Undercut

DRBC New York Lawsuit Dismissed, But Environmental Assessment A Question

DRBC New York Lawsuit Dismissed, But Environmental Assessment A Question

A lawsuit that sought an extensive environmental review of hydraulic fracturing (fracking) in the Delaware River Basin by the State of New York and a coalition of environmental groups has been dismissed by a federal judge. However, the ruling left open to question whether an environmental assessment of the basin may be required in the future.

September 26, 2012

Air Pollution Rules for Fracking Delayed; ‘EPA Has Egg on Its Face’

Capping off a string of regulatory actions that have been favorable to the oil and natural gas industry — and somewhat embarrassing to the Environmental Protection Agency (EPA) — the regulator has said it will delay the release of final air pollution standards for hydraulic fracturing (fracking) for two weeks.

April 4, 2012

Amaranth’s Losses Could Exceed $6B; More Hedge Funds to Follow?

Recent sharp gas futures declines have undercut a second hedge fund in as many months. Greenwich, CT-based Amaranth Advisors LLC revealed last week that bad bets in natural gas futures have cost the company about 65% of its $9.5 billion asset value. Even more troubling is that other funds could follow, according to industry sources.

September 25, 2006

Amaranth Hedge Fund Reportedly Records More than $2.5B Loss

It appears that the recent volatility in natural gas markets has undercut its second hedge fund in as many months as reports on Greenwich, CT-based Amaranth Advisors LLC, which has $7.5 billion in assets under management, said year-to-date losses might exceed 35% (more than $2.625 billion) due to last week’s plunge in natural gas prices.

September 19, 2006

ALJ: Transco, Williams Field Manipulated Gathering Rates, Undercut FERC Regs

Williams’ affiliates Transcontinental Gas Pipe Line and Williams Field Services (WFS) manipulated the cost of gathering services by wielding their “collective market power” over the interstate gas transportation path through the spun-down North Padre Island (NPI) facilities and Transco’s IT-feeder system, according to an initial decision issued by Administrative Law Judge Lawrence Brenner.

June 10, 2002