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hearing board of the South Coast Air Quality Management District issued the order Saturday
South Texas’ Eagle Ford shale saw four more rigs go dark this week, while West Texas’ Permian Basin lost another three rigs, according to according to weekly data released by oil field services firm Baker Hughes.
The move will save Chesapeake about $170 million a year, the Oklahoma City-based company said in a statement Friday. Chesapeake halted its quarterly common stock dividend in July for the first time in 14 years.
Cheney said the U.S. should get more involved with energy diplomacy to weaken its enemies
Domestic gas prices have fallen 27 percent since this time last year, squeezing cash flows for shale gas drillers like Southwestern.
The burn-off plan is being abandoned over fears that it could not be done safely, SoCalGas, which is owned by Sempra Energy, said in a statement.
Nationally, this year’s winter weather is expected to be about 15 percent warmer than a relatively warm winter in 2014-15.
The leak at the biggest natural gas storage facility west of the Mississippi River was reported Oct. 23.
The shipment was originally secluded to depart in late January.
Sen. Fran Pavley, D-Agoura Hills, said the legislation would prevent a replay of the massive uncontrolled leak that has persisted nearly three months in the San Fernando Valley.