The California Public Utilities Commission (CPUC) took two actions Thursday related to private-sector utility ratepayer surcharges that can add up to hundreds of millions of dollars. One action most directly affects natural gas utility charges and the other electricity rates.
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Kodiak Shares Plummet Briefly Over Possible Liquidity Fears
Shares of Kodiak Oil & Gas Corp. took a nosedive on Tuesday, allegedly over concerns that the Denver-based independent energy company may be facing liquidity concerns.
New Mexico Producers Seek Change in ‘Pit Rule’
To the consternation of some environmental activists, the New Mexico Oil and Gas Association at the end of September took two steps aimed at revising a regulation established in 2008 for the handling of waste produced at drilling and production sites. The association alleges that the “pit rule” drives up costs and chases drilling rigs to other states.
Tropical Disturbance Forces Gulf of Mexico Shut-Ins, Evacuations
A total of 11 named storms, including two hurricanes, have formed in the Atlantic Basin this year, but it took an unnamed trough of low pressure in the central Gulf of Mexico (GOM) to force the first weather-related shut-ins and evacuations of energy interests offshore.
Pennsylvania Committee Changes Marcellus Well Impact Fee
Hoping to more accurately address the cost of development on local communities, a Pennsylvania Senate committee made major changes to a proposed impact fee on Marcellus Shale wells on Tuesday.
July Gains as Funds, Black Box Traders Fall Into Bullish Camp
July natural gas took another small step higher Wednesday as traders adjust to strong interest by algorithmic and fund players and expectations of much-below-normal inventory increases in a government inventory report Thursday.
Taxpayer Advocate Calls Marcellus Fee a ‘Tax’
The debate over generating revenue from the natural gas industry in Pennsylvania took a linguistic turn last week when a national tax opponent said that an impact fee working through the General Assembly is actually a tax.
Devon Discloses Leasehold in Tuscaloosa Shale
Devon Energy Corp., which took the prospective Barnett Shale and turned it into one for the ages, disclosed Wednesday that it has leased 250,000 net acres in the emerging Tuscaloosa Marine Shale of southwestern Mississippi/central Louisiana for a cost of around $180/acre.
Encana Nabs Duvernay Shale Acreage, Looks for More JVs
Encana Corp.’s latest quarterly profits took it on the chin because of low natural gas prices, but the Calgary producer is responding with a realignment by transferring proven gas shale technology to liquids plays, advertising for partners to share costs in gassy northeast British Columbia (BC), and quietly acquiring an oily leasehold in Alberta’s Duvernay Shale.
‘Meaningful’ Well Backlog in Haynesville, Say Analysts
Because an “all-time high level” of uncompleted natural wells in the Haynesville Shale await a tie-in to pipelines, don’t expect an immediate drop-off in incremental supply as the rig count drops, analysts with Raymond James & Associates Inc. said in a note Monday.