Thursday

The U.S. Commodity Futures Trading Commission (CFTC) Thursday filed its case against MF Global Inc., MF Global Holdings Ltd. and CEO Jon Corzine and an assistant treasurer for illegal use of customer money, calling for 100% restitution of customer losses totaling approximately $1 billion, plus a $100 million penalty, in the firm’s October 2011 bankruptcy

The Senate Thursday unanimously confirmed Anthony Foxx, the mayor of Charlotte, NC, to succeed Ray LaHood as secretary of the Department of Transportation (DOT), which oversees the safety of the nation’s natural gas and hazardous pipeline infrastructure, as well as roads, airports and railways.

States are being shortchanged hundreds of millions of dollars by low-ball royalties for oil and natural gas development on federal lands, a report released Thursday by a Denver-based nonpartisan think tank says, based on an analysis of seven states.

States are being shortchanged hundreds of millions of dollars by low-ball royalties for oil and natural gas development on federal lands, a report released Thursday by a Denver-based nonpartisan think tank says, based on an analysis of five western states, plus North Dakota and Texas.

FERC Thursday approved Northern Natural Gas pipeline’s proposal to construct and operate facilities to offload liquefied natural gas (LNG) at its peak-shaving facility in Hancock County, IA, to respond more quickly in the event of outage emergencies, heightened demand and required maintenance, as well as to provide LNG liquefaction and delivery service to third parties on an interruptible basis.

FERC Thursday approved Kinder Morgan Texas Pipeline LLC’s (KMTP) application to amend its presidential permit to increase the design capacity of its U.S.-Mexico border-crossing facilities from 425 MMcf/d to 700 MMcf/d (see Daily GPI, March 8).

State lawmakers in West Virginia plan to meet in Wheeling on Thursday to discuss the impact the oil and gas industry is having on local roadways.

When the Energy Information Administration (EIA) releases its storage report on Thursday for the week ending June 14, analysts at Stephen Smith Energy Associates predict it will show natural gas storage at 2,435 Bcf, an increase of 88 Bcf from EIA’s previous report.

Wyoming Gov. Matt Mead last Thursday urged the federal Environmental Protection Agency (EPA) to allow more time for comments on its proposed Regional Haze Plan, noting the federal agency only recently revised the proposal and that change would deny Wyoming’s plan to improve viewsheds in favor of a federal plan.