Following an unsuccessful open season, Kinder Morgan Energy Partners LP (KMP) has shelved plans for the Freedom Pipeline, which would have carried Permian Basin crude oil from Texas to California refineries.
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PA DEP Chief Krancer Quits; Interim Replacement Criticized
Pennsylvania Gov. Tom Corbett announced Friday that Michael Krancer, secretary of the state Department of Environmental Protection (DEP), will step down on April 15 and return to practice law in Philadelphia. But the decision to replace him on an interim basis with the governor’s deputy chief of staff is being derided by Krancer’s predecessor, John Hanger.
Pennsylvania Opens Game Reserve to Oil, Gas Leasing
The Pennsylvania Game Commission (PGC) is opening about one-sixth of a game reserve in Bradford County, in the heart of the Marcellus Shale, to oil and natural gas leasing.
Failure to Find JV Partner Sends Corridor Stock Plummeting
Shares of Corridor Resources Inc. took a pounding on Wednesday after the company announced it has so far been unsuccessful in finding a joint venture (JV) partner to help develop its prospect in the emerging Frederick Brook Shale.
Bearish EIA Data, Weak Markets Tug Futures Lower
September natural gas futures fell hard Thursday following the release of bearish inventory figures and unsuccessful attempts to fend off aggressive selling in equity and oil markets. At the close September natural gas had fallen 14.9 cents to $3.941 and October had dropped 14.7 cents to $3.955. September crude oil imploded by $5.30 to settle at $86.63/bbl.
City’s Attempt to Seize Sempra LNG Terminal Thwarted in Mexico
San Diego-based Sempra Energy has drawn increasing governmental and business support in Mexico in the wake of an unsuccessful attempt by the mayor of Ensenada, North Baja California, to seize the U.S. energy holding company’s Energia Costa Azul liquefied natural gas (LNG) receiving terminal. Operations at the facility have continued without interruption.
Republican-Led House Likely to Block Oil & Gas Taxes
Republican control of the U.S. House of Representatives in the incoming 112th Congress means the Obama administration likely will be unsuccessful in attempting again to prop up the budget with new taxes on the oil and gas industry.
House Panel Shifts Focus of Hydrofracing Inquiry to Producers
Having been apparently unsuccessful in their quest to obtain information on hydraulic fracturing (hydrofracing) from well service companies, the House Energy and Commerce Committee officials now are looking to producers to provide data on the potential impacts of the well stimulation technique on human health and the environment.
House Panel Shifts Focus of Hydrofracing Inquiry to Producers
Having been apparently unsuccessful in their quest to obtain information on hydraulic fracturing (hydrofracing) from well service companies, the House Energy and Commerce Committee officials now are looking to producers to provide data on the potential impacts of the well stimulation technique on human health and the environment.
NGI The Weekly Gas Market Report
Virginia State Lawmaker Returns with Broad Energy Bill
After causing quite a stir in 2005 with his unsuccessful attempt to open up the Virginia coastline to natural gas drilling, state Sen. Frank Wagner (R-VA) introduced energy legislation in the opening days of the General Assembly last week that is more comprehensive in scope than his energy measure that was debated by state lawmakers last year.