Archive for January 17th, 2012

NY Gov. Cuomo Signals Drilling Not Likely to Happen in 2012

Although pro-drilling groups in New York are attempting to put a positive face on it, yesterday NY Gov. Andrew Cuomo said the state has not yet made a determination on whether fracking will be allowed. Not “when” it will be allowed, but “whether” it will be allowed. He said, “We haven’t made that determination.” His […]

WV Gov. Tomblin Proposes 25-Year Tax Break for Cracker Plant

West Virginia Gov. Earl Ray Tomblin has sent proposed new legislation to lawmakers asking for a 25-year break from business property taxes for any company investing at least $2 billion to build an ethane cracker plant in the state. There is a bidding war going on among West Virginia, Ohio and Pennsylvania to attract the […]

M&A Activity in 2011 Set New Records, including Utica Shale

Last year’s mergers and acquisitions activity in the oil and natural gas sector set new records, both in the total value of deals and the total number of deals. Although the Marcellus Shale was responsible for a great deal of M&A activity in 2010, for 2011, the Utica Shale, considered an emerging shale play, ranked […]

PA Bill Requiring EMS Plan for Marcellus Wells Nears Passage

Although a comprehensive bill to tighten regulations on Marcellus Shale drilling in Pennsylvania along with an impact fee has still not passed the PA legislature, a separate, smaller bill is about to. The smaller bill requires Marcellus Shale well operators to provide geographic siting information to local, county and state EMS officials and to develop […]

Canadian Pembina Pipeline Buys Provident Energy for C$3.2B

Pembina Pipeline Corp., a Canadian oil and gas pipeline operator (based in Calgary), just announced an agreement to buy Provident Energy Ltd. (another Calgary-based company) for C$3.2 billion to add natural gas liquids assets. The combined company will have a market cap of C$7.9 billion and a total enterprise value of C$10 billion, making it […]

Marcellus & Utica Shale Story Links: Tue, Jan 17, 2012

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading:

 

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