Strip

“We have thousands and thousands of well locations,” he said at the UBS Global Oil and Gas Conference. “We’ll be drilling at this pace for many years to come, assuming the [Nymex] strip pricing that we have today. We do plan to drill close to 400 wells this year and that certainly, of all of our operations, can flex more than any others as we need to respond to gas prices, one way or the other [see Shale Daily, May 24].”

While Congress is seeking to strip the Environmental Protection Agency (EPA) of some of its regulatory powers, the head of Exelon Corp.Wednesday expressed his support for the agency’s continued enforcement of the Clean Air Act (CAA), saying that it was more cost-effective for the energy industry and removed uncertainty.

EnerVest Ltd. on Thursday said it had come to terms with Encana Corp. to acquire the Calgary-based producer’s Barnett Shale portfolio in North Texas for $975 million.

House and Senate lawmakers last week kicked off the debate to strip the Environmental Protection Agency (EPA) of authority to regulate greenhouse gas (GHG) emissions under the Clean Air Act (CAA).

For the second time this week, legislative language has been offered on Capitol Hill to strip the Environmental Protection Agency (EPA) of authority to regulate greenhouse gas (GHG) emissions under the Clean Air Act (CAA).

The Natural Gas Council (NGC), which includes the major gas associations in Washington, DC, last Wednesday said it opposed Democratic legislation that would strip FERC of its existing authority to review, approve and site liquefied natural gas (LNG) import terminals.

The Natural Gas Council (NGC), which includes the major gas associations in Washington, DC, Wednesday said it opposed Democratic legislation that would strip FERC of its existing authority to review, approve and site liquefied natural gas (LNG) import terminals.

The Natural Gas Council (NGC), which includes the major gas associations in Washington, DC, Wednesday said it opposed Democratic legislation that would strip FERC of its existing authority to review, approve and site liquefied natural gas (LNG) import terminals.

Producers may have dodged a bullet on the windfall profits tax (see Daily GPI, Dec. 3), but majors and independents still are concerned that Congress may revise or strip away existing tax benefits for oil and natural gas to offset revenue losses and narrow the budget deficit.