Range Resources could be target for takeover
Range Resources Corp. (RRC)’s drilling operations in Pennsylvania’s Marcellus Shale natural-gas field are so coveted that the most expensive exploration and production company in America is now a takeover target. More »
Eni reports 2nd ‘giant’ Mozambique gas find
Eni SpA (ENI), Italy’s largest oil company, reported a second “giant” natural-gas discovery off Mozambique, near the Mamba South find that it made last year. More »
Citing Keystone, drilling, Obama threatens highway bill veto
President Obama on Tuesday threatened to veto House Republican legislation that would reauthorize surface-transportation programs in part because the bill contains controversial energy-related provisions such as one that approves the Keystone XL pipeline. More »
Oil stays above $100 a barrel
Natural gas futures surged by 10 cents to finish at $2.53 per 1,000 cubic feet. Analysts say investors are betting that prices have dropped about as far as they’ll go, and they’ll eventually rebound. More »
Salazar says fracking rules coming in ‘a few weeks’
Interior Secretary Ken Salazar said his department would formally unveil its highly anticipated rules for hydraulic fracturing on federal lands in just “a few weeks.” More »
Gas well inspections to be required after fracking, Salazar says
Natural-gas drillers will be required by U.S. rules to inspect their wells after hydraulic fracturing on public land to ensure the safety of drinking-water supplies, Interior Secretary Ken Salazar said. More »
Midmarket Eagle Ford drillers have shot at funds
Midsize oil producers with solid track records in the Eagle Ford Shale will find it easier to borrow money, an expert said Monday at a series of seminars sponsored by the Texas Alliance of Energy Producers. More »
GOP to push votes on Keystone XL, drilling measures
Congressional Republicans will move to get legislation approving the Keystone XL pipeline through the House and Senate by using surface-transportation bills that both chambers are taking up this week. The House version of the transportation bill also contains provisions expanding oil-and-gas drilling. More »
Oil settles above $100 a barrel
Investors were encouraged that Greece would get the bailout money it needs. More »
Obama budget would boost renewables, nix oil and gas tax breaks
President Barack Obama called today for boosting funding for pipeline safety and renewable energy while again proposing to roll back several tax breaks for the oil and gas industry. More »
Drillers cut natural gas production as prices drop
As natural gas prices continue to drop, the recent nationwide boom in drilling is slowing. Drillers don’t make money if prices go too low — and drilling wells isn’t cheap. More »
EPA examining gas drilling in southwestern Pa.
Federal environmental investigators examining the impact of natural gas drilling in the Marcellus Shale are focusing on southwestern Pennsylvania’s Washington County. More »
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