Severe

Winter’s Wrath Cost Pioneer 6,000 boe/d of Q4 Production

Pioneer Natural Resources Co.’s fourth quarter production was dinged by about 6,000 boe/d due to severe winter weather in Texas that affected mainly the Permian Basin region. Operations are now back to normal, the company said Tuesday in a production update.

January 22, 2014

CFTC Sequestration May Stall Dodd-Frank Reforms

The Commodity Futures Trading Commission (CFTC), a small agency with the herculean task of regulating the derivatives and futures markets, could face severe budget cuts that would prevent it from implementing many of the reforms proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act, said Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) last Wednesday.

March 4, 2013

CFTC Sequestration May Stall Dodd-Frank Reforms

The Commodity Futures Trading Commission (CFTC), a small agency with the herculean task of regulating the derivatives and futures markets, could face severe budget cuts that would prevent it from implementing many of the reforms proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act, said Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) Wednesday.

March 1, 2013

Colorado Agency Postpones Setback Rule Decision

The Colorado Oil and Gas Conservation Commission (COGCC) reconvened Thursday in Denver, but was unable to resolve lingering issues and delayed until Feb. 11 finalizing new setback requirements for oil and natural gas wells.

January 28, 2013

‘Pronounced Recovery’ in GOM Forecast for 2013 and Beyond

Barring a “severe negative turn” in the global economic outlook, the outlook for oil and gas projects in the U.S. Gulf of Mexico (GOM) appears to be positive with gains across all of the major market sectors, according to Quest Offshore.

November 5, 2012

‘Pronounced Recovery’ for GOM Forecast for 2013 and Beyond

Barring a “severe negative turn” in the global economic outlook, the outlook for oil and gas projects in the U.S. Gulf of Mexico (GOM) appears to be positive with gains across all of the major market sectors, according to Quest Offshore.

November 2, 2012

Abundant Gas Supply Clogging U.S.-Canada Trade

Glutted markets slowed natural gas trade between Canada and the United States in the first six months of this year — and inflicted severe price cuts on market participants, according to the latest import-export records released by the U.S. Department of Energy’s Office of Natural Gas Regulatory Activities.

October 22, 2012

Abundant Supply Clogging U.S.-Canada Gas Trade

Glutted markets slowed natural gas trade between Canada and the United States in the first six months of this year — and inflicted severe price cuts on market participants, according to the latest import-export records released by the U.S. Department of Energy’s Office of Natural Gas Regulatory Activities.

October 22, 2012
Derecho, Slumping Prices Hinder Magnum Hunter’s Appalachian Plans

Derecho, Slumping Prices Hinder Magnum Hunter’s Appalachian Plans

Magnum Hunter Resources Corp.’s production in the Appalachian Basin remains “substantially curtailed” nearly three months after an unusually severe thunderstorm knocked out electricity service to much of the region, the Houston-based independent said Wednesday.

September 27, 2012

FERC Formalizes Gas-Power Coordination Inquiry

FERC Thursday opened for public comment a proposal on how to improve coordination between the natural gas and electricity industries to avoid a repeat of the severe gas service outage that curtailed service to thousands of customers in the Southwest last winter.

February 20, 2012
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