An appeals court in Ohio upheld a local court’s ruling that an operator is not required to fully develop leased property, and disagreed with a landowner’s demand that the undeveloped portion be surrendered and subsequently leased to other oil and gas companies.
Unaware
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UGI ‘Unaware of Warning Signs’ Before Allentown Blast
UGI Utilities Inc. was “unaware of any warning signs” prior to the deadly blast on its distribution system in Allentown, PA, in February 2011, the utility told the Pennsylvania Public Utility Commission (PUC).
UGI ‘Unaware of Warning Signs’ Prior to Allentown Pipe Blast
UGI Utilities Inc. was “unaware of any warning signs” prior to the deadly blast on its distribution system in Allentown, PA, in February 2011, the utility told the Pennsylvania Public Utility Commission (PUC).
Landowners Fret Over Proposed Military Base in Eagle Ford
Landowners in the Eagle Ford shale play are worried that plans by the Texas Army National Guard to build a new training center will keep them from their mineral rights.
June Cash Prices Mixed in Calm Before the Storm
Unaware of the impending Nymex rally that would begin in earnest at about 12:30 p.m. EDT, the natural gas cash market was mixed to slightly higher Wednesday as traders watched spreads closely for opportunities to eke out a penny or two. A majority of the day’s changes were of less than a dime, which translates into daily price deltas of less than 2% when you consider that absolute price levels are universally above $5.00.
Enron Controversy Grows Personal; Venue Change Reviewed
Former Enron Corp. CEO Jeffrey Skilling has claimed in recent interviews that he was unaware of the details of off-balance sheet transactions that pushed the company toward bankruptcy in December, but The Wall Street Journal reported Wednesday that internal company documents indicate management and the board of directors considered the dubious deals “integral” to Enron’s growth. In recent days, Skilling has denied intimate knowledge of the transactions, while former CFO Andrew Fastow, who set them up, has indicated through attorneys that he did so with Enron management’s full knowledge.