Atlas Energy’s Marcellus Shale gas output is up 21% in the second quarter from the first quarter of 2010. At the end of June, their net production rate in the Marcellus region was 59 Mmcfe (million cubic feet of natural gas equivalents) per day. The company brought eight new horizontal Marcellus Shale wells online in [...]
The recently announced joint venture between Atlas Energy and Indian energy giant Reliance Industries (a deal worth $3.5 billion over 10 years) is already bearing fruit. Together they’ve just forked over $192 million to secure leases for more land in Pennsylvania. Independent oil and gas company Atlas Energy will buy 42,344 acres in the gas-rich [...]
Indian energy giant Reliance Industries Limited (RIL) has entered a joint venture with Atlas Energy (based in Pittsburgh). MDN previously reported on the rumors of an impending deal between the two companies. Reliance, India’s largest energy company and one of the largest energy companies in the world, will get 40 percent (120,000 acres) of Atlas [...]
As MDN reported on Feb. 24, Atlas Energy is looking for a partner to help fund its operations in the Marcellus Shale. They may have found one, Indian energy giant Reliance Industries: Reliance Industries Ltd., the owner of the world’s largest fuel-making complex, is in talks with Atlas Energy Inc. to invest in the U.S. [...]
The Pennsylvania Department of Environmental Protection is hiring more inspectors for gas and oil wells. Right now there are 125 inspectors statewide. By the summer, an additional 68 will be on board bringing the total to 193 inspectors. Which is a good thing according to the York (PA) Dispatch, which notes: In the last year, [...]
Reuters News – via FOREXYARD (Feb 25) Atlas looking for partner in Marcellus Atlas Energy is looking for a partner to help fund its operations in the Marcellus Shale. Atlas currently holds leases on 266,000 acres, in mostly southwestern Pennsylvania. According to the Reuters story: Bidders for the Atlas position should include large international integrated [...]
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