As the deadline for moving proposed bills out of finance committees came and went Thursday, the California state legislature again gave up on measures designed to more closely regulate hydraulic fracturing (fracking).
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Jilted Partner Sues Over Oil Pipeline
Energy Transfer Partners LP, the former partner with Enterprise Products Partners LP in a proposed oil pipeline from Cushing, OK, to Houston, is suing Enterprise and its new partner in a similar project, Enbridge Inc.
Transportation Notes
Pacific Gas and Electric ended a two-day Stage 2 high-inventory OFO Sunday.
Dynegy Shareholders Give Thumbs Down to Blackstone Offer
In the end, a $5/share offer by a unit of the Blackstone Group LP failed to get a majority of shareholder support, so Dynegy Inc. last Tuesday said the merger agreement was terminated, taking with it a related sale of some natural gas-fired power plants to NRG Energy Inc. Opposition from major shareholders representing more than 20% of Dynegy’s shares has been unrelenting.
Inquiry into Fuel Retention Practices Ended by FERC
FERC Thursday terminated an inquiry into the fuel retention practices of interstate natural gas pipelines, saying there was no basis for the agency to proceed with generic action.
Transportation Notes
CIG implemented a Strained Operating Condition (SOC) Wednesday that it expected to remain in effect “through the end of September, unless specifically terminated sooner.” Storage inventories are at or near reservoir guidelines, CIG said, and thus its “ability to absorb imbalances caused by mismatches between scheduled receipts and deliveries or those imbalances arising from variations in actual gas flow from scheduled quantities is extremely limited.” The limitation includes capacity to handle storage injections in excess of each customer’s Available Daily Injection Quantity or inventory levels above Maximum Available Capacity. During the effective period of the SOC capacity for interruptible storage injections will not be available, CIG said.
California Lands Commission Terminates 3 Chevron Offshore Leases
The California State Lands Commission last week terminated three oil and natural gas leases held by Chevron Corp. off the coast of Santa Barbara County, a move that would put the 11,000-acre site permanently off-limits to exploration and production.
California Lands Commission Terminates 3 Chevron Offshore Leases
The California State Lands Commission has terminated three oil and natural gas leases held by Chevron Corp. off the coast of Santa Barbara County, a move that would put the 11,000-acre site permanently off-limits to exploration and production.
Forest Service Boots Stanley Energy from Wyoming Range Planning
U.S. Forest Service officials last month terminated a memorandum of understanding (MOU) with Stanley Energy Inc. after questions surfaced about the Denver-based company’s influence over a plan to drill in the Wyoming Range.
Forest Service Boots Stanley Energy from Wyoming Range Planning
U.S. Forest Service officials terminated a memorandum of understanding (MOU) with Stanley Energy Inc. after questions surfaced about the Denver-based company’s influence over a plan to drill in the Wyoming Range.