Setback

Drilling Supporters to Appeal New York Ruling

In a stunning setback for shale development in New York state, an appellate court ruled unanimously last week to uphold two local bans on oil and gas activities. Attorneys representing landowners and energy companies told NGI that they have already started the process to appeal to the top court in the state, the Court of Appeals.

May 6, 2013

New York Assembly Passes Two-Year Moratorium on Fracking

In a stunning setback for shale development in the Empire State, the New York State Assembly voted 95-40 on Wednesday to enact a two-year moratorium on high-volume hydraulic fracturing (HVHF). The bill, A5424, now moves to the state Senate.

March 7, 2013

New York Assembly Passes Two-Year Moratorium on Fracking

In a stunning setback for shale development in the Empire State, the New York State Assembly voted 95-40 on Wednesday to enact a two-year moratorium on high-volume hydraulic fracturing (HVHF). The bill, A5424, now moves to the state Senate.

March 7, 2013

Colorado City Bans Fracking, Despite Governor’s Warning

Despite the threat of legal action from Gov. John Hickenlooper, the city council of Fort Collins, CO, has adopted a resolution banning hydraulic fracturing (fracking) within city limits.

March 7, 2013

Colorado Governor Responds to Local Criticism

Colorado Gov. John Hickenlooper responded Thursday to criticism from local elected officials in his state who are upset over his government taking the city of Longmont, CO, to court over its oil and natural gas drilling rules. Legal action was what Hickenlooper called a “last resort” in a letter he sent to various local officials considering similar local drilling rules.

October 1, 2012
Colorado Considers Drilling Setback Rule Changes

Colorado Considers Drilling Setback Rule Changes

The Colorado Oil and Gas Conservation Commission (COGCC) is considering three new setback zones for drilling based on the distance from a wellhead or production facility to the nearest occupied building.

September 28, 2012

SEC Adopts Disclosure for Oil, Gas Extraction Payments

In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) last week narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.

August 27, 2012

SEC Adopts Disclosure Rules on Oil, Gas Extraction Payments

In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) Wednesday narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.

August 23, 2012

Corbett’s Proposed Pennsylvania Shale Policy Gets Shrug

Pennsylvania Gov. Tom Corbett is getting a lukewarm reception for his proposed changes to state shale policy, which largely mimic the recommendations his Marcellus Shale Advisory Commission made three months ago (see Shale Daily, Oct. 4).

October 5, 2011

What Market Decline? Natgas Down Less Than a Cent

Natural gas futures remained an uncharacteristic beacon of stability and suffered only a modest setback as other markets cascaded lower in volatile trading. At the close September natural gas had retreated 0.6 cent to $3.935 and October gave up just 0.5 cent to $3.957. November through June 2012 posted modest gains. By contrast the Dow Jones Industrial Average fell 635 points to 10,810 and September crude oil tumbled $5.57 to $81.31/bbl. Gold rose $70 to $1,722/oz, a record, and the yield on 10-year treasuries zoomed 20 basis points to 2.37%, the highest one-day move since May 2009.

August 9, 2011