Cash market prices overall fell 4 cents Thursday with the greatest weakness demonstrated by northeast and eastern points. To avoid unnecessary volatility, traders typically make their deals prior to the Energy Information Administration’s (EIA) release of inventory data, and in Thursday’s trading, cash and futures markets moved in opposite directions. In the West, Colorado industry groups reported that raging wildfires in the state were not impacting oil and gas.
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‘Stop Work’ Rule Designed to Prevent Rig Accidents
The Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) has issued a final rule that is aimed at enhancing the safety of oil and gas rig workers on the federal Outer Continental Shelf (OCS).
EPA, BLM Extend Comment Deadlines on Proposed Frack Rules
The Environmental Protection Agency (EPA) has extended by 45 days the comment period for its proposed guidance to oil and natural gas producers on using diesel fuel in hydraulic fracturing (fracking) “in response to requests from several stakeholders.” The Bureau of Land Management (BLM) on Wednesday also extended the comment period for its proposed fracking rule, setting the new date of Sept. 10.
Industrials Ask Salazar to Reconsider BLM Regulation of Fracking
A group of industrial energy consumers have urged Interior Secretary Ken Salazar not to impose “duplicative” regulations on hydraulic fracturing (fracking) of oil and natural gas wells on public lands.
California County Backs Off Fracking Ban
California’s Santa Barbara County Board of Supervisors decided Tuesday night to hold off on a ban of hydraulic fracturing (fracking) and instead add well permitting requirements to require individual approvals by the county’s planning and development department.
Duke Researchers Returning to Pennsylvania Water Wells
Researchers from Duke University plan to return to Pennsylvania next week to conduct additional testing of residential water wells in the northeastern part of the state, including wells that are not currently near any Marcellus Shale natural gas drilling.
PA DEP Execs Blast Duke Study, NY Times Article on Fracking
Biased. Irresponsible. Unfathomable. And just plain wrong.
AGA Urges FERC Not to Adopt Hinshaw Capacity-Release Program
Additional regulatory requirements on Hinshaw pipelines, particularly a capacity release program, are unnecessary given the limited nature of the jurisdictional transactions in which they engage, the American Gas Association (AGA) told FERC.
AGA Urges FERC Not to Adopt Hinshaw Capacity-Release Program
Additional regulatory requirements on Hinshaw pipelines, particularly a capacity release program, are unnecessary given the limited nature of the jurisdictional transactions in which they engage, the American Gas Association (AGA) told FERC.
Continental Resources Tells Regulators: Cut Oklahoma Gas Output Levels
The CEO of Continental Resources Inc. last week said he’s gotten “a lot of support” from fellow producers since his company asked Oklahoma regulators to reduce natural gas output levels. “Nobody wants to waste a valuable resource,” Harold Hamm told NGI.