Security

Because oil and natural gas reserves are the “core” measure of exploration and production (E&P) performance, the Security and Exchange Commission’s (SEC) decision to review and evaluate reserves disclosures offers a “welcome opportunity” to strengthen and improve the rules, Standard & Poor’s (S&P) said in a report Friday.

Because oil and natural gas reserves are the “core” measure of exploration and production (E&P) performance, the Security and Exchange Commission’s (SEC) decision to review and evaluate reserves disclosures offers a “welcome opportunity” to strengthen and improve the rules, Standard & Poor’s (S&P) said in a report Friday.

Sens. Byron Dorgan (D-ND) and Larry Craig (R-ID) plan to introduce bipartisan energy security legislation Wednesday that, among other things, would permit U.S. producers to explore for oil and natural gas in Cuban waters located as close as 45 miles from Florida.

Former Enron Corp. CEO Jeffrey Skilling began serving a 24-year and six-month prison sentence Wednesday at a medium-security federal prison in Minnesota after an appeals court turned down his request to remain free while he challenges his sentence.

Ex-Enron Corp. CEO Jeffrey Skilling will remain in the warmer climes of Houston — at least for the time being. Skilling was to report to a minimum security Minnesota prison on Tuesday to begin serving his 24-year sentence, but the U.S. Fifth Circuit Court of Appeals is considering his request to remain free while he appeals his convictions on 19 criminal counts (see Daily GPI, Oct. 13).

With the nation looking to the Rocky Mountain region for future gas supply security, producers there are finally getting the attention they have long desired and are taking advantage of it. A new “producer push” mentality is driving rapid pipeline expansion that will lead to a near doubling of Rockies export capacity over the next three years, Walter “Skip” Simmons of Wood Mackenzie told the Colorado Oil and Gas Association’s (COGA) annual Rocky Mountain Natural Gas Strategy Conference and Investment Forum in Denver.

With the nation looking to the Rocky Mountain region for future gas supply security, producers there are finally getting the attention they have long desired and are taking advantage of it. A new “producer push” mentality is driving rapid pipeline expansion that will lead to a near doubling of Rockies export capacity over the next three years, Walter “Skip” Simmons of Wood Mackenzie told the Colorado Oil and Gas Association’s (COGA) annual Rocky Mountain Natural Gas Strategy Conference and Investment Forum in Denver.

A new report by consultants at Boston-based Energy Security Analysis Inc. (ESAI) predicts that domestic gas production will grow by only about 0-2% per year over the next 10 years as new production largely offsets declining production from aging fields. As a result, domestic gas production could reach a peak around 2015.

Energy Security Analysis Inc. (ESAI) is projecting a $38 billion investment in wind generation in the U.S. over the next 10 years, which will be driven by renewable portfolio standards (RPS) that have passed into law in 19 states. The standards require utilities to purchase a designated percentage of their energy from renewable energy resources.