Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.
Sign
Articles from Sign
Critics Hit Shrinkage of New York’s Permitting Staff
The former chief of the New York Department of Conservation (DEC), whose ouster in October was criticized by producers and environmental groups alike, told state lawmakers last week that massive cutbacks in commission staff have become a “shell game” that didn’t take into account the consequences for stakeholders.
Australian Producer Gets First Permit to Drill in Deepwater GOM
But it’s not a sign that more deepwater permitting is immediately around the corner, says FBR Capital Markets.
West Virginia Landowners Want Range to Pay for Voided Leases
A group of West Virginia landowners have filed a lawsuit alleging that Range Resources Corp. and Duncan Land and Energy (DLE) breached the terms of leases for natural gas drilling in the state’s Marcellus Shale area two years ago.
Texas Lawmaker Presses for More Shallow-Water Permitting
The Interior Department’s issuance of a permit to Apache Corp. last week may be a sign that the de facto moratorium on shallow-water drilling in the Gulf of Mexico is thawing, a Texas lawmaker said Tuesday.
Obama Concedes Hardship of Deepwater Moratorium
In his first Oval Office address, President Obama last Tuesday gave no sign that he would ease up on the six-month moratorium on deepwater oil and natural gas drilling in the Gulf of Mexico (GOM).
Obama Concedes Hardship of Moratorium, But No Let-Up Expected
In his first Oval Office address, President Obama Tuesday night gave no sign that the moratorium on deepwater drilling in the Gulf of Mexico (GOM) may be shortened to less than six months.
House Dems Try to Derail Obama’s Plan to Cut LIHEAP
Rep. Edward Markey (D-MA) and other lawmakers are asking all 435 House members to sign a joint letter to an appropriations subcommittee seeking assurance that “at least” $5.1 billion will be allocated for the Low-Income Home Energy Assistance Program (LIHEAP) in fiscal year (FY) 2011, as well as nearly $600 million in additional emergency funds. The requested funding is significantly more than what the Obama administration has proposed for FY 2011.
House Dems Try to Derail Obama’s Plan to Cut LIHEAP
Rep. Edward Markey (D-MA) and other lawmakers are asking all 435 House members to sign a joint letter to an appropriations subcommittee seeking assurance that “at least” $5.1 billion will be allocated for the Low-Income Home Energy Assistance Program (LIHEAP) in fiscal year (FY) 2011, as well as nearly $600 million in additional emergency funds. The requested funding is significantly more than what the Obama administration has proposed for FY 2011.
Noble Pays Nearly $500M for Suncor’s Eastern Colorado Assets
In a sign of renewed optimism in U.S. drilling, Houston-based Noble Energy Inc. last week agreed to pay $494 million to buy nearly all of the natural gas and oil reserves in eastern Colorado held by the U.S. arm of Canada’s Suncor Energy Inc.