The West Virginia Supreme Court of Appeals has ruled that state law doesn’t give landowners the right to seek judicial review of well permits issued by the Department of Environmental Protection (DEP). However, the appeals court urged lawmakers to consider changing the law to give landowners more say.
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Correction
In last week’s story titled “Sweeping Financial Regulatory Reform Clears Senate” (see NGI, May 24), NGI incorrectly stated that both the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission carried out legal action against Amaranth Advisors LLC and its principal over the manipulation of gas futures prices in 2006. Both agencies have carried out legal action only against Amaranth Advisors LLC. NGI regrets the error.
Correction
In last Thursday’s story titled “Senate Amendment Would Preserve FERC’s Market Authority” (see Daily GPI, May 20), NGI incorrectly stated that both the Federal Energy Regulatory Commission and the Commodity Futures Trading Commission carried out legal action against Amaranth Advisors LLC and its principal over the manipulation of gas futures prices in 2006. Both agencies have carried out legal action only against Amaranth Advisors LLC. NGI regrets the error.
Correction
In the June 23 article titled “UNG Seeks Removal of Trading Limits” it was incorrectly stated that the United States Natural Gas Fund (UNG) at the close of business Monday held a total of 229,890 August futures contracts on IntercontinentalExchange (ICE) and 97,746 August swaps contracts. The 229,890 contracts on ICE are swaps, not futures, and the 97,746 swaps contracts are New York Mercantile Exchange swaps. NGI regrets the errors.
Correction
In a story titled “Aussies Buy Majority Stake in NGPL System” in last week’s edition, we reported that Australia-based investment group Babcock and Brown Ltd. was leading a consortium to buy the majority stake in MidCon, which owns the Natural Gas Pipeline Company of America (NGPL), in a $7.6 billion transaction. The actual transaction value is $6.6 billion. NGI regrets the error.
Correction
In a story titled “Aussie Consortium Buys Majority Stake in NGPL System” in last Friday’s edition of NGI’s Daily Gas Price Index, we reported that Australia-based investment group Babcock and Brown Ltd. was leading a consortium to buy the majority stake in MidCon, which owns the Natural Gas Pipeline Company of America (NGPL), in a $7.6 billion transaction. The actual transaction value is $6.6 billion. NGI regrets the error.
Correction
The June 21 article titled “Chesapeake Subsidiary Seeks Permits for First Pipeline in Chesapeake Bay” reported an incorrect figure for the cost of the Eastern Shore Energy Link Expansion segment. Eastern Shore Natural Gas officials say the pipeline will cost $93 million. NGI regrets the error.
ExxonMobil CEO Calls for ‘Concrete Steps’ to Reduce Emissions
What a difference a year makes. In early 2006, Cambridge Energy Research Associates (CERA) featured a session at CERAWeek titled, “Is the Time Finally Right for Renewables?” This year, the buzz is not only about rising costs and profit margins, but about the number of sessions devoted to energy efficiency, climate change and biofuels.
Correction
In an Aug. 14 story titled “Rockies Producers Enjoy Rapid Pipeline Build-Out; 8.4 Bcf/d of Capacity Planned,” it was incorrectly stated that export capacity out of the Rockies would be nearly doubled in the next three years (see NGI, Aug. 14). Walter “Skip” Simmons of Wood Mackenzie told the Colorado Oil and Gas Association’s (COGA) annual Rocky Mountain Natural Gas Strategy Conference and Investment Forum in Denver that export capacity would grow to 12.4 Bcf/d. However, a slide showing current export capacity of 6.6 Bcf/d excluded the San Juan Basin. While export capacity will grow significantly through mainly the Rockies Express pipeline, it is intraregional capacity that will more than double, Simmons said. NGI regrets the error.
Correction
In an Aug. 11 story titled “Rockies Producers Enjoy Rapid Pipeline Build-Out; 8.4 Bcf/d of Capacity Planned,” it was incorrectly stated that export capacity out of the Rockies would be nearly doubled in the next three years (see Daily GPI, Aug. 11). Walter “Skip” Simmons of Wood Mackenzie told the Colorado Oil and Gas Association’s (COGA) annual Rocky Mountain Natural Gas Strategy Conference and Investment Forum in Denver that export capacity would grow to 12.4 Bcf/d. However, a slide showing current export capacity of 6.6 Bcf/d excluded the San Juan Basin. While export capacity will grow significantly through mainly the Rockies Express pipeline, it is intraregional capacity that will more than double, Simmons said. NGI regrets the error.