In This Issue:

- UK Shale Exploitation: Securing Subsurface Access Rights

- Taking the Road Best Travelled? CFE seeks electric-gas "convergence"

- Pemex Requests Mexico E&P Areas from SENER

- Energy Policy and Tax Policy Are Inseparable

- FERC Decision Rejects Oil Pipeline's Petition for Declaratory Order Approving Contract Rates, Special Prorationing Methodologies and Priority Access to Excess Capacity

- FERC Proposes Development of Physical Security Standards for the

Bulk-Power System

- Excerpt from FERC Proposes Development of Physical Security Standards for the

Bulk-Power System:

On March 7, 2014, the Federal Energy Regulatory Commission (FERC) directed the North American Electric Reliability Corporation (NERC) to develop reliability standards requiring owners and operators of the Bulk-Power System to address risks due to physical security threats and vulnerabilities in order to enhance the resilience of the transmission grid.