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North Dakota Weighing E&P Legislation

The North Dakota legislature is considering legislation that would impact exploration and production (E&P) companies, including offering incentives to eliminate natural gas flaring at the wellhead.

January 17, 2013

Industry Brief

California’s natural gas power generation bill may be higher than normal in the first months of 2013 as the 2,200 MW San Onofre Nuclear Generating Station was shuttered. Nuclear Regulatory Commission (NRC) Chair Allison Macfarland this week was at the plant for an update but hasn’t indicated when at least one of the two units would restart. Majority owner/operator Southern California Edison Co. has asked the NRC to allow at least Unit 2 to come back to 70% of capacity.

January 17, 2013

Abraxas Eagle Ford Well Flowing Above Expectations

Abraxas Petroleum Corp. said a recent Eagle Ford Shale well has been performing better than expected, but its operations in the Williston Basin in North Dakota have been hampered by equipment troubles.

January 15, 2013

Chevron: ‘Notably Higher’ Profits in Fourth Quarter

Chevron Corp. expects to report “notably higher” results for 4Q2012 than profits in the previous three months, management said in an interim update.

January 14, 2013

Pennsylvania Driller Buys Chesapeake Leases in New York

A Pennsylvania driller has bought more than 56,000 acres of leasehold, hundreds of producing natural gas wells and nearly 200 miles of natural gas pipeline and other infrastructure in New York state from a subsidiary of Chesapeake Energy Corp. It said it plans to drill vertical wells on the acquisition acreage this year.

January 10, 2013

New York DEC: More Than 800 Fracking Comments and Counting

The New York Department of Environmental Conservation (DEC) says it has received more than 800 responses so far on proposed rules governing high-volume hydraulic fracturing (HVHF), as the final 11 days of a 30-day public comment period tick away.

January 2, 2013
Marcellus: A Source for More NGVs?

Marcellus: A Source for More NGVs?

Pennsylvania continues its support for natural gas use to power vehicles.

December 19, 2012

Industry Briefs

Costar Midstream LLC has acquired more than 80 miles of natural gas gathering pipelines, associated compression and treating assets in Gregg County in northeast TX. Costar operates 75,000 Mcf/d of gas processing capacity, 8,000 b/d of natural gas liquids (NGL) fractionation capacity, 20,000 hp of compression, and 30,000 Mcf/d of gas treating capacity in the area. As a result of the acquisition, Costar will construct 10 miles of 12-inch diameter pipeline to connect the NGL-rich gas supply to Costar’s existing processing plant and 600 miles of gathering pipelines. Costar is a portfolio company of Energy Spectrum Capital and was formed in April 2011 to acquire and develop midstream infrastructure.

December 18, 2012

Britain Clears Way for Fracking

With the introduction of new risk controls, the British government has cleared the way for hydraulic fracturing (fracking) to resume in the country where the shale gas reserve could be 4.2 Tcf, according to one estimate.

December 17, 2012

XTO ‘Delays’ Dallas Drilling Fight

Less than a month after renewing its fight for the right to drill its leases at in southwest Dallas, ExxonMobil Corp.’s XTO Energy told the Dallas City Planning Commission to strike its request for specific use permits from the agenda for its Dec. 20 meeting.

December 10, 2012
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