Regulatory

FERC Approves U.S.-Mexican Border Connection

FERC has approved NET Mexico Pipeline Partners LLC’s request to build border-crossing facilities to export natural gas from the United States to meet growing demand in the power generation market in northern Mexico.

November 11, 2013

Royalty Revenue Sharing Plan Could Cost U.S. Taxpayers $49B

A proposal before congress aimed at capturing a greater share of the revenues from offshore oil and natural gas drilling for the coastal states could increase the federal debt by more than $49 billion by 2040 while penalizing coastal states that oppose expanded offshore drilling, according to areport by the Center for American Progress (CAP).

November 8, 2013

U.S. E&Ps Disclosing Some Risks, More Urged

U.S. exploration and production (E&P) operators have begun to disclose some of the risks involved with their development efforts, but overall, they continue to do a poor job of communicating how they manage toxic chemicals, water, waste, air emissions and community impacts, according to shareholder advocates.

November 8, 2013

PG&E Errs with Regulators, But Not on Safety, Execs Say

Pacific Gas and Electric Co. (PG&E) senior executives admitted Wednesday that the utility has dropped the ball in keeping state regulators informed of its efforts to upgrade the safety of its natural gas pipeline network. But they argued that at no time has the system’s safety been compromised.

November 7, 2013

Obama Taps Environmental Lawyer for Interior Post

President Obama Wednesday announced his intent to nominate a prominent Washington, DC, attorney with extensive experience in environmental law to a high-level position in the Department of Interior.

November 7, 2013

PG&E Faces Another $8.1M Fine for Inept Pipe Testing

In what has become a public relations — and financial — concern, California regulatory staff on Tuesday slapped Pacific Gas and Electric Co. with an $8.1 million citation for allegedly failing to meet federal requirements in inspecting part of its natural gas transmission pipeline system earlier this year.

November 6, 2013

Utah Judge Rejects Bush-Era BLM Public Lands Plan

A district court judge in Utah Monday overturned a Bush-era resource management plan (RMP) that opened more than 4,200 miles of dirt roads and trails in part of the state to off-road vehicles.

November 6, 2013

Wyoming Lawmakers to Study Taking Back Federal Lands

An interim state legislative task force in Wyoming has directed staff to compile a report for two committees assessing the prospects for the state attempting to take back federally managed public lands, possibly following a tack Utah took last year. Any federal-to-state transfer of land control would be applauded by the oil and natural gas industry as drilling permits historically have taken exponentially longer to receive from the federal government.

November 5, 2013

Armed with New Position Limit Proposal, Chilton Announces Plans to Depart CFTC

Commodity Futures Trading Commissioner (CFTC) Bart Chilton, a major proponent of speculative position limits, announced that Tuesday’s meeting will be his last at the agency.

November 5, 2013

CFTC Takes Aim at Commodity Speculators, Proposes New Position Limits Rule

Just days after withdrawing its appeal of a federal court decision that tossed a controversial final rule aimed at limiting speculative trading in the swaps markets, the Commodity Futures Trading Commission (CFTC) on Tuesday voted to propose new rules in place of the discarded position limits rule.

November 5, 2013