Withdrawing

Despite earlier promulgations that hydraulic fracturing (fracking) can be performed safely, North Carolina Gov. Bev Perdue on Sunday vetoed a bill that would have legalized the practice and begun the process for its regulation.

Interior Secretary Ken Salazar said he is not withdrawing oil and natural gas leases that were issued for western Colorado’s Roan Plateau by the Bush administration even though the management plan to drill on the plateau is being challenged in court.

Interior Secretary Ken Salazar said he is not withdrawing oil and natural gas leases that were issued for western Colorado’s Roan Plateau by the Bush administration even though the management plan to drill on the plateau is being challenged in court.

Dallas-based exploration and production (E&P) company EXCO Resources Inc. is withdrawing its proposed offer of units in a master limited partnership (MLP) to own a “substantial” portion of mature producing oil and natural gas properties in the Appalachian, East Texas, North Louisiana, Midcontinent and Permian Basin areas.

Dallas-based exploration and production (E&P) company EXCO Resources Inc. is withdrawing its proposed offer of units in a master limited partnership (MLP) to own a “substantial” portion of mature producing oil and natural gas properties in the Appalachian, East Texas, North Louisiana, Midcontinent and Permian Basin areas, the company said Thursday.

Unocal Corp. would consider withdrawing its support of Chevron Corp.’s $16.5 billion bid to purchase the company if the Chinese Offshore Oil Corp. (CNOOC) met several conditions, including requests for divestments and other demands from U.S. regulators, several reports said Thursday.

The City of Burbank, CA, on Thursday told FERC that it is withdrawing complaints the city filed against Calpine Energy Services LP and El Paso Merchant Energy L.P. last summer challenging several long-term, forward bilateral contracts it had entered into with the power suppliers.

Iroquois Gas Transmission System LP has notified FERC that it is withdrawing its application to build its eastern Long Island (ELI) extension due to “lack of continued customer support for this project,” which would have provided approximately 175,000 Dth/d of new firm transportation service to the expanding natural gas market through a new line under Long Island Sound from Connecticut.

Iroquois Gas Transmission System LP has notified FERC that it is withdrawing its application to build its eastern Long Island (ELI) extension due to “lack of continued customer support for this project,” which would have provided approximately 175,000 Dth/d of new firm transportation service to the expanding natural gas market through a new line under Long Island Sound from Connecticut.