Regulatory – Page 80 – Oil & Gas 360

Mexico’s Oil Industry Reform Could Open Doors for International Investors; A Potential Game Changer for Long-term Country Stability?

September 25, 2013

America’s oil business is booming, thanks to breakthrough techniques and heightened E&P. To the south, Mexico is struggling, and its shortage of fuel is becoming a concern. The head of Mexico’s oil production is state-owned Petróleos Mexicanos, or Pemex. Mexico has become a major non-OPEC oil producer, exporting $40 billion in crude oil per year to the United States. Pemex

California Fracing Bill Could Slow Monterey Shale Production

September 13, 2013

On September 11, 2013, the California Assembly passed a law attempting to regulate fracing in the state’s Monterey shale. The bill, listed as Senate Bill 4 (SB 4), will go into effect on January 1, 2015. SB 4 will require companies to apply for a fracing permit, disclose what chemicals and well stimulation fluids they were using, and notify local

Japan and India Create LNG Buyer’s Group in Hopes of Luring Additional Imports

September 10, 2013

The governments of Japan and India announced on September 9, 2013, a joint buyer’s group agreement to increase the importation of liquefied natural gas (LNG) in an attempt to offset their rising energy prices. According to Mari Iwata’s report in The Wall Street Journal, the countries plan to ask fellow importers, such as South Korea and Singapore, to join the

Nuclear Is NOT a Future Power Technology Solution

August 29, 2013

Entergy Corporation (NYSE: ETR) announced plans on August 27, 2013, to close and decommission its Vermont Yankee Nuclear Power Station in Vernon, Vermont. The station is expected to cease power production after its current fuel cycle and move to safe shutdown in the fourth quarter of 2014. The station will remain under the oversight of the Nuclear Regulatory Commission throughout

Dawson Geophysical Reports Fiscal Third Quarter And Nine Month 2013 Results

August 6, 2013

Company Reports an Increase in Third Quarter Net Income And EBITDA over Comparative 2012 Quarter Dawson Geophysical Company (DWSN) today reported revenues of $75,647,000 for the third quarter-ended June 30, 2013, compared to revenues of $68,348,000 for the same quarter in fiscal 2012. Net income increased to $4,063,000, or $0.50 per share attributable to common stock, in the third quarter of

Colorado Environmental Regulation Changes On the Horizon?

July 9, 2013

A change to the way oil and gas pollution is regulated is the next big step for the Colorado Department of Public Health and Environment. CDPHE is moving forward to adopt EPA’s air pollution rules. In 2012, EPA set new standards in accordance with cost effective ways of reducing emissions. The Denver Post reported that the need for an overhaul

When Will the Keystone Pipeline Become a Necessity?

July 9, 2013

In an industry report released July 8, 2013, Raymond James & Associates asked the question: ‘When will the Keystone XL Pipeline become a necessity?’ According to analysts, Marshall Adkins & Cory Garcia, additional pipeline capacity out of Western Canada will be eventually needed if Canadian oil sands growth continues as projected. “While Keystone isn’t needed today or arguably even in

Countries Unanimously Agree on Gas-pricing System at Second Gas Summit of Gas Exporting Countries Forum

July 3, 2013

Russian leader, Vladimir Putin, has been dipping his toes in to a lot of pools lately. Between his position on possibly allowing Edward Snowden to seek asylum in Russia and his hosting of the second Gas Summit of the Gas Exporting Countries Forum (GECF) in Moscow July 1, 2013 – it’s amazing that he’s keeping the snow separated from the

Let’s Work For America, Not Against It; Climate Change Speech Positive for Natural Gas

June 26, 2013

President Barack Obama’s first climate change speech of his second term focused on three main points: cutting carbon pollution in America, preparing the U.S. for the impacts of climate change, and leading international efforts to combat global climate change. Our key takeaway from the president’s speech was natural gas is cited as a “critical bridge fuel” – and rightfully so.

PetroQuest Energy Announces First Quarter 2013 Results And Provides Operations And Hedging Update

May 7, 2013

PetroQuest Energy, Inc. (PQ) announced today that the Company recorded net income available to common stockholders for the quarter ended March 31, 2013 of $2,607,000, or $0.04 per share, compared to first quarter 2012 net loss to common stockholders of $18,608,000, or $0.30 per share. The 2012 period included a non-cash ceiling test impairment of $20,111,000. Discretionary cash flow for

Dawson Geophysical Reports Fiscal Second Quarter And Six-Month 2013 Results

May 7, 2013

Company Generates a 16 and 21 Percent Increase in EBITDA for the Second Quarter and Six Month Period, Respectively Dawson Geophysical Company (DWSN) today reported results for the quarter-ended March 31, 2013, the Company’s second quarter of fiscal 2013. Second Quarter and Six Month Highlights EBITDA for the quarter-ended March 31, 2013 increased to $20,314,000 compared to $17,520,000 for the same

Natural Gas Roundup (Week Ended 4/19/13)

April 25, 2013

NATURAL GAS INVENTORY Current: 1,734 Bcf Actual Injection/(Withdrawal): 30 Bcf Economist Average Estimate: 32 Bcf Previous: 1,704 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Pressure Mounts on US to Export Natural Gas – CNBC As the U.S. produces more of its own energy, pressure is mounting on the federal government to move

Premium Content