The board of EXCO Resources Inc. has formed a special committee to consider a buyout proposal from CEO Douglas H. Miller. Evaluation of the offer — and any others that might come — is expected by analysts to take anywhere from six to 12 months.
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NGSA, AGA Predict Stable Gas Market for Winter
Supplies of natural gas are expected to be bountiful this winter, with much of the gas coming from domestic sources (such as shales), which will lead to a relatively stable market this winter, according to two major winter forecasts released by the Natural Gas Supply Association (NGSA) and the American Gas Association (AGA) last week.
Fitch Sees Safety in Shales for Pipeline
Midcontinent Express Pipeline’s (MEP) access to high-growth gas shale basins, such as the Barnett, Bossier, Woodford and Haynesville, plus long-term, fixed-fee capacity reservation contracts give the 505-mile pipeline a “stable outlook,” according to Fitch Ratings.
Fitch Sees Safety in Shales for Pipeline
Midcontinent Express Pipeline’s (MEP) access to high-growth gas shale basins, such as the Barnett, Bossier, Woodford and Haynesville, plus long-term, fixed-fee capacity reservation contracts give the 505-mile pipeline a “stable outlook,” according to Fitch Ratings.
Wastewater Bill Advances in Pennsylvania
Marcellus Shale producers in Pennsylvania would have to report wastewater produced from their wells — including fluids from hydraulic fracturing operations — to state regulators under legislation that cleared a state House committee Tuesday.
Weekend Prices Decline at Nearly All Points
Prices dwindled at virtually all points Friday as cooling load remained largely static or dropped in such key market areas as the Northeast. The previous day’s decline of 3 cents by September futures was an additional, but minor, bearish influence on the cash market.
Price Increases Continue at Nearly All Points
Marginal increases in temperature forecasts in several regions kept prices rising at nearly all points Tuesday. Otherwise, fundamentals such as slight prior-day futures weakness and the lack of any Atlantic tropical activity argued against any continued market firmness.
EPA Accused of Overreaching in GHG Rule
The Environmental Protection Agency (EPA) last Thursday announced it finalized a rule designed to curb the greenhouse gas (GHG) emissions of the largest stationary polluters, such as power plants and industrial facilities, while shielding millions of the smaller emitters of GHGs from the permitting requirements of the Clean Air Act (CAA). But manufacturers and chemical companies were troubled by the rule, saying the agency had its sights on eventually regulating even small GHG emitters.
EPA Finalizes Rule to Regulate GHGs Under Clear Air Act
The Environmental Protection Agency (EPA) Thursday announced it has finalized a rule designed to curb the greenhouse gas (GHG) emissions of the largest stationary polluters, such as power plants and industrial facilities, while shielding millions of the smaller emitters of GHGs from the permitting requirements of the Clean Air Act (CAA). But manufacturers and chemical companies were troubled by the rule, saying the agency had its sights on eventually regulating even small emitters.
Gains Slightly Outnumber Losses in Near-Flat Market
The cash market wavered on either side of flat Tuesday, seemingly torn between forecasts of colder temperatures in such key market areas as the Midwest and South versus the previous day’s prompt-month futures break below $5 for the first time since December combined with ample storage inventories remaining as the final month of the traditional withdrawal season nears.