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Aurora Starts Drilling New Eagle Ford Acreage Early

Aurora Starts Drilling New Eagle Ford Acreage Early

Aurora Oil & Gas Ltd. has begun drilling activities earlier than expected on its recently acquired Eagle Ford Shale acreage, the Australia-based company said Monday.

June 4, 2013

Jordan Cove Seeks FERC Nod to Build West Coast LNG Export Facility

Calgary-based Veresen Inc. announced Wednesday that affiliate Jordan Cove Energy Project LP has filed an application with FERC to construct and operate a liquefied natural gas (LNG) export facility on the West Coast within the international Port of Coos Bay, OR.

May 23, 2013

Industry Brief

Kinder Morgan Energy Partners LP’s Tennessee Gas Pipeline Co. LLC (TGP) has signed a binding, 20-year firm transportation precedent agreement with Mitsubishi Corp. of Japan to ship 600,000 Dth/d of natural gas earmarked for the proposed Cameron LNG liquefaction facility in Hackberry, LA, which is slated to begin liquefied natural gas (LNG) exports in the second half of 2017. Mitsubishi will serve as the foundation shipper for TGP’s Southwest Louisiana Supply Project, which is designed to provide transportation from various supply basins in Ohio, Pennsylvania, Texas and Louisiana to Cameron Interstate Pipeline, which connects directly to the Cameron LNG Terminal. Kinder Morgan does not own Cameron Interstate Pipeline or the Cameron LNG facility. Sempra Energy, Mitsubishi and Mitsui & Co. Ltd. recently signed 20-year tolling capacity and joint venture agreements for the terminal (see Daily GPI, May 17).

May 21, 2013

People

The Senate Environment and Public Works Committee voted out the nomination of Gina McCarthy to head the Environmental Protection Agency (EPA). The nomination cleared the Senate panel by 10-8, with key Republicans voting no, including Sen. David Vitter (R-LA), the ranking member. He said his support for McCarthy’s nomination on the Senate floor would hinge on the nominee’s answers to Republicans’ requests involving greater transparency at the agency. All eight Republicans on the committee had boycotted an earlier vote, preventing the panel from advancing the appointment to the Senate floor. Democrats were unable at the time to establish a quorum despite holding a two-seat advantage on the panel. McCarthy’s nomination is not out of the woods yet. Sen. Roy Blunt (R-MO) still has a hold on McCarthy’s nomination over a dispute involving a water project in his state.

May 20, 2013

Industry Briefs

Hess Corp. has ended a proxy battle with major shareholder Elliott Management Corp. (4.4%) by agreeing to appoint three Elliott-backed nominees to its board of directors. The reconstituted board would comprise 14 members; nine were replaced following the annual meeting Thursday. The activist hedge fund, which had claimed that the company was mismanaged and controlled by Hess family interests, agreed to support five Hess nominees. The board now will be reelected every year instead of every three. Elliott also led the charge to split the chairman and CEO roles, now held by John Hess, the son of the company’s founder, and it has forced the company to sell its downstream arm and monetize Bakken Shale midstream assets.

May 17, 2013

Congress Called on to Promote Infrastructure to ‘Feed’ NGVs

An executive with a Portland, OR-based heavy-duty truck maker told a Senate energy panel Tuesday that he and his competitors could manufacture as many natural gas vehicles (NGV) as needed if only Congress delivered on the refueling infrastructure.

May 15, 2013

People

Former Enron Corp. CEO Jeffrey Skilling, 59, reached agreement with the U.S. Department of Justice that could allow him to be free as soon as 2017, according to a court filing. Skilling agreed to waive his rights to any further appeals and would allow more than $40 million of forfeited assets to be distributed to victims of Enron’s colossal collapse in 2001. Skilling was convicted in 2006 by a Houston jury on 19 criminal counts and originally was sentenced to federal prison for 24 years and four months (see NGI, May 29, 2006). The U.S. Court of Appeals for the Fifth Circuit in New Orleans twice said the sentence had been miscalculated (see NGI, April 11, 2011). “Although the recommended sentence for Jeff would still be more than double any other Enron defendant, all of whom have long been out of prison, Jeff will at least have the chance to get back a meaningful part of his life,” said Skilling attorney Daniel M. Petrocelli.

May 13, 2013

SRBC Limits Scope of Multi-Year Study to Water Quantity

Officials with the Susquehanna River Basin Commission (SRBC) announced Wednesday that the agency had started a multi-year effort to study water quantity, but rebuffed calls for it to be expanded to a comprehensive environmental study that could include the impacts of hydraulic fracturing (fracking) in the basin.

May 10, 2013

Block on Moniz Nomination ‘Old-Fashioned Pork-Barrel Politics’

Edwin Lyman, a senior scientist with the Union of Concerned Scientists (UCS), Wednesday blasted South Carolina’s two Republican senators for blocking and objecting to the Senate confirmation of Ernest J. Moniz as secretary of the Department of Energy (DOE) to protect a nuclear fuel facility in their home state.

May 9, 2013

People

Former Enron Corp. CEO Jeffrey Skilling, 59, has reached agreement with the U.S. Department of Justice that could allow him to be free as soon as 2017, according to a court filing. Under the agreement, Skilling is waiving his rights to any further appeals and would allow more than $40 million of his forfeited assets to be distributed to victims of Enron’s colossal collapse in 2001. Skilling was convicted in 2006 by a Houston jury on 19 criminal counts and originally was sentenced to federal prison for 24 years and four months (see NGI, May 29, 2006). The U.S. Court of Appeals for the Fifth Circuit in New Orleans twice said the sentence had been miscalculated by the district court (see NGI, April 11, 2011). “The proposed agreement brings certainty and finality to a long painful process,” said Skilling lawyer Daniel M. Petrocelli. “Although the recommended sentence for Jeff would still be more than double any other Enron defendant, all of whom have long been out of prison, Jeff will at least have the chance to get back a meaningful part of his life.”

May 9, 2013