Despite Tuesday’s threat of a presidential veto, the U.S. Senate Committee on Energy and Natural Resources passed a bill to approve construction of the controversial Keystone XL oil pipeline on Thursday.
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SM Energy Gas-Heavy Assets in Midcontinent
SM Energy Co. is selling natural gas-heavy assets in the Arkoma Basin of Oklahoma and in the Arklatex area of East Texas and northern Louisiana — its remaining Midcontinent holdings — in order to focus on its Eagle Ford and Bakken/Three Forks development areas, the company said Tuesday.
Denton, TX, Still Mulling Drilling Rule Revisions
The city council of Barnett Shale town Denton, TX, on Tuesday continued to hear comments on proposed revisions to the city’s gas drilling ordinance that are intended to address quality of life issues (see Shale Daily,Dec. 15).
Pennsylvania Study Finds No Link Between Marcellus Development and Health Care Demand
The second part of an extensive study conducted by a bipartisan agency of the Pennsylvania General Assembly shows no clear link between Marcellus Shale development and increased demand for health care services in areas most affected by the boom.
Environmental Groups Sue EPA Over Frack Chem Disclosure
A coalition of nine environmental groups on Wednesday filed a lawsuit against the U.S. Environmental Protection Agency (EPA), after the agency didn’t respond to a 2012 request that the oil and gas industry be forced to disclose what chemicals are used in hydraulic fracturing (fracking) operations.
Utah Considering Lawsuit in Attempt to Reclaim Federal Lands
Utah is gearing up for a potential legal battle with the federal government over its demand that more than 30 million U.S.-owned acres be transferred to its control, as legislators consider a lawsuit that would argue the state is better suited to manage public lands.
Permian Pure-Play Concho Cuts 2015 Spending by One-Third
Midland, TX-based Concho Resources Inc. (CXO) cut its 2015 capital spending plans to $2 billion from $3 billion due to low commodity prices and projected 16-20% year-over-year production growth. Analysts following the company gave the news a thumbs-up and praised the Permian Basin producer for its “capital discipline.”
Veresen Places Christmas Bet on BC’s Shale Future
After nearly two decades of mastering turbulent markets for natural gas and liquid byproducts, a Calgary fixture of energy services is making a fresh start in the New Year on taking a leading role in the next generation of Canadian supplies.
Antero Laying Off Half of Land Brokers Across Country
Antero Resources Corp. is laying off about half of its land broker workforce, spread across Ohio, western West Virginia, Oklahoma and Texas, to move more money to Appalachia development, a top executive said Tuesday.
GOP-Led Senate Moves Toward Keystone XL Approval; Obama Threatens Veto
The first day of GOP control of the U.S. Senate started off on a testy note Tuesday after a pair of lawmakers introduced a bill to approve construction of the controversial Keystone XL pipeline and President Obama promised to veto it.