Pennsylvania Gov. Tom Corbett signed 29 bills into law on Tuesday, including SB 259, which the state’s chapter of the National Association of Royalty Owners (NARO) has derided as “a kissing cousin to forced pooling.”
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Encana to Get Oily in 2012
Encana Corp., one of the biggest natural gas producers in North America, is taking a walk on the oily side in 2012, redirecting a substantial portion of its 2012 budget to more profitable liquids-rich plays, CEO Randy Eresman said on Thursday.
After 18 Months, Exelon and PSEG Still at the Altar
Exelon Corp. and Public Service Enterprise Group Inc. said Monday that even though either could walk away without penalty from their proposed merger beginning Tuesday, June 20, they will both stick it out and work to get the regulatory approvals needed to complete the deal.
Indian Summer Knocks Futures Below $5
Yesterday was not a good time to walk away from your futurespositions to enjoy the Indian Summer weather. Just one week ago,near-month futures hit a record high at $5.78, but by the close ofregular trading yesterday, the November contract had settled belowthe psychologically important level of $5 for the first time sinceSept. 8.