Tag: Marcellus Shale
Consol Energy and Noble Energy to dissolve Marcellus Shale JV
Consol Energy to receive $205 million on closing Oct 31 (Reuters) – Coal and natural gas producer Consol Energy Inc and Noble Energy Inc said on Monday they would dissolve their 50-50 Marcellus shale joint venture, resulting in a payment of about $205 million to Consol on closing. The joint venture was formed in 2011 to […]
EQT increases core Marcellus acreage position with $683 million acquisition
Over past 4 years, EQT acquired 230,000 core Marcellus acres and developed 44,000 acres EQT Corporation says it signed definitive agreements to acquire additional core Marcellus acreage, consisting of 42,600 net acres and current natural gas production of approximately 42 MMcfe per day from Trans Energy, Inc. and entities affiliated with Republic Energy, according to a press release. […]
Rice Energy gains bigger foothold in Texas and Marcellus shale
Rice Energy acquired rights to 31,000 net acres in Texas’ Barnett Shale with strong base of flowing production After losing a bid for core Marcellus acreage to Vantage Energy in May, Rice Energy announced its plan to acquire Vantage for approximately US$2.7 billion, according to Wood Mackenzie. In a new report by Wood Mackenzie, US Lower […]
3 things to know about Center for Public Integrity’s latest Marcellus hit piece
CPI’s latest report is from organization with anti-fracking agenda, while ignoring available data for reality of the industry By Nicole Jacobs, Energy In Depth The Center for Public Integrity (CPI)—funded by the anti-fracking Park Foundation—recently released a new report on the waste byproducts that are generated from Marcellus Shale development and their supposed radioactivity. And, as […]
Pennsylvania AG sues gas driller Chesapeake Energy over ‘deceptive’ leases
Chesapeake Energy accused of cheating landowners who signed drilling leases Pennsylvania’s attorney general sued one of the nation’s largest producers of natural gas on Wednesday over claims it cheated at least 4,000 landowners who signed drilling leases with the company. Oklahoma City-based Chesapeake Energy Corp. tricked landowners into signing industry-friendly leases in the early years […]
US proved oil and natural gas reserves rise in 2014
Pennsylvania added 10.4 trillion cubic feet (Tcf) of natural gas proved reserves (the largest net increase for any state in 2014) driven by continued development of the Marcellus Shale play U.S. crude oil proved reserves increased in 2014 for the sixth year in a row with a net addition of 3.4 billion barrels of proved […]
Auburn Loop pipeline system delivers Marcellus Shale gas starting Nov. 1
Auburn gathering system helps close Marcellus ‘infrastructure gap’ WYOMISSING, Pa. – UGI Energy Services, LLC has announced the completion of the Auburn Loop pipeline project, a new nine-mile, 24-inch pipeline running from Susquehanna County to UGI Energy Services’ Manning Compressor Station in Wyoming County. The Auburn Loop parallels the existing 12-inch Auburn pipeline, and is scheduled to start delivering […]
Largest study yet on effects of fracking find no evidence of water well contamination
Fracking researchers covered 7,400 square kms over 3 years, taking 64 samples from drinking water wells on residential properties In the largest study of its kind, a Yale University-led investigation found no evidence fracking is responsible for contamination of drinking water well near the Marcellus Shale in NE Pennsylvania. The deep hydraulic fracturing of shale horizons, underground storage tanks, well […]
Pact to attract gas drilling to Ohio, West Virginia, Pennsylvania signed by states
States work to capitalize on environmentally sound gas drilling COLUMBUS, Ohio – Ohio, West Virginia and Pennsylvania on Tuesday agreed to co-operate in attracting shale gas development and jobs to their region over the next three years rather than compete with each other. The states signed an agreement during the Tri-State Shale Summit in Morgantown, West Virginia. […]
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