Told

The early days of the Utica Shale are proving to be far more competitive than the early days of its cousin, the Marcellus Shale, the head of a major midstream player told NGI’s Shale Daily.

The head of the Bureau of Land Management (BLM) told a Senate subcommittee Wednesday that the agency has not made a final decision on whether to hike the onshore royalty rate to 18.75% from its existing 12.50%.

The expanding U.S. supply of natural gas is providing a win-win for chemicals producers, their suppliers and customers. It’s “an unbelievable opportunity,” Jim Teague, COO of Enterprise Products Partners, told an industry audience in Houston.

Chesapeake Energy Corp. defended itself against a story in an upcoming issue of Rolling Stone magazine that the producer is claiming contains several inaccuracies.

BP plc is discussing a $14 billion accord with plaintiffs who sued the company and its partners over the Macondo well explosion, sources told NGI on Monday.

London-based BP plc reached a operational “turning point” in October and has begun to invest for the long term, CEO Bob Dudley told investors last week.

BP plc reached a “turning point” in its operations in October and has begun to invest for the long term, CEO Bob Dudley told investors on Tuesday.

Executives at drilling and pressure pumping contractor Patterson-UTI Energy Inc. have experienced a seasonal slowdown in the northeastern U.S. energy patch, they told financial analysts during an earnings conference call.

Pacific Gas and Electric Co. (PG&E) told California regulators in a report last week that some of its natural gas pipeline segments had been operating at pressures above those authorized for their locations and it is taking steps to correct the situation.