Setback

Flooding, Bakken Clarified by MDU Executives

June’s flood in and around the Bakken Shale play in North Dakota has been a setback for all the producers in the area, but it may not be as devastating as earlier reports indicated, MDU Resources Group Inc. senior executives said Tuesday during a second quarter earnings conference call.

August 8, 2011

Flooding, Bakken Clarified by MDU Executives

June’s flood in and around the Bakken Shale play in North Dakota has been a setback for all the producers in the area, but it may not be as devastating as earlier reports indicated (see Daily GPI, June 28), MDU Resources Group Inc. senior executives said Tuesday during a second quarter earnings conference call.

August 4, 2011

PG&E Seeks Replacement After CEO Suddenly Resigns

PG&E Corp. and its beleaguered combination utility, Pacific Gas and Electric Co. (PG&E), were rocked by a sudden setback when its CEO for the past six years, Peter Darbee, announced on Thursday that he was retiring early and the PG&E board accepted his resignation. Lead outside Director Lee Cox, a former telecommunications CEO, will assume Darbee’s chairman/CEO/President role on an interim basis effective April 30.

April 26, 2011

Waxman Wins Steering Panel Vote for House Energy Chair

Rep. John Dingell (D-MI) suffered a stinging setback Wednesday when he narrowly lost a vote in the Democratic Steering Committee to challenger Rep. Henry Waxman (D-CA) for the gavel of the powerful House Energy and Commerce Committee.

November 20, 2008

BP Suspends Delaware River LNG Terminal Plans

BP Crown Landing LLC, which suffered a major setback to its plans to build a liquefied natural gas (LNG) terminal along the Delaware River at the hands of the U.S. Supreme Court earlier this year, has suspended those plans.

October 13, 2008

BP Suspends Delaware River LNG Terminal Plans

BP Crown Landing LLC, which suffered a major setback to its plans to build a liquefied natural gas (LNG) terminal along the Delaware River at the hands of the U.S. Supreme Court earlier this year, has suspended those plans.

October 9, 2008

Most Prices Up; Rockies Trade for Pennies Again

Beset by yet another transportation setback — this one unplanned — several Rockies points saw lows of 1, 2 or 3 cents Monday while Cheyenne Hub averaged less than a nickel and CIG was only a couple of pennies higher. All Rockies numbers plunged anywhere from a little less than half a dollar to nearly a dollar. However, the rest of the cash market was flat or stronger based on rising temperatures in the Midwest, Friday’s quarter rise by October futures and the return of industrial load from weekend hiatus.

September 18, 2007

PXP Deal to Buy Pogo Runs into Shareholder Opposition

Plains Exploration & Production Co. (PXP) has run into a setback in its plan to purchase Pogo Producing Co. after one of PXP’s major shareholders said it will vote against the deal because of the “negative natural gas price environment.”

September 17, 2007

PXP Deal to Buy Pogo Runs into Shareholder Opposition

Plains Exploration & Production Co. (PXP) has run into a setback in its plan to purchase Pogo Producing Co. after one of PXP’s major shareholders said it will vote against the deal because of the “negative natural gas price environment.”

September 11, 2007

Aboriginal Relations Challenges Not Over for Canadian Producers

A new setback in the courts has sent Canadian natural gas producers a message that they still have far to go to find a formula for efficient northern expansion in aboriginal territory.

July 31, 2007