Tag Archives: gas

Turkey, Israel to Consider Building Gas Pipeline

ISTANBUL (AP) — Israel and Turkey will consider building a pipeline that would carry Israeli natural gas to Turkey and onward to European markets, Israel’s energy minister said Thursday, during a first visit by an Israeli minister since the countries ended a six-year rift this summer. Yuval Steinitz told reporters after talks with his Turkish counterpart, Berat Albayrak, that the two sides also discussed the issue of Turkey supplying electricity and other forms of energy to the Palestinians in Gaza and the West Bank. “Israel is welcoming any involvement of Turkey in improving the lives […]

Plans to Protect Rare Colorado, Utah Birds May Limit Pipeline ROW

DENVER (AP) — Federal land managers announced long-awaited plans to protect the rare Gunnison sage grouse, a bird found only in Colorado and Utah. The Bureau of Land Management released a nearly 1,000-page document late Thursday proposing restrictions on energy development, roads and grazing. The proposals include closing or limiting the use of some areas during the birds’ mating season, from mid-March to Mid-May, and during harsh winter weather. That could affect exploration for oil and gas, among other activities. Other proposals include limits on the size of rights of way for utility lines and […]

Alaska Governor Limits Annual Oil-Wealth Checks to $1,000

ANCHORAGE, Alaska (AP) — Facing a multibillion-dollar deficit, Alaska’s governor on Wednesday cut in half the annual checks that give all residents a share of the state’s oil wealth, but he kept enough money in place to award everyone a $1,000 payout. Gov. Bill Walker’s administration said the checks had to be reduced in order to save the program. The veto “preserves that ability to provide a check to every citizen in this state forever,” his budget director, Pat Pitney, said. If nothing was done, Walker said the Alaska Permanent Fund — worth about $52 […]

Exxon Mobil Wins a Round in Climate Litigation

DALLAS (AP) — Exxon Mobil Corp. won an early round Wednesday in its fight against regulators over whether the oil giant covered up what it knew about climate change. The U.S. Virgin Islands attorney general agreed to drop a subpoena for company records. In exchange, Exxon asked a federal court to dismiss a counter-lawsuit that the company filed against the U.S. territory. Officials in New York and Massachusetts also issued subpoenas. Exxon is seeking to have the Massachusetts subpoena thrown out but has not yet challenged New York’s. Environmentalists and regulators charge that the largest […]

Exxon Appraisal Well Discovers Large Oil, Gas Deposits in Guyana

GEORGETOWN, Guyana (AP) — Officials in the South American country of Guyana say Exxon Mobil has found large deposits of oil and gas in a recently drilled appraisal well. Energy Minister Raphael Trotman told The Associated Press on Monday that the company will drill another well in upcoming months. Officials have said Exxon Mobil previously drilled another well last year that they believe could contain at least 700 million barrels of oil. The company’s drill site is located some 150 miles offshore from Guyana’s east coast. British petroleum giant Tullow Oil PLC and Repsol of […]

Adjusting to Life – and Leaner Wallets – after Gas Boom

April 2016, Vol. 243, No. 4

TOWANDA, Pa. (AP) — Jami Patel spends long hours behind the front desk of a nearly empty motel, desperate for someone, anyone, to check in. Hardly anyone ever does, not since the once-booming natural gas industry pulled up stakes amid a prolonged, severe slump in energy prices. “I don’t know how much longer I can hold on,” lamented Patel, 43. “If it continues like this, the business is going to be dead.” That’s the last outcome Patel would have envisioned after she and her husband spent more than $1 million on renovations a few years […]

Gulf Oil, Gas Leases Up for Sale; Environmentalists Protest

March 2016, Vol. 243, No. 3

NEW ORLEANS (AP) — The federal government is selling off oil and gas leases in the Gulf of Mexico during a sale Wednesday, but environmentalists opposed to fossil fuels development on public lands plan to protest. The Bureau of Ocean Energy Management is offering about 45 million acres for exploration and development. Companies submit bids in advance to the agency, which announces the results at the sale. It’s held at the Superdome. Wednesday’s auction will be for lots in the central and eastern sections of the Gulf. The central region is generally the most active […]

Update: US Cancels Oil and Gas Lease on Montana Land Sacred to Tribe

March 2016, Vol. 243, No. 3

BILLINGS, Mont. (AP) — The Obama administration on Thursday canceled a disputed oil and gas lease just outside Glacier National Park that is on land considered sacred to the Blackfoot tribes of the U.S. and Canada. The move came after U.S. District Judge Richard Leon criticized the government over its decades-long delay in resolving the matter. He accused the government of trying to “run out the clock” on a lawsuit from Solenex LLC, a Louisiana company that wants to drill foroil and gas on the 6,200-acre site. Left unresolved is the fate of 17 remaining leases […]

Federal Officials Say Bid-Rigging Goes Beyond Chesapeake’s Ex-CEO

March 2016, Vol. 243, No. 3

DALLAS (AP) — As advanced drilling technology opened untapped sources of oil and natural gas, it triggered fierce competition among energy companies to scoop up rights to drill on vast swaths of land across the country. The rush caused lease prices to skyrocket in the most promising fields. In a few cases, gas companies responded by cutting secret deals to rig the bidding and hold down their costs. Federal officials are now investigating to see if these shady practices are more common than believed. The first big indictment of an executive came this week, when […]

WGL Midstream Invests $89 Million in Stonewall Gathering System

March 2016, Vol. 243, No. 3

WGL Midstream, a WGL Holdings company, announced it exercised an option for an $89 million equity investment in the Stonewall Gas Gathering System, representing a 35% ownership stake. The system began operations in November and currently gathers 1 Bcf/d of natural gas daily from the Marcellus production region in West Virginia, delivering it to an interstate pipeline system. WGL Midstream secured an option to invest in the Stonewall system as part of an existing supply agreement with Antero Resources Corporation, a natural gas operator in the Marcellus and Utica Shale region, and the primary shipper […]

Feds Seek Limit on Methane Gas Flaring at Drilling Sites

January 2016, Vol. 243, No. 1

WASHINGTON (AP) — The Obama administration on Friday proposed new rules to clamp down on oil companies that burn off natural gas on public land, arguing the effort will reduce waste and harmful methane emissions as part of President Barack Obama’s bid to curb climate change. Energy companies frequently “flare” or burn off vast supplies of natural gas at drilling sites because it does not earn as much money as oil. A report by the Government Accountability Office said 40% of the methane gas being burned or vented could be captured economically and sold. Interior Secretary […]

Company & Association News

January 2016, Vol. 243, No. 1

The Board of Directors of the Texas Alliance of Energy Producers elected Robert W. Osborne vice chairman at its recent meeting in Fort Worth. Osborne, who has been in the oil and gas business since 1971, is vice president and 50% owner of Cobra Oil & Gas Corp. in Wichita Falls. Personnel Changes  EQT Corp. promoted Steven Schlotterbeck, who led its natural gas exploration and production business, to company president. Schlotterbeck, an executive vice president since 2013 and president of E&P since 2010, replaces David L. Porges, who remains chairman and CEO. Schlotterbeck joined the Pittsburgh-based company […]