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West Virginia DEP to Submit Horizontal Drilling Rule to Lawmakers

Regulators with the West Virginia Department of Environmental Protection (DEP) plan to file a legislative rule governing horizontal natural gas drilling that they hope may be adopted by state lawmakers next year.

June 25, 2012

Power Sector Shift to Natural Gas Said to Be Gradual

The electric power generation sector’s turn away from coal and toward natural gas is likely to be a gradual one over the next decade, according to a report from Moody’s Investors Service.

June 18, 2012

Power Sector Shift to Natural Gas Will Be Gradual, Analyst Says

The electric power generation sector’s turn away from coal and toward natural gas is likely to be a gradual one over the next decade, according to a report from Moody’s Investors Service.

June 12, 2012

Second Oregon LNG Export Project Emerges

Bogged down for more than two years at FERC on a liquefied natural gas (LNG) import application, the backers of Oregon LNG instead plan to turn their site at the mouth of the Columbia River into a bidirectional facility that would export Western Canadian gas supplies to lucrative Asian markets. All thee major federal filings are to be made within weeks, Project Manager Peter Hansen told NGI.

April 30, 2012

Obama Seeks More CFTC Funding to Crack Down on Manipulation

In an attempt to turn the tables on Republicans, who have been relentless in their attacks on the administration’s energy policies, President Obama Tuesday called on Congress to provide funding for his five-part plan to combat manipulation, fraud and excessive speculation in the energy markets, particularly the oil market. While the oil market is the primary target of the president’s plan, the administration effort does have implications for natural gas traders and contracts.

April 18, 2012

House Panel Subpoenas Interior’s Deepwater Moratorium Documents

House Natural Resources Committee Chairman Doc Hastings (R-WA) wants the Interior Department’s Office of Inspector General (OIG) to turn over 13 documents related to the imposition of the May 2010 moratorium on deepwater drilling in the Gulf of Mexico (GOM), contending that Interior has blocked the acting OIG from releasing documents to the committee.

April 16, 2012

House Panel Subpoenas Moratorium Documents from Interior OIG

House Natural Resources Committee Chairman Doc Hastings (R-WA) has subpoenaed the Interior Department’s Office of Inspector General (OIG) to turn over 13 documents related to the imposition of the May 2010 moratorium on deepwater drilling in the Gulf of Mexico (GOM). He contends Interior has blocked the acting OIG from releasing documents to the committee.

April 16, 2012

How Low Can Gas Prices Go? MDU Exec Thinks Lower

Natural gas prices may well go lower before they turn around, the head of MDU Resources Group Inc.’s exploration and production (E&P) business, Kent Wells, told a financial analysts’ conference in New York City on Thursday.

March 19, 2012

How Low Can Gas Prices Go? MDU Exec Thinks Lower

Natural gas prices may well go lower before they turn around, the head of MDU Resources Group Inc.’s exploration and production (E&P) business, Kent Wells, told a financial analysts’ conference in New York City on Thursday.

March 19, 2012

Dominion Says Interest in Cove Point LNG Exports

Dominion Resources Inc. said last week interest is growing in the company’s proposal to turn the Cove Point liquefied natural gas (LNG) import terminal in Lusby, MD, into an export terminal (see NGI, Oct. 17, 2011).

February 6, 2012