Energy Inc: House panel approves bill to reform gas-royalty payments

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March 18, 2014

Who's Who in Energy Find out about the movers and the shakers in the Who's Who in Energy special section. Click to find out more House panel approves bill to reform gas-royalty payments House Bill 1684 would amend the Oil and Gas Lease Act to keep oil and gas companies from reducing potential royalties below the one-eighth minimum. Shell slashes spending by 20 percent Royal Dutch Shell said it will cut its spending by a fifth and permanent staff and contractors in its U.S. onshore and gas exploration business by 30 percent as the company struggles to profit from the shale boom. Hearing planned to investigate variable-rate electricity contracts A hearing in Harrisburg — and another planned in the Pittsburgh region — will look at the higher-than-expected cost of electricity this winter for some consumers. Marcellus ethane increasingly important in Canada When facilities are complete, pipeline capacity will accommodate 50,000 barrels of ethane per day. Rice Energy posts 4Q loss Rice Energy Inc. Thursday reported a pro forma fourth-quarter 2013 loss of $8.66 million, or 7 cents per share, on total revenue of $55.6 million. Heating costs far exceed expectations, EIA says ​The cost of heating a home this winter was significantly higher than expected, the U.S. Energy Information Administration announced Wednesday. TOP HEADLINES Opening foreign gas markets may help Marcellus Shell and PennDOT continue to evaluate Route 18 relocation Mars school district rejects Rex Energy's drilling plan Marcellus to continue strong output in March, April

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