Seeks

FERC on Friday issued a favorable environmental review of Equitrans LP’s pipeline project that seeks to ease the capacity constraint in eastern Kentucky that has led to natural gas production being shut in for much of the year in that region.

Continuing to rally against allegedly unjust practices by Nicor Gas, the Citizens Utility Board (CUB) claims that the utility owes customers $143.3 million in refunds, or about $75 for the average customer, as a result of a complicated scheme the company allegedly embarked on to defraud consumers at a time when they were paying record high gas prices.

Continuing to rally against allegedly unjust practices by Nicor Gas, the Citizens Utility Board (CUB) claims that the utility owes customers $143.3 million in refunds, or about $75 for the average customer, as a result of a complicated scheme the company allegedly embarked on to defraud consumers at a time when they were paying record high gas prices.

Sen. Craig Thomas (R-WY) is working with several other lawmakers to put together a bill that seeks to improve the energy supply situation and lower both crude oil and natural gas prices.

The Senate Judiciary Committee approved by voice vote Thursday a bill that seeks to tame natural gas and crude oil prices by strengthening antitrust enforcement and bolstering competition in the energy industry.

Senate Judiciary Committee Chairman Arlen Specter (R-PA) and five other members of the panel introduced legislation Thursday that seeks to tame natural gas and crude oil prices by strengthening antitrust enforcement and bolstering competition in the energy industry.

Senate legislation (S. 2314) that seeks to scale back royalty relief for oil and natural gas producers in the Outer Continental Shelf (OCS) would trigger an increase in the amount oil and gas royalties paid to the federal government, but it also would result in a drop-off in bonus bid revenues flowing into the U.S. Treasury, according to the Congressional Budget Office (CBO). Consequently, net receipts to the federal government from offshore leasing might not rise in the long run and even could fall over the next five years, it said.

Key Senate Democrats have introduced legislation that seeks to halt billions of dollars of royalty incentives for crude oil and natural gas development on federal lands.

The House Florida delegation last week said it would oppose any legislation that seeks to relax the existing federal moratorium on oil and gas drilling off of the state’s coastline.