Taking

Despite taking a significant hit in its 2Q2012 profits related to its 25% interest in the Rockies Express Pipeline (REX), which is now on the sales block, San Diego-based Sempra Energy executives view REX as a “significant” asset long term because of its potential role in moving natural gas bidirectionally from the developing parts of the Utica and Marcellus shales.

Australia’s BHP Billiton Ltd. is taking a US$2.84 billion pre-tax charge against the value of dry gas assets in the Fayetteville Shale that it acquired just last year due to weak natural gas prices and oversupply.

Taking two opportunities to field questions on hydraulic fracturing (fracking) in as many days, New York Gov. Andrew Cuomo said he supports “home rule” legislation and believes such powers would be an appropriate method for communities that support drilling to have it.

Taking two opportunities to field questions on hydraulic fracturing (fracking) in as many days, New York Gov. Andrew Cuomo said he supports “home rule” legislation and believes such powers would be an appropriate method for communities that support drilling to have it.

Pennsylvania’s Marcellus Shale natural gas drilling declined nearly 7% in the first five months of this year from the same period of 2011 in part as operators began moving from dry gas to wetter targets, according to data from the state Department of Environmental Protection (DEP).

Technology spawned from shale gas got special notice this month in Pennsylvania, with two innovations taking top honors in a competition geared to maximize the economic return from the Marcellus and Utica shales.

Nearly two years after the deadly San Bruno, CA, natural gas transmission pipeline rupture and explosion, Pacific Gas and Electric Co. (PG&E) is still having trouble taking full control of its 50,000-mile transmission and distribution system covering the central and northern expanses of California.

Taking on the Sierra Club over the organization’s claims that it has the authority to block the construction of a natural gas liquefaction project at the Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, Dominion on Friday filed a lawsuit with the Circuit Court of Calvert County, MD, for declaratory judgment to confirm its right to build the project.

Taking on the Sierra Club over the organization’s claims that it has the authority to block the construction of a natural gas liquefaction project at the Cove Point liquefied natural gas (LNG) terminal in Lusby, MD, Dominion on Friday filed a lawsuit with the Circuit Court of Calvert County, MD, for declaratory judgment to confirm its right to build the project.