Undertake

ATP Oil & Gas Corp. on Friday said it has filed a voluntary Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the Southern District of Texas “to undertake a comprehensive financial restructuring.”

A coalition of organizations on Thursday delivered a letter to the New York Department of Environmental Conservation Commission (DECC), calling on the agency to undertake an environmental review of “any” applications for shale gas exploration using liquefied petroleum gas (LPG) in hydraulic fracturing (fracking) stimulation processes — the precise process to be used to develop an unconventional leasehold in Tioga County.

NGPL advised shippers of a potential OFO “for oversupply or undertake activities across its entire system due to the lack of significant market load.” Shippers can mitigate the need for an OFO by ensuring that imbalances are not in a long position and that point operators are flowing as nominated the pipeline added. It said that if it is determined that the OFO is required, “any gas left on the pipeline is at risk of OFO penalties.” See the bulletin board for details.

Anticipating a lot of alternative fuel vehicles in the coming years, particularly electric vehicles (EV), California regulators decided Thursday to undertake a statewide investigation of the potential impact on the state’s major energy utilities and the electric and natural gas infrastructures. The California Public Utilities Commission (CPUC) will examine what tradeoffs may need be made to ensure energy infrastructure reliability and meeting climate change goals.

The National Association of Regulatory Utility Commissioners (NARUC) plans to undertake a study next year of the social and economic costs of maintaining restrictions on access to onshore and offshore federal lands for oil and natural gas development.

The National Association of Regulatory Utility Commissioners (NARUC) plans to undertake a study next year of the social and economic costs of maintaining restrictions on access to onshore and offshore federal lands for oil and natural gas development.

The Government Accountability Office (GAO) last week was asked by the chairman of the Senate Energy and Natural Resources Committee to undertake a “thorough review” of the royalty-in-kind (RIK) program overseen by the Interior Department’s Minerals Management Service (MMS). The Department of Justice launched a criminal investigation of the RIK program last month (see NGI, Jan. 8).

The chairman of the Senate Energy and Natural Resources Committee on Thursday asked the Government Accountability Office (GAO) to undertake a “thorough review” of the royalty-in-kind (RIK) program overseen by the Interior Department’s Minerals Management Service (MMS). The Department of Justice launched a criminal investigation of the RIK program last month (see Daily GPI, Jan. 3).

As major oil and natural gas producers report staggering first-quarter profits, the Senate Finance Committee said it will undertake an investigation into the taxes paid by large energy companies and has asked the Internal Revenue Office (IRS) to provide corporate tax returns.