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The Marcellus Shale is a “solidly economic” shale play that could play a big role in the export of liquefied natural gas (LNG) from the United States to Europe and Asia, but regulatory hurdles, stiff competition and market forces are all significant obstacles, according to two energy industry experts.

The Bureau of Land Management (BLM) said Tuesday it sold 13 of 16 available parcels in an oil and natural gas lease sale in the Green River District in east-central Utah.

Two and a half million gallons sounds like a lot of water, and producers can use that much and more to stimulate a well with hydraulic fracturing (fracking), but other uses consume a lot more, ExxonMobil CEO Rex Tillerson told an audience on the Council on Foreign Relations Wednesday.

As was expected, Nebraska Gov. Dave Heineman on Tuesday signed into law a measure allowing the Nebraska Department of Environmental Quality (NDEQ) to resume its review and oversight of an alternate route for the northern portion of the Keystone XL oil pipeline project. It is effective Wednesday.

Opponents of TransCanada Corp.’s proposed Keystone XL oil pipeline accused Nebraska legislators Wednesday of bowing to the Alberta-based pipeline company’s interests after the lawmakers solidly approved legislation 44-5 to allow the pipeline to traverse the state.

House Speaker John Boehner Monday signaled that the House will take up legislation that will seek to clear the deck for expanded oil and natural gas production, with revenues going towards infrastructure upgrades.

Pennsylvania state Sen. Mary Jo White recently said she would not seek reelection this year after 14 years in office. The Republican from Venango County in northwestern Pennsylvania has chaired the Senate Environmental Resources and Energy Committee for the past 12 years, placing her in the middle of the current debate over Marcellus Shale legislation. Under her watch, the committee crafted an impact fee on unconventional natural gas drilling (see Shale Daily, Jun 15, 2011) and increased coordination between gas drilling and coal mining (see Shale Daily, May 17, 2011). Before running for office, White served as a public defender in Venango and worked as the vice president of environmental and governmental affairs for Quaker State Corp.

The Mississippi Development Authority (MDA) has published draft rules and regulations that seek to open the state’s offshore to seismic testing and leasing primarily south of the barrier islands, which is about nine to 10 miles from its shoreline.

Rep. Barney Frank (D-MA), former chairman of the powerful House Financial Services Committee, has announced that he will not seek reelection in 2012 after serving 32 years in Congress. Frank, 71, and former Sen. Christopher Dodd (D-CT) co-wrote and shepherded the sweeping Wall Street Reform and Consumer Protection Act through Congress last year. President Obama signed the legislation into law in July 2010 (see NGI, July 26, 2010). Earlier this year, he opposed Republicans’ efforts to water down the financial reform law by cutting the budgets of the Commodity Futures Trading Commission and the Securities and Exchange Commission, the two agencies tasked with enforcing the stricter law. Frank was instrumental in getting Hess LNG to withdraw its proposal to build the controversial Weaver’s Cove liquefied natural gas (LNG) import terminal in Fall River, MA. The company withdrew its application in June in response to the opposition from a number of congressional, state and local officials (see NGI, June 20).