Victory

In a significant victory for federal prosecutors who are pursuing other high-profile fraud cases post-Enron, a Houston jury late Thursday convicted former Dynegy Inc. executive Jamie Olis, 37, on six counts of fraud.

The oil and natural gas industry clinched a crucial victory last Tuesday when the Senate by a wide margin passed legislation that paves the way for future leasing in the eastern Gulf of Mexico. However, the legislative battle is far from over. The Senate and House are now tasked with the responsibility of reconciling two vastly different offshore leasing bills — a feat some believe will test the mettle of even the best Capitol Hill negotiators.

The oil and natural gas industry clinched a crucial victory Tuesday when the Senate by a wide margin passed legislation that paves the way for future leasing in the eastern Gulf of Mexico. However, the legislative battle is far from over. The Senate and House are now tasked with the responsibility of reconciling two vastly different offshore leasing bills — a feat some believe will test the mettle of even the best Capitol Hill negotiators.

Republicans scored a key procedural victory Wednesday when the Senate overwhelmingly voted to move ahead with debate on legislation to open up millions of acres in the eastern Gulf of Mexico to oil and natural gas leasing.

In a major victory for the oil and natural gas industry, the House last Thursday approved by a wide margin comprehensive legislation that would open historically closed portions of the federal Outer Continental Shelf (OCS) to energy leasing and would pave the way for greater sharing of offshore royalties with states.

In a major victory for the oil and natural gas industry, the House Thursday approved by a wide margin comprehensive legislation that would open historically closed portions of the federal Outer Continental Shelf (OCS) to energy leasing and would pave the way for greater sharing of offshore royalties with states.

In a significant victory for the energy industry Wednesday, the House Appropriations Committee approved by a wide margin an amendment to repeal the 25-year congressional moratorium to allow for expanded natural gas exploration and production off the Atlantic and Pacific coasts, as well as in the eastern Gulf of Mexico..

Calling it a “major victory,” California Attorney General Bill Lockyer Tuesday lauded a decision by the U.S. Ninth Circuit Court of Appeals that revives the attorney general’s claim for restitution of up to $5 billion from PG&E Corp., the holding company for Pacific Gas and Electric Co., which emerged in April 2004 from three years of Chapter 11 bankruptcy court proceedings.

Despite a recent industry victory by another company in Wyoming’s rich oil and natural gas region, the Wyoming Oil and Gas Conservation Commission (WOGCC) last week denied Ultra Petroleum Corp.’s application for increased density drilling in the Pinedale Field.