have blocked the Department of Interior (DOI) from collecting billions in deepwater Gulf of Mexico (GOM) natural gas and oil royalties.

October 12, 2009