Until

Clarification

NGI’s Shale Daily reported that lawmakers in Pennsylvania had passed a bill that the state chapter of the National Association of Royalty Owners (NARO) opposes because it would allow forced pooling, and that it was unclear if Gov. Tom Corbett, a foe of forced pooling, would sign it (see Shale Daily, July 5). Patrick Henderson, Corbett’s energy adviser, told NGI’s Shale Daily the administration still opposes forced pooling, but doesn’t believe SB 259 would allow the practice. “Nothing in SB 259 requires someone to lease their land; changes the terms of a lease; or reduces the royalties paid to landowners,” Henderson said. “SB 259 is not forced pooling and has no relation to forced pooling.” The governor, he said, has until Wednesday (July 10) to decide whether to sign the bill.

July 8, 2013

EOG’s Papa Sees Bakken Growth Rate Slowing, Eagle Ford Surging Ahead

Shares of EOG Resources Inc. rose sharply on Tuesday after the company reported a nearly 53% increase in net income for the first quarter of 2013, gains due in large part to hefty growth in crude oil production from the Eagle Ford Shale.

May 8, 2013

Fracking Comment Deadline Extended

The Environmental Protection Agency (EPA) has extended the deadline from April 30 until Nov. 15 for the public to submit data and scientific literature as part of the agency’s study of the potential impacts of hydraulic fracturing (fracking) on drinking water sources.

May 6, 2013

EPA Extends Deadline for Comments on Fracking

The Environmental Protection Agency (EPA) has extended the deadline from April 30 until Nov. 15 for the public to submit data and scientific literature as part of the agency’s study of the potential impacts of hydraulic fracturing (fracking) on drinking water sources.

May 3, 2013
Three California Drilling Bills Advance

Three California Drilling Bills Advance

Three bills that if enacted would place a moratorium on using hydraulic fracturing (fracking) in drilling operations, as well as review oil and gas drilling practices, have advanced in the California legislature along partisan lines in a body dominated by Democrats.

May 3, 2013
IMS Research Sees Shale Gas Driving Smart Grid Renewal

IMS Research Sees Shale Gas Driving Smart Grid Renewal

The continuing shale gas boom is having a “massive impact” on the U.S. energy market, particularly a revival for various smart grid developments, according to a report released by IMS Research, a unit of the global research/consulting firm IHS.

April 24, 2013
California Report: ‘Scientific Uncertainty’ on Fracking’s Water Impact

California Report: ‘Scientific Uncertainty’ on Fracking’s Water Impact

There is still too much “scientific uncertainty” surrounding hydraulic fracturing’s (fracking) impact on water supply, and because of this regulators and operators need to be more transparent and accountable, according to a University of California, Berkeley, report that was released last Thursday.

April 16, 2013

People

The U.S. Department of Justice (DOJ) has notified victims of Enron Corp.’s fraud and 2001 bankruptcy that they have until April 17 to object to a possible resentencing agreement with imprisoned former CEO Jeffrey Skilling. Skilling, 59, has served more than six years of a 24-year prison term after he was convicted by a Houston jury in U.S. District Court for the Southern District of Texas in May 2006 on 19 criminal counts for securities fraud, conspiracy, making false statements to auditors and insider trading (see NGI, May 29, 2006). The U.S. Court of Appeals for the Fifth Circuit in New Orleans reaffirmed the conviction in 2011, finding that the federal government’s evidence of conspiracy was “overwhelming,” but it reiterated, as it had in 2009, that the sentence had been miscalculated by the district court (see NGI, April 11, 2011). The resentencing issue was remanded to the lower court (U.S. v. Skilling, U.S. District Court, Southern District of Texas, No. 04-cr-00025).

April 8, 2013

North Dakota Officials Continue Focus on Flaring

With just minuscule movement downward in the amount of associated natural gas being flared, North Dakota’s top oil and gas official in his latest monthly report said that the state and industry are stuck at about a 28.5-29% level of flared associated gas.

March 20, 2013

Environmentalists Ask Obama for LNG Export ‘Timeout’

The Obama administration should “take a timeout” on natural gas exports until economic, environmental and trade concerns “are thoroughly analyzed and carefully addressed,” said a coalition of environmental groups.

March 14, 2013
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