At the the Dec. 15 meeting of the Susquehanna River Basin Commission (SRBC) held in Wilkes-Barre, PA, commissioners voted to reject a request from Anadarko Petroleum to withdraw up to 715,000 gallons of water per day from a well near Council Run in Snow Shoe Township (Centre County), PA. The rejection is rare because the [...]
Interest in Ohio’s Utica Shale gas is booming as evidenced by the ramp up in the number of drilling permits issued. More than half of all permits issued have come in the last three months.
ProPublica recently compiled a list of the top 10 natural gas drillers in the U.S. based on daily natural gas production volume. The list includes gas drilled by both “traditional” vertical drilling as well as “non-traditional” horizontal hydraulic fracturing. Or think of it as non-shale gas and shale gas—companies who drill for both are in [...]
Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:
The Centre County (PA) Natural Gas Task Force says that drilling for Marcellus gas in the county has slowed down this year, with only about a quarter of the number of new wells being drilled this year vs. last year. Why? According to the task force, the reasons for the slowdown are low gas prices [...]
A group of investment managers who belong to an organization called The Investor Environmental Health Network have banded together (some might call it collusion) to put pressure on energy companies who engage in natural gas drilling by using hydraulic fracturing. Their aim? To stop fracking of course, but that’s not what they say in their [...]
Is Pennsylvania Gov. Ed Rendell pro- or anti-drilling? Darned if I can tell. In some ways he has encouraged and allowed drilling to flourish in PA under his watch, something PA landowners should be thankful for. But it seems he has to keep some in his own party appeased, so he often talks down drilling. [...]
An update on Anadarko’s Marcellus drilling activities from a recent operations report released to investors: Anadarko entered into a joint venture with Mitsui E&P USA LLC. Under the terms of the agreement, Mitsui will participate with Anadarko as a 32.5% partner in Anadarko’s Marcellus Shale assets in exchange for providing a $1.4 billion capital carry [...]
There was a mud spillage at a drilling site on Friday, April 2nd in Pennsylvania. The site is located on state-owned land—the Sproul State Forest in north-central Pennsylvania. The drilling was being done by Anadarko. According to reports: An estimated 8,000 to 12,000 gallons of mud used by Anadarko E&P Company Inc. for drilling operations [...]
Philly.com – Philadelphia Inquirer (Feb 17) Japanese firm to invest $1.4 billion in Marcellus operation The Philadelphia Inquirer has posted a story about the huge investment from Mitsui in Anadarko. As Marcellus Drilling News reported yesterday, Mitsui has purchased a 32.5% stake in Anadarko for $1.4 billion. What was not in the original news release [...]
Anadarko Press Release (Feb 16) Anadarko Announces Joint Venture with Mitsui in the Marcellus Shale The full text of the press release from Anadarko is below. It announces they have taken on a partner for their Marcellus drilling interests, mostly in north-central Pennsylvania. Anadarko Petroleum Corporation (NYSE:APC) today announced a joint-venture agreement with Mitsui E&P [...]
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