OIL AND GAS
Natural Gas Projected to Power Job Growth, U.S. Economy
A nationwide boom in production is set to fuel nearly 900,000 jobs and add roughly $1,000 to annual household budgets by 2015, according to a new industry study from IHS Global Insight. But concerns about environmental impacts of hydraulic fracturing could temper the growth.
7Dec2011 | admin | 0 comments | Continued
Mead Wants Broader Inquiry Into Pavillion Water
State, tribal and federal officials, as well as residents and the natural gas company in the Pavillion area, are already investigating why some water wells there are contaminated.
A separate federal investigation recently discovered high levels of methane, benzene and other chemicals in monitoring wells.
Company Nixes Deal for Controversial
Natural Gas Assets
Legacy Reserves LP of Midland, Texas, said it will not buy the assets in the Pavillion area owned by Calgary, Alberta-based Encana Corp. The company had announced earlier this month its plans to buy the assets for $45 million in cash.
29Nov2011 | admin | 0 comments | Continued
EPA Delays Refinery Greenhouse Gas Rule
In a statement Monday, the agency said it “needs more time to complete work on greenhouse gas pollution standards for oil refineries, and is working with the litigants to develop a new schedule to replace the current date of mid-December for a
rule proposal.”
Nerd Gas Drops Plans for Plant Near Lake De Smet, Now Eying Southwest Wyoming
The Nerd Gas decision may come as a surprise to many in Johnson and Sheridan counties, which jointly own Lake De Smet. Company representatives met with local community officials in recent weeks to pitch the economic value of the project and discuss how the project could get the amount of water it needed from the lake.
21Nov2011 | admin | 0 comments | Continued
BLM Wants Public Comment on Oil & Gas Development in Western Part of State
Already one of the most active oil and gas regions in the country, Western Wyoming could see yet another increase in production wells if Chevron USA, Inc. gets BLM approval of its Table Rock Field near Rock Springs
17Nov2011 | admin | 4 comments | Continued
Regional Focus: Oil And Gas Regulatory War Heating Up
Speaking in Denver last week, EPA administrator Lisa Jackson said the federal government has a role in regulating oil and gas drilling activity – establishing ozone levels for hydraulic fracturing emissions, providing guidance on water issues – but that state
and local governments must take the lead.
Shale Gas Bets Dominate Mergers & Acquisitions
Oil and gas deals got bigger and were dominated by foreign buyers placing bets on U.S. shale plays, according to a report on U.S. energy mergers and acquisitions released Wednesday by PwC’s energy consulting practice.
28Oct2011 | admin | 0 comments | Continued
Bigger Players Bring Seismic Shift to Shale
Last week’s Kinder Morgan-El Paso pipeline merger announcement was the latest in a flurry of big-money deals that are ushering major energy corporations into the booming business of natural gas in North America’s complex shale rock formations.
25Oct2011 | admin | 0 comments | Continued
Breaking News — EPA to Regulate Fracking Wastewater Disposal
Federal environmental regulators say they will develop national standards for disposal of the polluted “produced water” generated by hydraulic fracturing for natural gas. The agency said it will draft standards for fracking wastewater that drillers would have to meet before sending it to treatment plants.
20Oct2011 | admin | 0 comments | Continued
Encana Division Opens Natural Gas Fueling Station in Riverton
“In building this infrastructure, we are helping to reenergize the American economy. Up to
35,000 jobs are created with every one percent increase in North America’s natural gas production,” said Eric Marsh, Executive Vice-President of Encana Corporation.
Wyoming Regulators, Industry Examine
Gas Flaring Rules
The owner of the well was asking permission to flare 850,000 cubic feet a day of gas for up to six months. At current prices, that would mean the state, which gets a cut of the value of gas taken from state resources, could stand to lose more than $104,000 in value from the flared gas over the six-month period.
17Oct2011 | admin | 0 comments | Continued
Albany County Approves Wind Regulations
for Small Systems
The commissioners approved amendments to their small wind energy systems regulations that will change the height, setback distance and noise requirements for noncommercial wind turbines.
11Oct2011 | admin | 0 comments | Continued
Energy Companies Agree to Higher Royalty Fee
The previous rate is 16.6 % on production, but the operators said “yes” to paying 18.7 percent in exchange for longer leases, the level recommended by staff at the Office of State Lands and Investments — but not approved when the oil and gas lease form was updated this summer.
10Oct2011 | admin | 0 comments | Continued
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