Victory

U.S. onshore operators Lucas Energy Inc. and Victory Energy Corp. have canceled their merger plans, and the two sides are working toward finalizing terms for a mutual settlement and release agreement.

One month after announcing their intention to merge, Houston-based Lucas Energy Inc. said it has entered into separate collaboration and funding agreements with Austin, TX-based Victory Energy Corp.

The U.S. District Court for the District of Columbia last week handed the energy industry a major victory by vacating and remanding an order that would require publicly traded producers to report to the Securities and Exchange Commission (SEC) how much they pay foreign governments for the commercial development of oil, natural gas and minerals.

The U.S. District Court for the District of Columbia Tuesday handed the energy industry a major victory by vacating and remanding an order that would require publicly traded producers to report to the Securities and Exchange Commission (SEC) how much they pay foreign governments for the commercial development of oil, natural gas and minerals.

An epic Canadian environmental contest has ended in victory for a prized patch of wild Alberta plains and a loss for a natural gas producer. A 1,275 well, shallow gas drilling program, proposed by Cenovus Energy, will not be allowed, Canada Environment Minister Peter Kent announced Friday.

An epic Canadian environmental contest has ended in victory for a prized patch of wild Alberta plains and a loss for a natural gas producer. A 1,275-well, shallow-gas drilling program, proposed by Cenovus Energy, will not be allowed, federal Environment Minister Peter Kent announced Friday.

In a major victory for market speculators, a federal court in Washington, DC, late Friday tossed out the Commodity Futures Trading Commission’s controversial final rule aimed at limiting speculative trading in the swaps market.

In a major victory for market speculators, a federal court in Washington, DC, Friday tossed out the Commodity Futures Trading Commission’s controversial final rule aimed at limiting speculative trading in the swaps market.

In a major victory for pipelines, a federal court in western Oklahoma has denied a request by the Sierra Club and two other organizations to enjoin the construction of the Cushing, OK-to-Port Arthur, TX, portion of the Keystone Pipeline, which was slated to begin on Aug. 6. It further rejected an attack on the legality of a water-crossing permit needed in pipeline construction.